CHICAGO, Illinois—Hyatt Inns Company introduced the finished acquisition of Playa Inns & Resorts N.V., an proprietor, operator, and developer of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica.
This transaction consists of the acquisition of 15 all-inclusive resorts beforehand managed and owned by Playa. Of those, eight have been already represented inside Hyatt’s system as Hyatt Ziva and Hyatt Zilara properties. As a part of the transaction, Hyatt expands its all-inclusive portfolio with the addition of a number of resorts positioned in seaside locations, together with Secrets and techniques La Romana and Goals La Romana within the Dominican Republic; Goals Rose Corridor in Montego Bay, Jamaica; and Hyatt Vivid Playa del Carmen and Sunscape Cancun in Mexico.
“As we welcome Playa into the Hyatt household, we’re strengthening our management within the all-inclusive house by means of a mix of recent places, capabilities, and expertise,” stated Mark Hoplamazian, president and CEO, Hyatt. “Playa’s all-inclusive administration platform enhances Hyatt’s world scale and model power, enabling us to ship compelling experiences for company and members whereas driving sturdy efficiency for homeowners.”
Hyatt’s all-inclusive development journey started in collaboration with Playa in 2013 with the launch of the Hyatt Ziva and Hyatt Zilara manufacturers and accelerated with the transformative acquisition of Apple Leisure Group in 2021. In 2024, Hyatt additional expanded its portfolio by means of a strategic three way partnership with Grupo Piñero for Bahia Principe Inns & Resorts. The acquisition of Playa solidifies Hyatt’s place as a supplier of all-inclusive journey experiences.
“We’re thrilled to welcome the Playa staff into the Hyatt household—a transfer that not solely strengthens our place as a worldwide chief in all-inclusive, but in addition builds on our momentum within the phase,” stated Javier Águila, president, Inclusive Assortment, Hyatt. “Spending time with the Playa staff over the previous a number of months has confirmed a deep cultural alignment and shared dedication to excellence. Hyatt’s loyalty program, World of Hyatt, and all-inclusive distribution platform, which incorporates ALG Holidays and Limitless Trip Membership, are complemented by Playa’s industrial capabilities, and collectively, we’re able to form the way forward for all-inclusive journey.”
“Playa has spent practically 20 years constructing a popularity for delivering excellent all-inclusive experiences,” stated Bruce Wardinski, departing chairman and CEO, Playa Inns & Resorts. “This acquisition is a pure evolution of our longstanding relationship with Hyatt, and we’re assured these excellent resorts will proceed to flourish beneath its management.”
Hyatt intends to supply extra monetary details about the transaction through the second quarter 2025 earnings convention name.
In reference to the transaction, BDT & MSD Companions served as lead monetary advisor to Hyatt, with Berkadia serving as Hyatt’s actual property advisor. Latham & Watkins LLP acted as Hyatt’s authorized advisor.
