Hyatt Chief Executive Officer Mark Hoplamazian

Hyatt Chief Executive Officer Mark Hoplamazian

Jerome Favre/Bloomberg

While Hyatt Chief Executive Officer Mark Hoplamazian promised “significant renovations” to the beachfront hotels that can charge upwards of $6,000 a night for their most-expensive rooms, Moody’s Investors Service says Playa faces “intense competition” that could impair its ability to become more creditworthy.