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Hyatt Hotels Corp. is set to acquire Playa Hotels & Resorts NV in a blockbuster $2.6 billion deal, further cementing its ...

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Hyatt already holds a 9.4% stake in Playa and offered to pay the hotel group $13.50 per share for the purchase.

Hospitality giant Hyatt will soon acquire Playa Hotels & Resorts for about $2.6 billion, the corporation announced on Monday.