As of September 30, 2025, Hyatt Hotels Corporation completed the acquisition of Playa Hotels & Resorts N.V. for a cash price of $13.50 per share. The acquisition primarily consisted of 15 owned all-inclusive resorts across Mexico, the Dominican Republic, and Jamaica. Following the acquisition, the unaudited pro forma condensed combined financial information showed several key changes in the financial metrics of Hyatt Hotels Corporation and its subsidiaries.
In the unaudited pro forma condensed combined income statement for the nine months ended September 30, 2025, the total revenues amounted to $5,166 million, reflecting adjustments for transaction accounting, financing, dispositions, and probable dispositions. This was a notable change from the historical revenues of $5,312 million for the same period in 2024. The net income attributable to Hyatt Hotels Corporation for the nine months ended September 30, 2025, was reported at a loss of $105 million, compared to a loss of $32 million for the same period in 2024.
Looking at the unaudited pro forma condensed combined balance sheet as of September 30, 2025, the total current assets were adjusted to $1,977 million, reflecting changes due to the probable disposition of assets. This figure was lower than the historical current assets of $2,117 million reported for the same period in 2024.
Furthermore, the press release mentioned the issuance of $500 million of 5.050% senior notes due 2028 and $500 million of 5.750% senior notes due 2032 as part of the transaction financing. The net proceeds from the issuance were approximately $990 million, and the interest on these notes is payable semi-annually.
Additionally, Hyatt entered into a definitive agreement to sell the entirety of the Playa Portfolio for $2,000 million, inclusive of a $200 million preferred equity investment in the third-party entity that will own the properties. This probable disposition is expected to close by the end of 2025, subject to regulatory approval in Mexico and other customary closing conditions.
The press release provided detailed financial information reflecting the impact of the Playa Hotels & Resorts N.V. acquisition and subsequent financial adjustments on Hyatt Hotels Corporation and its subsidiaries. Today the company's shares have moved 0.12% to a price of $152.30. Check out the company's full 8-K submission here.
