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Hyatt Hotels Playa Hotels & Resorts will buy about $ 2.6 billion with loans, cash nets, the company on Monday demanded to promote its appearance in Mexico and Caribbean.
The acquisition follows the increasing interest in Upskale and Luxury Prasad outside the US as more Americans take advantage of a strong dollar.
Playa runs 24 high-ends, all-incredible resorts in the Republic of Mexico, Jamaica and Dominican.
Hayat, who owns a 9.4% stake in Playa, hopes that the deal will stop at the end of this year. ,
Before the companies announced the deal negotiations, Hayat has held a $ 13.50 per playa stock, which represents a 40.5% premium for its last close friend. Playa shares in premarket trading on Monday had 2%.
Hayat, who owns a 9.4% stake in Playa, hopes that the deal will stop at the end of this year.
It said that it would identify third-party buyers for Playa-owned assets and expects to get at least $ 2 billion from the sale of property by 2027.
It is part of Hyatt’s asset-light business model, where the operator prefers to manage or franchise them, not the owner of physical properties.
