Hyatt expands in Caribbean, Mexico with $2.6 billion Playa Hotels acquisition
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Morgan Stanley Reiterates Equalweight Rating on Hyatt Hotels (H)
February 10, 2025 9:42 AM ESTMorgan Stanley analyst Stephen W Grambling reiterated an Equalweight rating and $157.00 price target on Hyatt Hotels (NYSE: H)
THe analyst comments "News: H announced this morning it entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts (PLYA). As a reminder, the company disclosed entering into an exclusivity agreement with Playa on 12/23/2024 to negotiate potential strategic alternatives with the company. H currently owns 9.4% of Playa's outstanding shares and will acquire the remaining for $13.50 per share (40% premium to closing price on 12/20/2024), equating to ~10.5x EV/EBITDA (vs. ~8.5 EV/EBITDA... More
Stifel Reiterates Hold Rating on Hyatt Hotels (H)
February 10, 2025 9:42 AM ESTStifel analyst Simon Yarmak reiterated a Hold rating and $157.50 price target on Hyatt Hotels (NYSE: H).
The analyst comments "H Acquiring PLYA. This morning, Hyatt Hotels announced it has entered into an agreement to acquire Playa Hotels & Resorts N.V. (PLYA, $12.94, NC) for $13.50... More
Truist on Playa Hotels & Resorts (PLYA): Hyatt (H) 'asset heavier at the moment but we see opportunity'
February 10, 2025 9:39 AM ESTTruist Securities analyst C. Patrick Scholes reiterated a Hold rating and $13.00 price target on Playa Hotels & Resorts (NASDAQ: PLYA).
The analyst comments "As has been highly speculated by investors, it was officially announced this morning that Hyatt will be acquiring Playa for... More
