An undisclosed buyer completed the acquisition of Hyatt Regency Aruba Resort Spa and Casino from Hyatt Hotels Corporation (NYSE:H) for approximately $170 million.
February 08, 2024
Share
An undisclosed buyer signed a share purchase agreement to acquire Hyatt Regency Aruba Resort Spa and Casino from Hyatt Hotels Corporation (NYSE:H) for approximately $200 million During the year ended December 31, 2023. As part of the transaction, Hyatt Hotels Corporation provided approximately $41 million of seller financing.
An undisclosed buyer completed the acquisition of Hyatt Regency Aruba Resort Spa and Casino from Hyatt Hotels Corporation (NYSE:H) for approximately $170 million on February 9, 2024. The Hyatt Hotels received approximately $170 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $41 million unsecured financing receivable with a maturity date greater than one year.
Hyatt Hotels Corporation is a global hospitality company. The Companyâs portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. Its offering includes brands in the Timeless Collection, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Vacation Club, Hyatt Place, Hyatt House, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval, Alila, Andaz, Thompson Hotels, Dream Hotels, Hyatt Centric, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt, Destination by Hyatt, and JdV by Hyatt; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva, Hyatt Zilara, Zoetry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas.
An undisclosed buyer completed the acquisition of Hyatt Regency Aruba Resort Spa and Casino from Hyatt Hotels Corporation (NYSE: H) for approximately $170 million.
marketscreener.com**derivatives**en**/dynamic-chart/**Premium**Expert**Access**Annual**Monthly**Like the pros, access all the transcripts and spot the best opportunities before anyone else.**#ffffff**/services/solutions/**#004eff**#000000**Unlock them now!**1**