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Hyatt unit to invest in all-inclusive resorts

A Hyatt subsidiary has closed on a deal to invest in Playa Hotels & Resorts, part of the company's plan to operate and develop a series of all-inclusive resorts in the Caribbean and Mexico, Caribbean Journal reported yesterday.

The company said the deal “allows Hyatt to increase its resort presence in Latin America and the Caribbean and create long-term value by providing a platform for future growth, as well as strong returns from common and preferred interests and recurring franchise fees.”

The Playa portfolio will include 13 properties and a total of 5,800 rooms in the Dominican Republic, Jamaica and Mexico.

Hyatt will be entering into a franchise agreement with six of the 13 resorts, which will operate as Hyatt properties.

Playa will have “certain exclusive rights” to operate Hyatt-branded resorts in the region through 2016.

The company said the first two Hyatt-branded resorts will be introduced later this year following renovations.

The properties will include the Barceló Los Cabos and THE ROYAL Cancún.

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Published August 16, 2013 at 9:00 am (Updated August 15, 2013 at 7:16 pm)

Hyatt unit to invest in all-inclusive resorts

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