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Hogan Lovells advises Playa Hotels & Resorts N.V. in acquisition by Hyatt
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| 18
February
2025
Washington, D.C., 18 February 2025 – Global law firm Hogan Lovells is advising Playa Hotels & Resorts N.V. (NASDAQ: PLYA) ("Playa") in connection with its agreement with Hyatt Hotels Corporation under which an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa for US$13.50 per share, or approximately US$2.6 billion, including approximately US$900 million of debt, net of cash.
Playa through its subsidiaries is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in Mexico, Jamaica, and the Dominican Republic. Playa currently owns and/or manages a total portfolio consisting of 24 resorts under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts, and The Luxury Collection.
The acquisition is anticipated to close later this year, subject to Playa shareholder and regulatory approval as well as other customary closing conditions.
The Hogan Lovells team was led by partners Katherine Keeley (M&A, Washington, D.C.) and Michael McTiernan (Capital Markets, Washington, D.C.) with support from partners Paul Manca (M&A, Washington, D.C.), Jasper Howard (Tax, Pensions & Benefits, Washington, D.C.), Martha Steinman (Tax, Pensions & Benefits, New York), and George Ingham (Employment, Northern Virginia), counsel Weston Gaines (Capital Markets, Washington, D.C.), senior associates Alexander Hoffarth and Remington Ricciuti (both M&A, Washington, D.C.), Bothwell Graham (Tax, Pensions & Benefits, Washington, D.C.), and Zach Siegel (Employment, Philadelphia).
More information on the transaction can be found here.
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