Hyatt considers acquiring Playa Hotels & Resorts amid industry expansion

A move to acquire Playa would strengthen Hyatt's position as a leader among legacy hotel brands in the all-inclusive sector. This comes shortly after Hyatt's partnership with Grupo Pinero, which increased its all-inclusive offerings by 30%.

Mark Hoplamazian, CEO of Hyatt, stated: "Playa has been a valuable partner for many years... Strategic alternatives under consideration could have compelling strategic merit to add new incremental durable fee streams for Hyatt." He emphasized that any strategic moves would align with their asset-light business model.

While the outcome of these talks remains uncertain, Hyatt noted it "does not intend to comment further on these discussions unless and until a definitive agreement has been fully executed." The expansion into all-inclusive resorts is evident as competitors like Marriott, Hilton, IHG, and Wyndham are also involved with some of Playa's properties.

The developments around this potential acquisition will likely be closely watched by industry observers as each company aims to maintain or expand its presence in the growing all-inclusive resort market.