Markets

Hyatt to acquire Playa Hotels & Resorts for $2.6B, causing Playa stock to surge 2.32%

by Market News Data

From StockTwits: 2025-02-11 03:00:08

Hyatt Hotels Corp ($H) has agreed to acquire Playa Hotels & Resorts NV ($PLYA) for $2.6 billion, causing shares of Playa to surge more than 2.32%. The deal, expected to close later this year, includes a 40% premium to Playa’s stock price before the announcement. Playa owns resorts in Mexico, the Dominican Republic, and Jamaica, while Hyatt is the beneficial owner of 9.4% of Playa’s outstanding shares. Wall Street analysts predict Hyatt to report $0.73 in earnings per share on $1.66 billion in revenues for the fourth quarter. Sentiment on Stocktwits has turned ‘bullish’ following the news.



Read more at StockTwits: Playa Hotels Stock Surges After Hyatt’s Bid To Buy Hotel Chain For $2.6B: Retail Cheers

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