Hyatt to acquire Playa Hotels for $2.6B
1. Hyatt buys Playa Hotels for $2.6 billion to boost Caribbean presence. 2. Playa operates 24 upscale resorts in Mexico, Jamaica, and Dominican Republic. 3. Hyatt offers $13.50 per Playa share, marking a 40.5% premium. 4. Hyatt aims to sell Playa's properties, targeting $2 billion in asset sales. 5. Acquisition follows increased demand for luxury travel outside the U.S.