Hyatt Concludes Initial Tender with 82.8% Playa Participation; Subsequent Offer Open Through June 16
(IN SHORT) Hyatt Hotels Corporation confirmed that 101.9 million Playa Hotels & Resorts shares (82.8% of the outstanding total) were validly tendered by the June 9, 2025 deadline, together with Hyatt’s existing 12.1 million shares bringing total participation to 92.7%, thus meeting all conditions for its $13.50-per-share tender offer (≈$2.6 billion). The subsequent offer period is open until June 16, 2025 (11:59 p.m. NYC), during which shareholders may irrevocably tender additional shares. Playa’s shares will be suspended on Nasdaq before trading begins June 16. Detailed offer materials are filed on the SEC’s website and available via Hyatt’s and Playa’s investor relations channels.
(PRESS RELEASE) CHICAGO, 2025-Jun-11 — /Travel PR News/ — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) announced that, as of the 5:00 p.m. New York City deadline on June 9, 2025, holders of 101,891,119 Playa Hotels & Resorts N.V. (“Playa”) (NASDAQ: PLYA) shares—excluding 2,365,586 shares tendered under guaranteed delivery—had validly tendered and not withdrawn their shares. These tendered shares represent roughly 82.8% of Playa’s total outstanding shares. When combined with the 12,143,621 Playa shares already owned by Hyatt and its affiliates as of that date, the total equates to approximately 92.7% of Playa’s issued shares, comfortably satisfying the minimum tender condition for Hyatt’s previously announced offer of $13.50 per share (approximately $2.6 billion, inclusive of ~$900 million of net debt). All properly tendered shares are expected to be accepted and paid for around June 11, 2025.
With the satisfaction of the initial conditions, Hyatt has launched the subsequent offering period, which runs until 11:59 p.m. (NYC time) on June 16, 2025. Shareholders who have not yet participated may still tender their shares during this period; any shares tendered in the subsequent round are irrevocable. Playa’s ordinary shares are slated for suspension from trading on the Nasdaq before the market opens on June 16, 2025.
About Hyatt Hotels Corporation
Based in Chicago, Hyatt is a global hospitality leader committed to caring for people so they can be their best. As of March 31, 2025, Hyatt’s portfolio comprised over 1,450 hotels and all-inclusive properties in 79 countries across six continents, spanning luxury, lifestyle, Inclusive Collection, Classics, and Essentials portfolios. Hyatt also operates the World of Hyatt loyalty program and several travel services businesses. Visit www.hyatt.com.
About Playa Hotels & Resorts N.V.
Playa (NASDAQ: PLYA) owns, operates, and develops all-inclusive resorts in prime beachfront locations across Mexico, Jamaica, and the Dominican Republic. By leveraging brand partnerships and direct customer relationships, Playa delivers exceptional guest experiences and drives repeat business. For more information, see www.playaresorts.com.
Additional Information
This release is informational only and does not substitute the formal tender offer documents filed with the U.S. Securities and Exchange Commission, including the Schedule TO and Schedule 14D-9. Investors and Playa shareholders should read these materials carefully, as they contain important details about the offer. These documents are available free of charge at www.sec.gov, Hyatt’s investor site (investors.hyatt.com), and Playa’s investor site (investors.playaresorts.com). Shareholders may also request materials via the information agent at (866) 828-4304 (toll-free), (210) 664-3693, or HyattOffer@georgeson.com.
Media Contact:
Hyatt Media Contact:
Franziska Weber
franziska.weber@hyatt.com
Hyatt Investor Contacts:
Adam Rohman
adam.rohman@hyatt.com
Ryan Nuckols
ryan.nuckols@hyatt.com
SOURCE: Hyatt Corporation
