Jack Otter and the Barron’s Round Table panelists discuss the first three tips that investors should consider moving in next week.
Hyatt Hotels will buy Playa Hotels & Resorts for around $ 2.6 billion, including debt, net cash, the company said on Monday, wanting to increase its presence in Mexico and Caribbean.
The acquisition follows an increasing interest in top and luxurious offers outside the US because more Americans exploit a stronger dollar.
Playa leads 24 top -notch, comprehensive resorts across Mexico, Jamaica and Dominican Republic.
Hyatt, which owns a 9.4% stake in Playa, expects the agreement to close later this year. (Pavlo Gonchar/Sopa Images/Lightctics via Getty Images/Getty Images)
Hyatt offered $ 13.50 per Play section, which represented 40.5% of the premium for the last closing of December 20, before companies published talks about contracts. Playai’s shares on Monday rose by 2% in Prerarket Trading.
Hyatt, which owns a 9.4% stake in Playa, expects the agreement to close later this year.
It said he would identify third -estate -owned real estate customers and expects to receive at least two billion dollars from the sale of property by 2027.
This is a part of Hyatt’s business model of property, where the operator does not prefer to possess physical properties, but are managed by them or franchises.
