Potential Acquisition of Playa Resorts by Hyatt Under Discussion

Hyatt Hotels Corporation has entered into an exclusive negotiation agreement with Playa Hotels & Resorts N.V. The agreement allows Hyatt to exclusively negotiate potential strategic options with Playa, potentially leading to Hyatt acquiring the resort company.

Mark S. Hoplamazian, the CEO of Hyatt, acknowledged the long-standing partnership between the two companies and highlighted Playa’s strong reputation