Hyatt Hotels announced a deal to acquire the remainder of Playa Hotels stock that it didn't already own. Learn about my views on this deal.

Hyatt Hotels has agreed to acquire Playa Hotels & Resorts for roughly $2.6 billion, including $900 million in debt.

While the transaction is expected to streamline operations for Hyatt and travel advisors alike, industry watchers say they are monitoring whether Hyatt can keep up with its rapid growth.

Jefferies weighed in on the impact of Hyatt Hotels Corporation (NYSE:H) acquiring Playa Hotels & Resorts for $2.6 billion this week. Playa's portfolio includes hig

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

Hyatt said it would acquire all-inclusive Playa Hotels & Resorts for $2.6 billion to gain Latin American resorts.

Hyatt Hotels Corporation H has announced an agreement stating the acquisition of Playa Hotels & Resorts N.V. PLYA in an all-cash transaction. Per the agreement, an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa Hotels for $13.