High-quality resorts in iconic locations
Playa is a leading owner and operator of all-inclusive resorts in Mexico, the Dominican Republic and Playa’s portfolio includes high-quality resorts in iconic locations and strategically important markets.
The pending acquisition provides an opportunity to secure long-term management agreements for Hyatt’s luxury all-inclusive Hyatt Ziva and Hyatt Zilara branded properties.
Hyatt expands all-inclusive offering
This pending acquisition marks the next step on a significant growth journey for Hyatt’s all-inclusive portfolio, which includes the acquisition of Apple Leisure Group in 2021 and the 2024 completion of a 50/50 strategic joint venture with Grupo Piñero. This joint venture added the Bahia Principe Hotels & Resorts portfolio to Hyatt’s Inclusive Collection, which currently spans approximately 55,000 rooms across Latin America, the Caribbean, and Europe.
The acquisition is anticipated to close later this year, subject to Playa shareholder and regulatory approval as well as other customary closing conditions.
In connection with the transaction, BDT & MSD Partners is acting as lead financial advisor to Hyatt with Berkadia serving as Hyatt’s real estate advisor. BofA Securities, J.P. Morgan, and Wells Fargo are also acting as financial advisors to Hyatt and have also provided fully committed bridge financing in relation to the transaction. Latham & Watkins LLP is Hyatt’s legal advisor.
“Hyatt has firmly established itself as a leader in the all-inclusive space, a journey that began in 2013 through an investment in Playa Hotels & Resorts that launched the Hyatt Ziva and Hyatt Zilara brands,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt.
