Hyatt Hotels Corporation completed a tender offer process to purchase all of the issued and outstanding ordinary shares of Playa Hotels & Resorts N.V. at a cash price of $13.50 per share.
The acquisition included 15 owned all-inclusive resorts across Mexico, the Dominican Republic, and Jamaica.
Transaction financing involved a $1,700 million term loan facility and issuance of senior notes totaling $1,000 million.
Playa Acquisition
Hyatt acquired Playa Hotels & Resorts N.V. through a tender offer process at $13.50 per share.
Transaction Financing
Hyatt secured a $1,700 million term loan facility and issued $1,000 million in senior notes for financing.
Probable Disposition
Hyatt entered into an agreement to sell the Playa Portfolio for $2,000 million, including a $200 million preferred equity investment.
- The acquisition expands Hyatt's presence in the all-inclusive resort market across key locations in Mexico, the Dominican Republic, and Jamaica.
- The financing structure with term loans and senior notes indicates strategic planning for growth and asset management.
- The probable disposition of the Playa Portfolio for $2,000 million reflects a profitable investment and potential capital gains.
Hyatt's acquisition of Playa Hotels & Resorts N.V. represents a strategic move to strengthen its resort portfolio and drive growth in key tourism markets. The financing strategy and planned disposition demonstrate a focus on value creation and capital optimization.