IHG's Voco Brand Hits 100 Hotels
Skift Take
IHG Hotels & Resorts celebrated the milestone of 100 open hotels for its voco brand within just seven years. Plus, other hotel news.
The DJIA gained 105 points today, the Nasdaq was up 124, the S&P 500 rose 33 points. Lodging stocks were modestly higher.
Hyatt Hotels Corporation announced that 101,891,119 shares of Playa Hotels & Resorts N.V., representing approximately 82.8% of Playa’s outstanding shares, were validly tendered and not withdrawn prior to the expiration of the initial offering period on June 9, 2025. For purposes of the minimum tender condition, the aggregate number of Playa ordinary shares validly tendered and not properly withdrawn, together with the 12,143,621 Playa ordinary shares owned by Hyatt and its affiliates as of June 9, 2025, represents approximately 92.7% of the outstanding Playa ordinary shares. As a result, the minimum tender condition and other conditions of its previously announced tender offer to acquire Playa for $13.50 per share or approximately $2.6 billion, includin
