Playa Hotels and Hyatt Continue Partnership
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Hyatt Hotels Corporation has revealed an extension of its previously announced exclusivity agreement date with Playa Hotels & Resorts N.V. Under this agreement, Playa is committed to negotiating exclusively with Hyatt on potential strategic options, including Hyatt’s acquisition of Playa. The exclusivity period now extends until February 10, 2025.
Playa Hotels & Resorts N.V.
Playa Hotels & Resorts N.V., through its subsidiaries, is a leading owner, operator, and developer of all-inclusive resorts in prime beachfront locations in Mexico, Jamaica, and the Dominican Republic. Playa currently owns and manages a total portfolio consisting of 24 resorts (8,627 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts, and The Luxury Collection.
Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, stands as a global leader in hospitality, guided by its mission to nurture people’s ability to thrive. As of September 30, 2024, the Company’s portfolio boasts over 1,350 hotels and all-inclusive properties spanning 79 countries across six continents. The Company presents a diverse array of brands within several portfolios. The Luxury Portfolio includes Park Hyatt, Alila, Miraval, Impression by Secrets, and The Unbound Collection by Hyatt. The Lifestyle Portfolio comprises Andaz, Thompson Hotels, The Standard, Dream Hotels, The StandardX, Breathless Resorts & Spas, JdV by Hyatt, Bunkhouse Hotels, and me and all hotels. The Inclusive Portfolio features Zoëtry Wellness & Spa Resorts, Hyatt Ziva, Hyatt Zilara, Secrets Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape Resorts & Spas, and Alua Hotels & Resorts. The Classics Portfolio includes Grand Hyatt, Hyatt Regency, Destination by Hyatt, Hyatt Centric, and Hyatt Vacation Club. Finally, the Essentials Portfolio contains Caption by Hyatt, Hyatt Place, Hyatt House, Hyatt Studios, and UrCove.
