The all-inclusive market is one of the driving forces behind tourism in Mexico and the Caribbean, and it seems Hyatt Hotel Corp now wants a piece of the action. The Wall Street Journal is reporting that Hyatt is looking to spend $325 million to take a 20 percent stake to buy shares of Playa Hotels & Resorts B.V.
"The all-inclusive segment has grown rapidly over the past 20 years," Stephen Haggerty, global head of real estate and capital strategy for Hyatt tells The Wall Street Journal.
There are 13 resorts in the Playa portfolio, and Hyatt will sign on for six of them, which will operate under Hyatt brands after necessary renovations are completed. Keep a lookout in Mexico, as that is where the company noted its first two all-inclusive resorts will be. Four more are slated for Jamaica, the Dominican Republic and Mexico in 2014 and 2015.
Read the Wall Street Journal story here.