Hyatt extends offer for shares of Playa Hotels & Resorts

Hyatt Hotels (H) announced that HI Holdings Playa B.V., an indirect wholly owned subsidiary of Hyatt, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels & Resorts (PLYA) for $13.50 per share in cash, less any applicable withholding taxes and without interest. The offer is being made pursuant to the previously announced purchase agreement, dated February 9, 2025, among Hyatt, Buyer and Playa. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on June 9, 2025, unless the tender offer is further extended or earlier terminated in accordance with the Purchase Agreement. The tender offer will continue to be extended until all conditions are satisfied or waived, or until the tender offer is terminated, in either case pursuant to the terms of the Purchase Agreement and as described in the Schedule TO filed by Hyatt and Buyer with the U.S. SEC on February 24, 2025, as amended and supplemented.