#United States #Fairfax #Playa Hotels #Nasdaq Delisting #Hyatt Acquisition

Playa Hotels & Resorts N.V. Receives Antitrust Approval for Hyatt Acquisition

Playa Hotels & Resorts N.V. (NASDAQ: PLYA), a prominent player in the hospitality sector, has successfully received the necessary approvals regarding anti-competition from Mexican authorities to finalize its acquisition by Hyatt Hotels Corporation. This move represents a significant milestone in Playa's ongoing efforts to align itself with one of the leading names in the hotel industry.

On June 6, 2025, Playa announced that it has completed all the regulatory requirements under the Ley Federal de Competencia Económica, which governs competition laws in Mexico. This approval was the last essential hurdle in Playa's transition into Hyatt's operational framework, paving the way for the completion of the tender offer initiated by Hyatt.

The tender offer is part of a purchase agreement established between Hyatt, Playa, and its indirect subsidiary, HI Holdings Playa B.V. As detailed in the announcement, Hyatt has proposed to acquire all outstanding ordinary shares of Playa, offering shareholders $13.50 per share in cash, after accounting for any necessary withholding taxes. The offer is set to expire at 5:00 p.m. on June 9, 2025.

Assuming that the minimum tender conditions are met as required by the tender offer statement, shareholders can anticipate that their shares will be accepted for payment by June 11, 2025. Furthermore, should these conditions be fulfilled, Hyatt plans to initiate a subsequent offering period to acquire any outstanding shares not yet tendered, which will last until June 16, 2025. A successful acquisition may allow Hyatt to gain full ownership of Playa by June 17, 2025.

In addition to the acquisition update, Playa has declared its intention to voluntarily delist its ordinary shares from Nasdaq, contingent on the outcome of the Hyatt tender offer. Should all conditions be met, Playa intends to submit a notification to the U.S. Securities and Exchange Commission regarding the removal from listing of its shares, likely by June 16, 2025.

Playa Hotels & Resorts, through its subsidiaries, has positioned itself as a leading operator of all-inclusive resorts across picturesque destinations in Mexico, Jamaica, and the Dominican Republic. With a dedication to delivering exceptional experiences and value to its guests, Playa leverages its extensive expertise in the all-inclusive resort market along with relationships with well-known hospitality brands.

As the company prepares for this pivotal transition in its corporate structure, stakeholders are encouraged to monitor developments closely, particularly regarding the tender offer and the related acquisition processes. For any inquiries or requests for information, Georgeson LLC is serving as the information agent for the tender offer, providing essential assistance to shareholders and financial institutions.

In conclusion, Playa’s acquisition by Hyatt marks a significant strategic move within the hospitality landscape, promising exciting opportunities for growth and enhanced customer experiences in the evolving market. Shareholders and industry analysts alike are eagerly watching as the June dates approach, and the outcome will likely redefine Playa's future direction under Hyatt’s umbrella.