Hyatt Hotels Corporation Class A Stock News

CHICAGO & PALMA DE MALLORCA, Spain--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) today announced the completion of an agreement for affiliates of Hyatt and Grupo Piñero to enter a long-term, asset-light strategic joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The 50/50 joint ...

Hyatt Hotels is in talks to spend around $1.5 billion to buy publicly-traded Playa Hotels, but will likely sell them as part of its asset-light business model.

Hyatt Hotels is in exclusive talks regarding a potential takeover of Playa Hotels & Resorts N.V. among other strategic options for the $1.2 billion resort operator, the companies said on Monday.

Playa Hotels & Resorts NV's stock was rallying 11% in premarket trading on Monday after the company said it agreed to enter into exclusive strategic talks with Hyatt Hotels Corp. in a move that would boost the larger hotel chain's presence in Jamaica, Mexico and the Dominican Republic.

FAIRFAX, Va. , Dec. 23, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V.

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (the “Company” or “Hyatt”) (NYSE: H) today disclosed it has executed an exclusivity agreement with Playa Hotels & Resorts N.V. (“Playa”) (NASDAQ: PLYA) under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic alternatives, which may include the acquisition of Playa by Hyatt. Mark S. Hoplamazian, President a...

WASHINGTON--(BUSINESS WIRE)--Hyatt Regency Washington on Capitol Hill proudly announces its upcoming extensive renovation project, set to commence and conclude in 2025. This transformational endeavor will position the hotel as a premier destination for both accommodations and conventions, aligning with its commitment to excellence as it prepares to celebrate its 50th anniversary in 2026. Genera...

Hyatt Hotels gets upgraded to a buy from my prior hold rating, as a closer look at growth factors and travel demand spurs bullishness. A leader in the luxury hotel market, Hyatt is growing its hotel pipeline globally while having a lower debt-to-equity vs key hotel peers. Macro factors indicate continued travel demand, particularly in the upper-income market where Hyatt has a strong brand prese...