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Image Credit Playa Resorts
Hyatt Hotels Corporation announced on February 3, 2025, that it has extended its exclusivity agreement with Playa Hotels & Resorts N.V. This agreement allows Hyatt to be the only company negotiating with Playa for potential strategic initiatives, which may include the potential acquisition of Playa.
Initially scheduled to end on an undisclosed date, the exclusivity period has now been extended through February 10, 2025. This signifies that Hyatt and Playa will continue their exclusive negotiations for the stated period.
Hyatt Hotels Corporation is a global hospitality company headquartered in Chicago. As of September 30, 2024, the company’s portfolio included more than 1,350 hotels and all-inclusive properties in 79 countries across six continents. The company’s brands span luxury, lifestyle, inclusive, classics, and essentials portfolios.
Playa Hotels & Resorts N.V. is a company that owners, operates and develops all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean.
