Hyatt has also finalized a joint venture with Grupo Piñero to manage Bahia Principe Hotels & Resorts properties, adding 22 resorts and approximately 12,000 rooms to its portfolio. The company entered exclusive negotiations for a potential takeover of Playa Hotels & Resorts N.V., valued at $1.2 billion. In financial developments, Hyatt issued $600 million in senior notes, planning to use the proceeds to repay its existing debt due in 2025. Additionally, the Pritzker family stockholders are considering the sale of up to 15,360,573 restricted shares in the public market. Regarding analyst updates, Baird maintained a Neutral rating on Hyatt shares, acknowledging Hyatt's long-term licensing agreement with The Venetian Resort Las Vegas as a positive development expected to increase Hyatt's net unit growth by over 200 basis points. These are only some of the recent developments at Hyatt Hotels Corporation. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.