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

While the transaction is expected to streamline operations for Hyatt and travel advisors alike, industry watchers say they ...

Playa is owner and operator of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica. Hyatt is currently the beneficial owner of 9.4 per cent of Playa’s outstanding shares.

The discussions focused on expanding investment in Jamaica’s tourism sector, including the development of more hotel rooms, job creation, and broader opportunities for Jamaicans. Hyatt and Grupo ...