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The latest update is out from Hyatt Hotels ( (H) ).
On February 9, 2025, Hyatt Hotels Corporation announced entering into a purchase agreement to acquire all outstanding shares of Playa Hotels & Resorts for approximately $2.6 billion. The acquisition is set to enhance Hyatt’s all-inclusive platform, expanding its portfolio and management agreements for luxury all-inclusive properties. The transaction is expected to close later in the year, pending regulatory and shareholder approvals, and it aligns with Hyatt’s asset-light strategy, as the company plans to sell off Playa’s owned properties post-acquisition.
More about Hyatt Hotels
Hyatt Hotels Corporation, headquartered in Chicago, is a global hospitality company with a portfolio of over 1,350 hotels and all-inclusive properties in 79 countries. The company offers a wide range of brands, including luxury, lifestyle, and inclusive collections, with a strong market presence in the hospitality industry.
YTD Price Performance: 4.93%
Average Trading Volume: 505,837
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.75B
For detailed information about H stock, go to TipRanks’ Stock Analysis page.
