Hyatt Hotels Stock Price, News & Analysis

Hyatt Hotels (NYSE: H) announced the first phase opening of Hotel La Compañía del Valle in Panama's Valle De Antón, part of The Unbound Collection by Hyatt. The luxury art and wellness-focused hotel currently offers 40 guestrooms, with 30 more planned to debut by May 2025.

Located 50 miles west of Panama City at 2,000 feet above sea level within an extinct volcano crater, the hotel features a unique sculpture park with over 200 art pieces, and will include an 18,000 sq. ft. Elysium Spa opening in May 2025. The property offers multiple dining venues led by Executive Chef Patrice Jaumon, including Tiempo, Fuego, and Terra restaurants.

Starting rates are $325 per night, and World of Hyatt members can earn 500 Bonus Points for qualifying stays from February 18 to May 30, 2025. The hotel provides over 11,000 square feet of event space and offers exclusive transportation to its sister property in Casco Antiguo.

Hyatt Hotels (NYSE: H) reported its Q4 and full-year 2024 results, highlighting several key achievements. The company saw a 5.0% RevPAR growth in Q4 and 4.6% for the full year 2024. Net rooms growth reached 7.8% for 2024. The company reported a net loss of $56 million in Q4 but achieved a net income of $1,296 million for the full year.

Notable financial metrics include Adjusted EBITDA of $255 million in Q4 and $1,096 million for the full year. The company actively returned capital to shareholders, repurchasing approximately 8 million shares for $1,190 million and returning total $1,250 million through dividends and share repurchases in 2024.

For 2025, Hyatt projects RevPAR growth of 2.0% to 4.0%, net rooms growth of 6.0% to 7.0%, and Adjusted EBITDA between $1,100 million and $1,150 million. The company also announced plans to acquire Playa Hotels & Resorts for approximately $2.6 billion.

Hyatt Hotels (NYSE: H) has announced plans to acquire Playa Hotels & Resorts for $13.50 per share, totaling approximately $2.6 billion, including $900 million of debt. The acquisition will enhance Hyatt's all-inclusive platform, building on their existing 9.4% ownership of Playa's shares.

The deal will secure long-term management agreements for Hyatt's luxury all-inclusive Hyatt Ziva and Hyatt Zilara branded properties, while expanding distribution channels through ALG Vacations and Unlimited Vacation Club. Following its 2021 Apple Leisure Group acquisition and 2024 Grupo Piñero joint venture, this marks another significant step in Hyatt's all-inclusive portfolio growth.

Hyatt plans to maintain its asset-light model by identifying third-party buyers for Playa's owned properties, expecting to realize at least $2.0 billion in asset sales by 2027. The company will initially fund the acquisition with new debt financing and aims to pay down over 80% of this debt through asset sales. The transaction is expected to close later this year, subject to regulatory and shareholder approval.

Playa Hotels & Resorts (NASDAQ: PLYA) has announced an agreement to be acquired by Hyatt Hotels (NYSE: H) in an all-cash transaction valued at $13.50 per share. The deal represents a 40% premium to Playa's unaffected stock price prior to the disclosure of exclusive discussions with Hyatt.

The acquisition follows a comprehensive review process by Playa to maximize shareholder value, involving engagement with multiple potential counterparties. The transaction, expected to close later in 2024, is subject to Playa shareholder and regulatory approvals, along with other customary closing conditions.

Bruce D. Wardinski, Chairman and CEO of Playa Hotels & Resorts, emphasized the longstanding partnership with Hyatt and highlighted how the combination of Playa's beachfront luxury properties and Hyatt's operational excellence has transformed the all-inclusive experience. PJT Partners LP is serving as financial advisor to Playa, with Hogan Lovells and NautaDutilh N.V. as legal counsel.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced an extension of its exclusivity agreement with Hyatt Hotels (NYSE: H) until February 10, 2025, at 11:59 p.m. New York City time. The extension relates to ongoing discussions about potential strategic options, including a possible acquisition of Playa by Hyatt.

The company emphasized that there is no guarantee of reaching a definitive agreement or completing any transaction. Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others. PJT Partners LP is serving as financial advisor, with Hogan Lovells as legal counsel.

Hyatt Hotels (NYSE: H) has announced an extension of its exclusivity agreement with Playa Hotels & Resorts N.V. (NASDAQ: PLYA) through February 10, 2025. The agreement maintains Playa's commitment to negotiate exclusively with Hyatt regarding potential strategic alternatives, which could include Hyatt acquiring Playa.

As of September 30, 2024, Hyatt's portfolio encompasses more than 1,350 hotels and all-inclusive properties across 79 countries on six continents. The company's portfolio includes multiple brands across various segments: Luxury Portfolio, Lifestyle Portfolio, Inclusive Portfolio, Classics Portfolio, and Essentials Portfolio.

Hyatt Hotels (NYSE: H) has announced plans to debut its first Destination by Hyatt brand hotel in Mississippi. The Okhissa Lake Lodge, set to open in 2027, will be situated on a 1,200-acre spring-fed lake in Franklin County, offering access to 190,000 acres of the Homochitto National Forest.

The development will feature a 200-room lodge including cabin suites, a 1,000-person conference center, swimming pool with hot tub, spa, restaurants, and a boardwalk overlooking the marina. The project aims to boost economic development in Southwest Mississippi by providing well-paying jobs and enhancing tourism opportunities.

The Destination by Hyatt brand represents a collection of independent hotels designed to embody the true spirit of each location, offering immersive discoveries, authentic design, and warm service. This expansion marks another step in Hyatt's growth strategy and commitment to developing properties in new locations important to World of Hyatt members.

Hyatt Hotels (NYSE: H) announced a record pipeline of approximately 138,000 rooms as of year-end 2024, along with a strategic brand realignment into five distinct portfolios: Luxury, Lifestyle, Inclusive, Classics, and Essentials. The company's Lifestyle portfolio has grown significantly, with pipeline properties increasing by nearly 50% year-over-year following the acquisition of Standard International.

Key developments include the upcoming launch of Hyatt Studios, the company's new upper-midscale extended stay brand, with over 50 executed deals across 22 new markets. The first location is expected to open in Q1 2025 in Mobile, Alabama. Notable upcoming projects include Andaz Miami Beach, The Standard Brussels, and Park Hyatt Los Cabos.

The reorganization aims to enhance owner returns, accelerate growth, and better serve guest needs while strengthening the company's competitive position across all segments.

Hyatt Hotels (NYSE: H) has announced the timing for its fourth quarter and full year 2024 financial results release. The company will publish its results on Thursday, February 13, 2025, before market opening, followed by a conference call at 9:00 a.m. CT.

Stakeholders can participate through a simultaneous webcast accessible via investors.hyatt.com, which will remain available for 90 days. Alternatively, participants can join the live call using U.S. Toll-Free Number (800.715.9871) or International Toll Number (646.307.1963) with Conference ID 2303828. A replay will be available for one week starting February 13, 2025, at 12:00 p.m. CT.