Hyatt Hotels Corporation, a global hospitality leader, has announced the commencement of a cash tender offer to acquire all outstanding ordinary shares of Playa Hotels & Resorts N.V. (NASDAQ: PLYA) for $13.50 per share in cash, subject to applicable withholding taxes and without interest. The offer is being carried out through HI Holdings Playa B.V., an indirect wholly owned subsidiary of Hyatt, in accordance with the purchase agreement dated February 9, 2025, between Hyatt, the subsidiary, and Playa.

Playa, a leading owner and operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica, is currently 9.4% owned by Buyer.

The tender offer is scheduled to expire at 5:00 p.m. (New York City Time) on April 25, 2025, unless extended in line with the purchase agreement. The transaction is subject to various conditions, including regulatory approvals and a minimum tender threshold.

Hyatt has submitted a Schedule TO tender offer statement to the U.S. Securities and Exchange Commission (SEC), detailing the terms of the acquisition. Playa’s Board of Directors has endorsed the offer, encouraging shareholders to accept it, and will submit a Schedule 14D-9 in support of the transaction.

Tender offer documents, including Schedule TO, Schedule 14D-9, and the related letter of transmittal, are available at no cost. Shareholders can also contact the designated information agent, Georgeson LLC, for further details.

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