CHICAGO – Hyatt Lodges Company (the “Firm” or “Hyatt”) (NYSE: H) disclosed it has executed an exclusivity settlement with Playa Lodges & Resorts N.V. (“Playa”) (NASDAQ: PLYA) underneath which Playa has agreed to barter solely with Hyatt relating to potential strategic options, which can embody the acquisition of Playa by Hyatt.

Playa has been a useful accomplice for a few years, is likely one of the world’s strongest operators of all-inclusive resorts, and owns a premier portfolio of high-quality, high-end all-inclusive resorts in iconic areas and key markets throughout the Caribbean and Mexico. Strategic options into consideration may have compelling strategic advantage so as to add new incremental sturdy price streams for Hyatt. We stay steadfastly dedicated to our asset-light enterprise mannequin and if this course of continues, we are going to proceed to map out a transparent path for an asset-light end result for any strategic options we undertake. Mark S. Hoplamazian, President and Chief Govt Officer of Hyatt

There will be no assurances that any transaction will outcome from Hyatt’s unique discussions with Playa, or on what phrases. Hyatt doesn’t intend to remark additional on these discussions until and till a definitive settlement has been absolutely executed.

As required by federal securities legal guidelines, Hyatt, which is the useful proprietor of 9.99% of Playa’s excellent shares, has filed an modification to its Schedule 13D with the U.S. Securities and Alternate Fee to reveal these discussions.

About Hyatt Lodges Company

Hyatt Lodges Company, headquartered in Chicago, is a number one world hospitality firm guided by its goal – to take care of folks to allow them to be their finest. As of June 30, 2024, the Firm’s portfolio included greater than 1,350 inns and all-inclusive properties in 78 international locations throughout six continents. The Firm’s providing consists of manufacturers within the Timeless Assortment, together with Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Trip Membership®, Hyatt Place®, Hyatt Home®, Hyatt Studios, and UrCove; the Boundless Assortment, together with Miraval®, Alila®, Andaz®, Thompson Lodges®, Dream® Lodges, Hyatt Centric®, and Caption by Hyatt®; the Unbiased Assortment, together with The Unbound Assortment by Hyatt®, Vacation spot by Hyatt®, and JdV by Hyatt®; and the Inclusive Assortment, together with Impression by Secrets and techniques, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets and techniques® Resorts & Spas, Breathless Resorts & Spas®, Goals® Resorts & Spas, Hyatt Vivid Lodges & Resorts, Alua Lodges & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Firm function the World of Hyatt® loyalty program, ALG Holidays®, Mr & Mrs Smith™, Limitless Trip Membership®, Amstar DMC vacation spot administration companies, and Trisept Options® expertise companies. For extra data, please go to www.hyatt.com.

Ahead-Wanting Statements

Ahead-Wanting Statements on this press launch, which aren’t historic details, are forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995. In some instances, you may determine forward-looking statements by means of phrases corresponding to «could,» «may,» «anticipate,» «intend,» «plan,» «search,» «anticipate,» «consider,» «estimate,» «predict,» «potential,» «proceed,» «possible,» «will,» «would» and variations of those phrases and related expressions, or the damaging of those phrases or related expressions. Such forward-looking statements are essentially based mostly upon estimates and assumptions that, whereas thought of affordable when made, are inherently unsure, and are topic to quite a few assumptions and uncertainties, a lot of that are exterior of Kiraku, Inc. or Hyatt’s management, which may trigger precise outcomes, efficiency or achievements to vary materially from these expressed in or implied by such statements. Ahead-looking statements made on this press launch are made solely as of the date of their preliminary publication and neither celebration undertakes an obligation to publicly replace any of those forward-looking statements as precise occasions unfold, besides to the extent required by relevant legislation. If a number of forward-looking statements is up to date, no inference ought to be drawn that any extra updates might be made with respect to these or different forward-looking statements.

Franziska Weber
+1 312 780 6106
Hyatt