Hyatt completes Playa acquisition; signs $2B sale of portfolio, pro forma net loss $105M

Hyatt Hotels Corp

Acquired all Playa shares at $13.50 cash per share; total consideration ~$2.6B including debt repayment.
Financed with $1.7B delayed draw term loan and $1B senior notes (5.050% 2028, 5.750% 2032).
Signed agreement to sell Playa Portfolio (14 resorts) for $2B (incl. $200M preferred equity) plus up to $143M contingent consideration.
Pro forma net loss attributable to Hyatt for 9mo 2025: $(105)M vs historical $(32)M; 2024 pro forma net income $367M vs $1.296B.
One property sold for $22M; remaining sale expected by end of 2025 subject to regulatory approval.

item 9.01

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