Hyatt Lodges Company (NYSE: H) right now introduced the finished acquisition of Playa Lodges & Resorts N.V. (NASDAQ: PLYA), a number one proprietor, operator, and developer of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica.
This transaction contains the acquisition of 15 all-inclusive resorts beforehand managed and owned by Playa. Of those, eight have been already represented inside Hyatt’s system as Hyatt Ziva and Hyatt Zilara properties. As a part of the transaction, Hyatt expands its all-inclusive portfolio with the addition of a number of resorts positioned in premier seaside locations, together with Secrets and techniques La Romana and Desires La Romana within the Dominican Republic; Desires Rose Corridor in Montego Bay, Jamaica; and Hyatt Vivid Playa del Carmen and Sunscape Cancun in Mexico.
“As we welcome Playa into the Hyatt household, we’re strengthening our management within the all-inclusive area by way of a mix of recent areas, capabilities, and expertise,” stated Mark Hoplamazian, President and Chief Government Officer, Hyatt. “Playa’s all-inclusive administration platform enhances Hyatt’s international scale and model energy, enabling us to ship compelling experiences for visitors and members whereas driving sturdy efficiency for house owners.”
Hyatt’s all-inclusive progress journey started in collaboration with Playa in 2013 with the launch of the Hyatt Ziva and Hyatt Zilara manufacturers and accelerated with the transformative acquisition of Apple Leisure Group in 2021. In 2024, Hyatt additional expanded its portfolio by way of a strategic three way partnership with Grupo Piñero for Bahia Principe Lodges & Resorts. The acquisition of Playa solidifies Hyatt’s place as a number one supplier of all-inclusive journey experiences.
“We’re thrilled to welcome the Playa crew into the Hyatt household – a transfer that not solely strengthens our place as a worldwide chief in all-inclusive, but in addition builds on our momentum within the section,” stated Javier Águila, President, Inclusive Assortment, Hyatt. “Spending time with the Playa crew over the previous a number of months has confirmed a deep cultural alignment and shared dedication to excellence. Hyatt’s loyalty program, World of Hyatt, and all-inclusive distribution platform, which incorporates ALG Holidays and Limitless Trip Membership, are complimented by Playa’s business capabilities and collectively, we’re able to form the way forward for all-inclusive journey.”
“Playa has spent almost twenty years constructing a popularity for delivering excellent all-inclusive experiences,” stated Bruce Wardinski, departing Chairman & CEO, Playa Lodges & Resorts. “This acquisition is a pure evolution of our longstanding relationship with Hyatt, and we’re assured these excellent resorts will proceed to flourish underneath its management.”
In reference to the transaction, BDT & MSD Companions served as lead monetary advisor to Hyatt, with Berkadia serving as Hyatt’s actual property advisor. Latham & Watkins LLP acted as Hyatt’s authorized advisor.