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.

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. The acquisition follows rising interest in upscale and luxury offerings outside the U.