Hyatt Achieves Minimum Condition in Tender Offer to Acquire Playa Hotels & Resorts N.V.

Hyatt’s Successful Playa Hotels Acquisition

Hyatt Hotels Corporation has announced that 101,891,119 shares of Playa Hotels & Resorts N.V. were validly tendered and not withdrawn prior to the expiration of the initial offering period at 5:00 p.m. New York City time on June 9, 2025. This figure excludes 2,365,586 Playa ordinary shares that were tendered via guaranteed delivery procedures and represents approximately 82.8% of Playa’s outstanding shares.

For the purpose of meeting the minimum tender condition, the total number of validly tendered Playa ordinary shares, which were not properly withdrawn, combined with the 12,143,621 Playa ordinary shares owned by Hyatt and its affiliates as of June 9, 2025, accounts for approximately 92.7% of the outstanding Playa ordinary shares.

The minimum tender condition and other requirements of the previously announced tender offer to acquire Playa for $13.50 per share, totalling approximately $2.6 billion (which includes about $900 million of debt, net of cash), have been met. All shares that were validly tendered are expected to be accepted for payment around June 11, 2025.

Hyatt has announced that the subsequent offering period has begun. Playa shareholders who have not yet tendered their shares can still do so during this period, which will end at 11:59 p.m. New York City time on June 16, 2025. Please note that any Playa shares tendered during the subsequent offering period cannot be withdrawn. Additionally, Playa ordinary shares are expected to be suspended from trading on the Nasdaq before the market opens on June 16, 2025.