Hyatt Hotels Corporation has extended its cash tender offer to acquire all outstanding shares of Playa Hotels & Resorts N.V. for $13.50 per share in cash, excluding applicable taxes and interest. The offer was originally launched under a purchase agreement dated 9 February 2025 and is now set to expire on 9 June 2025 at 5:00 p.m. New York time, unless further extended or terminated.
Current Shareholder Participation & Offer Progress
Hyatt, through its indirect subsidiary, HI Holdings Playa B.V., has secured valid tenders for approximately 85% of Playa’s outstanding shares as of 23 May 2025. This includes Hyatt’s previously held 12.1 million shares in the company. An additional 620,453 shares have been tendered under guaranteed delivery procedures, increasing total participation to 85.5% of outstanding shares.
Shareholders who have already submitted shares do not need to take further action due to the extension. The offer will remain open until Hyatt completes all required approvals and conditions outlined in the purchase agreement and regulatory filings.
Regulatory Approvals & Compliance Requirements
Hyatt’s acquisition is subject to several important regulatory conditions, including:
- Approval of anti-competition filings under Mexico’s Economic Competition Federal Law.
- Clearance under relevant antitrust and competition regulations across jurisdictions.
- Satisfaction of other legal and procedural requirements outlined in SEC filings.
Hyatt has confirmed that the tender offer will continue to be extended until all necessary conditions are met, ensuring a smooth and compliant acquisition process.
Strategic Growth & Expansion for Hyatt
This acquisition aligns with Hyatt’s long-term business strategy to expand its resort portfolio, strengthen market presence in key vacation destinations, and deliver high-quality hospitality experiences. Playa Hotels & Resorts operates properties in sought-after leisure markets, making this acquisition a significant addition to Hyatt’s global footprint.
Next Steps in the Tender Offer
Hyatt will continue monitoring shareholder participation and regulatory approvals while ensuring compliance with international competition laws. Investors and shareholders will be updated accordingly based on progress in regulatory filings.
By extending the tender offer, Hyatt remains committed to completing the acquisition. It’s strategic investments in hospitality, and further enhancing its premium resort offerings.
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