Hyatt Hotels announced a deal to acquire the remainder of Playa Hotels stock that it didn't already own. Learn about my views on this deal.

Hyatt Hotels has agreed to acquire Playa Hotels & Resorts for roughly $2.6 billion, including $900 million in debt.

By Aishwarya Jain (Reuters) -Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean.

Hyatt already holds a 9.4% stake in Playa and offered to pay the hotel group $13.50 per share for the purchase.

Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has entered into an agreement to acquire all outstanding shares of Playa Hotels & Re

While the transaction is expected to streamline operations for Hyatt and travel advisors alike, industry watchers say they are monitoring whether Hyatt can keep up with its rapid growth.

Hyatt said it would acquire all-inclusive Playa Hotels & Resorts for $2.6 billion to gain Latin American resorts.

Hyatt Hotels Corp. llegó a un acuerdo para comprar Playa Hotels & Resorts NV por alrededor de US$2.600 millones, ampliando su alcance en el mercado de complejos turísticos “all inclusive” a países como México y Jamaica.

Hyatt Hotels Corp. plans to acquire Playa Hotels & Resorts for approximately $2.6 billion, marking a significant expansion of its all-inclusive resort portfolio in the Caribbean and Mexico. The two companies had been engaged in exclusive negotiations regarding "potential strategic alternatives" since late December.

Hyatt Hotels Corporation H has announced an agreement stating the acquisition of Playa Hotels & Resorts N.V. PLYA in an all-cash transaction. Per the agreement, an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa Hotels for $13.