** Deutsche Bank trims stock rating for Playa Hotels & Resorts PLYA.O to "hold" from "buy"

** "We are downgrading PLYA following announcement that it has agreed to be acquired by Hyatt Hotels H.N for $13.50 per share in an all-cash transaction, as we note that the stock is trading within 2% of the takeout price" - brokerage

** Also cuts PT to $13.50 from $15

** Hyatt on Monday said it will buy PLYA for about $2.6 billion including debt, seeking to boost its presence in Mexico and the Caribbean

** One of 6 brokerages rate PLYA "buy" and 5 "hold"; their median PT is $13.25 - LSEG data

** In 2024, stock was up 46.2%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))