Hospitality giant Hyatt will soon acquire Playa Hotels & Resorts for about $2.6 billion, the corporation announced on Monday. Currently, Hyatt owns 9.4% of Playa's shares and when the acquisition is complete,

Hyatt Hotels has announced that it has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts for approximately US$2.6 billion, including approximately $900 million of debt,

The hotel company is adding to its all-inclusive resort portfolio with Playa’s 24 properties, with plans to flip the assets