Hyatt Hotels and Playa Hotels Discuss a Deal
Photo Credit: Aerial aerial view of pools at an all-inclusive resort. Playa Hotels and Resorts
Skift Take
Hyatt Hotels and Playa Hotels & Resorts are negotiating a potential acquisition, with differing analyst views on its likelihood and structure.
Holiday Schedule: The final Daily Lodging Report for 2024 will be on Tuesday, December 24. The first DLR of 2025 will be January 2, 2025. We wish you all a happy and healthy holiday season.
The DJIA was up 67 points while Nasdaq was up 192, the S&P 500 rose 43 points, and the 10-year treasury yield closed at a 7-month high, up .08 to 4.60%. Lodging stocks were higher. PLYA surged 29% to a new high on the Hyatt news. H was down -1.4%. SHCO bounced 6%, and VCSA was also up 6% on the day.
Hyatt Hotels and Playa Hotels & Resorts said they entered an exclusivity agreement for PLYA and H to negotiate potential strategic alternatives. Since H and PLYA already have a relationship on a few resorts and H owns a 9.9% stake already, everyone knows the negotiations would be about H acquiring them. PLYA has said they are open to a sale, and some of their board members have made it a habit to sell stock regularly. H could see ent
