m_and_a
confidence high
sentiment positive
materiality 0.80
Hyatt completes $13.50/share acquisition of Playa Hotels & Resorts, adds 15 all-inclusive resorts
Hyatt Hotels Corp
- Acquired all outstanding Playa shares at $13.50 per share in cash; ~86.2% of shares tendered by end of subsequent offering period.
- Borrowed $1.7 billion under delayed draw term loan to finance the acquisition, repay Playa debt, and pay fees.
- Adds 15 all-inclusive resorts in Mexico, Dominican Republic, Jamaica, including Secrets, Dreams, Hyatt Vivid, Sunscape brands.
- Transaction solidifies Hyatt's position as a leading all-inclusive provider, building on Apple Leisure Group and Bahia Principe JV.
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