Hyatt completes $13.50-per-share cash acquisition of Playa Hotels & Resorts
Hyatt completed its acquisition of Playa Hotels & Resorts N.V. on June 11, 2025, after tenders covered about 92.7% of Playa's outstanding shares by the expiration time. Hyatt financed the deal by borrowing $1.7 billion under a delayed draw term loan, and a back-end merger is set to take place on June 17, 2025 to acquire the remaining shares. The filing reports no revenue, earnings or guidance figures, so the effect on Hyatt's results is not quantified here.
Key points
- Purchase price of $13.50 per Playa share in cash; 106,028,731 shares (about 86.2%) tendered by the end of the subsequent offering period on June 16, 2025
- Hyatt borrowed $1.7 billion on June 11, 2025 under its delayed draw term loan facility to fund the deal and repay Playa debt
- Playa's 15 all-inclusive resorts are being added to Hyatt's portfolio, including Secrets La Romana and Dreams Rose Hall
- Back-end merger scheduled for 6:00 p.m. New York City time on June 17, 2025; remaining Playa shareholders will receive tax information before statutory deadlines
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.