Hyatt Hotels Corporation announced on Monday that it agreed to purchase Playa Hotels & Resorts N.V. for $13.50 per share, or approximately $2.6 billion, including nearly $900 million of debt, net of cash, in a bid to expand its business in Mexico and the Caribbean. "Hyatt has firmly established itself...
Hyatt revealed in a statement on Monday the hotel chain will restructure roles in its global corporate functions, laying off 1,300 of its employees around the world.
The decision will take effect on June 1 and was made due to the COVID-19 pandemic reducing travel demand, the statement explained,...
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