Provides Attractive 40% Premium to Playa Shareholders

Follows Playa's Deliberate and Comprehensive Review Process to Maximize Value

FAIRFAX, Va., Feb. 10, 2025 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company" or "Playa") today confirmed it has entered into an agreement with Hyatt Hotels Corporation (NYSE: H) ("Hyatt") under which an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa for $13.50 per share in cash.

"We are pleased to enter into this agreement with Hyatt and look forward to delivering the many benefits of the transaction to Playa's shareholders, guests, employees and other stakeholders," said Bruce D. Wardinski, Chairman and CEO of Playa Hotels & Resorts. "Following a deliberate and comprehensive review of opportunities, the Playa Board concluded that the proposed transaction with Hyatt is in the best interest of the Company. As a result of our robust process and engagement with a number of potential counterparties, we are confident that this transaction maximizes shareholder value. The transaction will deliver to Playa shareholders a 40% premium to the Company's unaffected stock price prior to the disclosure of exclusive discussions with Hyatt."

FAIRFAX, Va., Feb. 3, 2025 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company" or "Playa") previously announced it had entered into an exclusivity agreement with Hyatt Hotels Corporation (NYSE: H) ("Hyatt") regarding discussions between the parties of potential strategic options, which may include the acquisition of the Company by Hyatt. Playa today confirmed that the parties are extending the exclusivity agreement to 11:59 p.m. New York City time on February 10, 2025.

There can be no assurance that the Company and Hyatt will enter into a definitive agreement for a potential transaction and there is no assurance as to the form, terms or timing of any transaction even if an agreement is reached between the parties. The Company does not intend to comment further, unless and until it otherwise deems further disclosure is appropriate or required.

FAIRFAX, Va., Dec. 23, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company" or "Playa") today confirmed it has executed an exclusivity agreement with Hyatt Hotels Corporation (NYSE: H) ("Hyatt") under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic options, which may include the acquisition of the Company by Hyatt. The exclusivity agreement will remain in place until the earlier of the execution of a definitive agreement for such transaction or 11:59 p.m. New York City time on February 3, 2025.