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Irish Examiner
09-07-2025
- Business
- Irish Examiner
Cairn Homes revenue falls to €280m in first half of 2025
Irish property developer Cairn Homes reported revenue of €280m in the first six months of 2025, down from €366m in the same period last year following a decline in the number of units delivered. In a trading statement published on Wednesday, the homebuilder reported revenue from around 700 units, which was down from 894 units in the first six months of 2024. The company reaffirmed its full-year guidance, forecasting revenue growth in excess of 10% and an operating profit of around €160m. The homebuilder welcomed strong private sales in the period, which increased its multi-year closed and forward order book to some 3,700 new homes with a net sale value of around €1.4bn. Cairn launched eight new schemes in the first six months of this year across Dublin, Kildare, Meath, Cork and Galway, with strong demand from its core First-Time Buyer (FTB) market. This included the launch of its first Croí Cónaithe approved apartment development in Douglas, Cork, with Cairn welcoming the Government initiative to support private ownership of apartments. The developer also announced continued progress in its land acquisition strategy and agreed to acquire land which will deliver around 2,000 homes, which will be primarily for FTBs in the medium term. It also said it has progressed joint venture arrangements and option agreements to secure an additional 1,500 units. Cairn said its board also intends to announce a 4.1c interim dividend per ordinary share at its interim results on September 3, 2025, an 8% increase compared to its full-year results for 2024. 'We have witnessed exceptional demand in the year to date, including in our numerous private sales launches this spring and early summer sales season," said chief executive Michael Stanley. "We were also encouraged to see such strong support for our first Croí Cónaithe development in Cork, from first-time buyers seeking affordable private ownership of apartments." The CEO also welcomed new amendments to apartment design guidelines announced by the Government this week, which he said will reduce costs and affordable rents for new cost-rental apartments. Shares in Cairn were up 0.23% on Wednesday morning from the previous close following the release of its half-year trading statement.
Time of India
30-06-2025
- Automotive
- Time of India
Evolving Indian consumer and their electric vehicle needs: A deep dive
Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd. This article is authored by Vivek Srivatsa , Chief Commercial Officer, Tata Passenger Electric Mobility Ltd India's transition to electric vehicles (EVs) is no longer merely a technology upgrade but represents a fundamental shift in the consumer psyche. What was once considered a niche or aspirational choice is now increasingly seen as a practical solution. While EVs find their way to the mainstream, they are getting adopted by an eco-friendly generation that is equally connected digitally. Beyond the appeal of sustainability, Indian consumers are evolving to seek a holistic value proposition that must offer great price, features, and utility with a balance to all. This change is being driven by growing trust in EV technology—from enhanced battery sizes and warranties to more reliable home and public charging infrastructures—is facilitating the bridge between interest and actual sales. With the system maturing, the actual cost of owning an EV is being realized and appreciated by growing numbers of purchasers. This trend is visible in the growing trend of EV adoption in the country. In FY 25, India saw the highest-ever sales for 4-wheeler EV sales, demonstrating what had been a curiosity or eco-motivated, niche purchase is now increasingly a practical, everyday option for more Indians. The Rise of the Responsible Buyer by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The future generation of consumers, is leading this change. They are educated, born-digital, and concerned about the long-term implications of what they purchase. To these consumers, an EV is not just a car but a part of their lifestyle. They would like their cars to offer them real-time battery status, app-based operation, smart navigation, and remote diagnostics. Furthermore, home charging and integration with renewable energy sources make it even more appealing. 2025 Tata Altroz review: Tata's Best Hatchback Yet? Although sustainability continues to be a fundamental driver, affordability and performance have now become the primary drivers of the EV buying decision. India's overall mobility ecosystem growth is also fueling the shift further. EVs are the ideal combination of affordability and low cost of maintenance for young professionals and urban families. With no tailpipe emissions and smart features onboard, EVs are equaling the demand for clean and intelligent city mobility. Consumers are also taking into account utility factors such as cost savings per kilometer, fewer maintenance issues, green loan and EMI eligibility, making the EVs cost-effective. With micro-transport modes and shared mobility gaining momentum, EVs are a greener and more efficient mode of transportation shaping the face of future urban mobility. From Aspirational to Practical and Powerful: Redefining EV Value The attitude towards EVs has similarly changed from a wishful product to a power-packed and smart, value-oriented choice. From being initially pioneered by environmentally conscious early adopters, those purchasing EVs today are smart tech savvy individuals, everyday professionals, families, and commuters in need of intelligent future-proof choices. Automakers are meeting this demand by providing EVs that arrive with segment-best features, longer battery ranges, and advanced safety features – all packaged at an affordable price-point but with more power and torque compared to their ICE counterparts. Price is still an important factor when it comes to EVs. Although the initial cost might tend to be higher in certain segments, the total cost of ownership – due to lower running costs, less maintenance, and greater fuel efficiency – pays for itself in the long run. Increased local manufacturing, growing competition, and high localization of components are in certain cases helping EVs achieve price parity against their ICE counterparts as demonstrated by a handful of manufacturers in the mass and premium segment. This helps makes the case of EVs more strong in the long run. Furthermore, today's customer expects their EV to outperform similar specced ICE vehicles with ease, owing to their technological evolution and superiority. With many fence-sitters claiming One Size Doesn't Fit All: Aligning with Diverse Needs India's consumer base is very diverse and this variety is now being seen in the EV offerings in the market. Automakers are moving from the one-size-fits-all approach and instead developing niche solutions for various user groups. For nuclear families and single urban professionals, small EV hatchbacks provide the ideal combination of affordability, ease of maneuverability, and convenience. These cars are best suited for short commutes and can be easily charged at home. At the same time, bigger families and those traveling often between cities are turning towards electric multi-purpose vehicles and SUVs. Such models provide great space, more comfort, and strong battery capacity, making them ideal for everyday use as well as long drives. The growing availability of highway charging stations and real-time range prediction tools is also reducing range anxiety and building confidence. The market today is at the stage where a consumer can select an EV to suit their use case instead of modifying their lifestyle to suit the vehicle, this is an accurate representation of the category maturing with an evolving customer. Conclusion: The Road Ahead India's EV wave is picking up serious momentum. The shift is no longer a question of whether EVs will succeed—it's a matter of choosing which EV is best suited for certain lifestyles. With consumers increasingly sophisticated, purchasers now demand range, build quality, connectivity, and after-sales experience. They are also looking for flexible financing, faster charging options, and technology that aligns with their digital-first lives. Earlier hurdles—such as skepticism about safety and reliability—are gradually diminishing, thanks to improved standards and public awareness. However, concerns still remain around battery life and the availability of charging infrastructure, which continue to shape consumer choices. The carmakers who are able to deliver on these fronts without compromising on price will power the next stage of EV adoption in India. In so many ways, the EV revolution in India is no longer being driven by policy or innovation—it's being led by a forward-looking, value-conscious, and confident consumer class. These are the kind of people who don't just worry about what a car can do; they worry about what it stands for. India's electric future will be determined by their decisions, and the challenge—and the opportunity—for the industry is to stay ahead of their shifting expectations. Times Group or its employees. Discover everything about the automotive world at Times of India .
CNBC
27-05-2025
- Business
- CNBC
Circle IPO has peculiar Facebook-like characteristic
Stablecoin issuer Circle stands to be one of the first significant cryptocurrency companies to go public in the U.S. That's not the only unusual aspect of its IPO. In Circle's updated prospectus on Tuesday, the company said it would sell 9.6 million shares in the offering, while existing shareholders would sell 14.4 million shares. It's exceedingly rare in a tech IPO for more shares to come from investors than the company. Facebook was one of the few notable exceptions. In the social network's massive 2012 IPO, which raised a then-record $16 billion, 57% of the shares were sold by existing stakeholders. Circle is even higher at 60%. Circle, the company behind the popular USDC stablecoin, didn't provide a reason for its decision, and a spokesperson declined to comment. The company is profitable, having generated $64.8 million in net income in the latest quarter. It had almost $850 million in cash and equivalents, and stands to raise another $240 million in the IPO, based on the midpoint of its expected range of $24 to $26 a share, according to Tuesday's filing. One reason for the hefty amount of insider sales is likely the extended stretch of meager returns for venture capital firms. After the market peaked in 2021, soaring inflation led to increased interest rates, pushing investors out of risk and forcing late-stage tech companies to forego IPOs, often slashing their valuations to raise money in the private market. Wall Street was bullish on an IPO boom when President Donald Trump took office in January, but few debuts have taken place. Add it all up, and Silicon Valley's tech investors are badly in need of liquidity. "Private investors are desperate for exists so they can distribute back to their investors," said Lise Buyer, founder of IPO consultancy Class V Group, though she said she isn't certain of the company's motivations. "It probably reflects a multiyear drought in IPOs and a strong desire by early investors to get some liquidity." Circle CEO Jeremy Allaire, who co-founded the company in 2013, is offloading about 8% of his stake, selling 1.58 million shares, according to the prospectus. Sean Neville, a co-founder and former co-CEO, is slated to sell 11%, as is finance chief Jeremy Fox-Green. Venture firms Accel, Breyer Capital, General Catalyst, IDG Capital, and Oak Investment Partners are all scheduled to sell about 10% of their stock. While insider sales could present a troubling signal to Wall Street, Buyer said the investors' remaining holdings show they're still expressing belief in the company. "The big guys are holding enough so they still have skin in the game, so that shouldn't alarm investors," Buyer said. For most tech IPOs over the years, the percentage of float coming from investors has been significantly below half. In Reddit's IPO, insiders sold 31% of the shares. The percentage was 36% for online grocery delivery company Instacart in 2023. Sometimes it's much less than that. CoreWeave, a former cryptocurrency miner that now rents out Nvidia chips, went public in March, with executives and other shareholders making up 2.4% of the shares sold. Back in December 2020, Airbnb investors accounted for about 3% of IPO shares, and in DoorDash's IPO that same week, existing investors didn't sell any stock. During times when IPOs are hot and stocks are flying after their debut, investors are incentivized to hold and pocket the gains after the lockup period expires. That's not today's market, which helps explain why half the shares sold in stock brokerage firm eToro's IPO earlier this month came from existing investors. Exit activity for U.S. VCs rose almost 35% last year to $98 billion after hitting the lowest in a decade in 2023, according to the National Venture Capital Association and PitchBook. The peak was over $750 billion in 2021. "This continuation of the post-2021 liquidity drought highlights persistent issues around exit pathways and investor behavior," the NVCA wrote in its annual yearbook, which was published in March. In some cases, companies need insiders to sell stock just so there's enough float for there to be a market for trading. If Circle wasn't including investors in its share sale, it would be offering less than 5% of outstanding shares to the public. For eToro that number was 7%.
Associated Press
27-05-2025
- Business
- Associated Press
Hyatt Extends Tender Offer For All Outstanding Ordinary Shares of Playa Hotels & Resorts N.V.
CHICAGO--(BUSINESS WIRE)--May 27, 2025-- Hyatt Hotels Corporation ('Hyatt' or the 'Company') (NYSE: H), a leading global hospitality company, announced today that HI Holdings Playa B.V., an indirect wholly owned subsidiary of Hyatt ('Buyer'), has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels & Resorts N.V. ('Playa') (NASDAQ: 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 (the 'Purchase Agreement'), 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. Securities and Exchange Commission on February 24, 2025, as amended and supplemented. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO. This includes approvals relating to anti-competition filings under Ley Federal de Competencia Económica—Economic Competition Federal Law of Mexico and any other applicable laws relating to antitrust or competition regulation. For purposes of the minimum tender condition, the 92,458,066 Playa ordinary shares (excluding 620,453 Playa ordinary shares tendered pursuant to guaranteed delivery procedures) reported to us by Computershare Trust Company, N.A., the depositary for the tender offer, as validly tendered and not properly withdrawn as of 5:00 p.m., New York City time, on May 23, 2025, the last business day prior to the announcement of the extension of the offer, together with the 12,143,621 Shares owned by Buyer as of May 23, 2025, represents approximately 85% of the outstanding Shares (or approximately 85.5% including the guaranteed delivery shares). Shareholders who have already tendered their Playa ordinary shares do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer. Georgeson LLC is acting as information agent for the tender offer. Requests for documents and questions regarding the tender offer may be directed to Georgeson LLC by telephone, toll free at (866) 828-4304 for shareholders or collect at (210) 664-3693 for banks and brokers or by email at [email protected] . About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2025, the Company's portfolio included more than 1,450 hotels and all-inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Luxury Portfolio , including Park Hyatt ®, Alila ®, Miraval ®, Impression by Secrets , and The Unbound Collection by Hyatt ®; the Lifestyle Portfolio , including Andaz ®, Thompson Hotels ®, The Standard ®, Dream ® Hotels , The StandardX , Breathless Resorts & Spas ®, JdV by Hyatt ®, Bunkhouse ® Hotels , and Me and All Hotels ; the Inclusive Collection , including Zoëtry ® Wellness & Spa Resorts , Hyatt Ziva ®, Hyatt Zilara ®, Secrets ® Resorts & Spas , Dreams ® Resorts & Spas , Hyatt Vivid Hotels & Resorts , Sunscape ® Resorts & Spas , Alua Hotels & Resorts ®, and Bahia Principe Hotels & Resorts ; the Classics Portfolio , including Grand Hyatt ®, Hyatt Regency ®, Destination by Hyatt ®, Hyatt Centric ®, Hyatt Vacation Club ®, and Hyatt ®; and the Essentials Portfolio , including Caption by Hyatt ®, Hyatt Place ®, Hyatt House ®, Hyatt Studios , Hyatt Select , and UrCove . Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit . About Playa Hotels & Resorts N.V. Playa Hotels & Resorts N.V., through its subsidiaries (NASDAQ: PLYA, 'Playa'), is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in Mexico, Jamaica and the Dominican Republic. Playa currently owns and/or manages a total portfolio consisting of 22 resorts (8,342 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hospitality brands to provide a best-in-class experience and exceptional value to guests, while building a direct relationship to improve customer acquisition cost and drive repeat business. For more information, please visit . Additional Information and Where to Find It This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell ordinary shares of Playa or any other securities, nor is it a substitute for the tender offer materials that Buyer filed with the SEC upon the commencement of the tender offer. Buyer has filed with the SEC a tender offer statement on Schedule TO (the 'Tender Offer Statement') and Playa has filed with the SEC a solicitation/recommendation statement on Schedule 14D-9 (the 'Solicitation/Recommendation Statement') with respect to the tender offer. THE TENDER OFFER STATEMENT (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 CONTAIN IMPORTANT INFORMATION. PLAYA'S SHAREHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY (AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME) BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF PLAYA'S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER. The Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents), as well as the Solicitation/Recommendation Statement, are available to all holders of Playa's ordinary shares at no expense to them. The Tender Offer Statement and the Solicitation/Recommendation Statement are available for free at the SEC's website at . Copies of the documents filed by the Buyer with the SEC will also be available free of charge on Hyatt's Investor Relations site at Copies of the documents filed by Playa with the SEC will also be available free of charge on Playa's website at or by contacting Playa's investor relations department at [email protected] . In addition, Playa shareholders may obtain free copies of the tender offer materials by contacting the information agent for the tender offer by telephone at (866) 828-4304 (toll free) or (210) 664-3693 (non-toll free), or by email at [email protected] . Forward-Looking Statements This press release contains certain 'forward-looking statements,' which statements are not historical facts, relating to Hyatt, Playa and the proposed acquisition. These statements include, but are not limited to: statements about the proposed acquisition and the expected timeline for completing the acquisition; approvals of the acquisition; ability to consummate and finance the acquisition; method of financing the acquisition; integration of the acquisition; future operations or benefits; future business and financial performance; and outcomes of the proposed acquisition involve known and unknown risks that are difficult to predict. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'seek,' 'likely,' 'forecast,' 'estimate,' 'continue,' 'intend,' 'may,' 'could,' 'plan,' 'project,' 'predict,' 'should,' 'would,' 'will' and variations of these terms and similar expressions, or the negative of these terms or similar expressions, are intended to identify such forward-looking statements. Such forward-looking statements are necessarily based upon estimates and assumptions available to us as of the date the statements are made, which are inherently uncertain. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements due to various known and unknown risks and uncertainties. Factors that may cause actual results, performance or achievements to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed acquisition may have on us, Playa and our respective business and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we or they do business; inability to obtain required regulatory or government approvals or to obtain such approvals on satisfactory conditions; inability to obtain sufficient shareholder tender of Playa ordinary shares, shareholder approval or to satisfy other closing conditions; inability to obtain financing; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; the effects that any termination of the definitive agreement may have on us or our business; failure to successfully complete the proposed acquisition; legal proceedings that may be instituted related to the proposed acquisition; significant and unexpected costs, charges or expenses related to the proposed acquisition; risks associated with potential divestitures, including of Playa real estate or business; ability or failure to successfully integrate the acquisition with existing operations; ability to realize anticipated synergies or obtain the results anticipated; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the financial condition of, and our and Playa's relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; our ability to successfully execute our strategy to expand our management and hotels services and franchising business while at the same time reducing Playa's real estate asset base within targeted timeframes and at expected values; our and Playa's ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of real estate assets; unforeseen terminations of management and hotels services or franchise agreements; risks associated with changing, or the introduction of new, brand concepts, including lack of acceptance of different or new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we and Playa operate; violations of regulations or laws related to our or Playa's franchising businesses, licensing businesses or international operations; and other risks discussed in our filings with the SEC, including our most recently filed annual report on Form 10-K and subsequent quarterly reports filed on Form 10-Q, which filings are incorporated herein by reference and available from the SEC's website at , and in other documents that we may file with or furnish to the SEC. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements or otherwise, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. HHC-FIN View source version on CONTACT: For further information: Hyatt Media Contact: Franziska Weber [email protected] Hyatt Investor Contacts: Adam Rohman [email protected] Ryan Nuckols [email protected] KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER TRAVEL LODGING TRAVEL VACATION SOURCE: Hyatt Hotels Corporation Copyright Business Wire 2025. PUB: 05/27/2025 06:30 AM/DISC: 05/27/2025 06:29 AM
Business Wire
28-04-2025
- Business
- Business Wire
Hyatt Extends Tender Offer For All Outstanding Ordinary Shares of Playa Hotels & Resorts N.V.
CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation ('Hyatt' or the 'Company') (NYSE: H), a leading global hospitality company, announced today that HI Holdings Playa B.V., an indirect wholly owned subsidiary of Hyatt ('Buyer'), has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels & Resorts N.V. ('Playa') (NASDAQ: 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 (the 'Purchase Agreement'), among Hyatt, Buyer and Playa. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on May 23, 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. Securities and Exchange Commission on February 24, 2025, as amended and supplemented. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO. For purposes of the minimum tender condition, the 83,491,904 Playa ordinary shares (excluding 2,425,261 Playa ordinary shares tendered pursuant to guaranteed delivery procedures) reported to us by Computershare Trust Company, N.A., the depositary for the tender offer, as validly tendered and not properly withdrawn as of 5:00 p.m., New York City time, on April 25, 2025, the last business day prior to the announcement of the extension of the offer, together with the 12,143,621 Shares owned by Buyer as of April 25, 2025, represents approximately 75% of the outstanding Shares (or approximately 77% including the guaranteed delivery shares). Shareholders who have already tendered their Playa ordinary shares do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer. Georgeson LLC is acting as information agent for the tender offer. Requests for documents and questions regarding the tender offer may be directed to Georgeson LLC by telephone, toll free at (866) 828-4304 for shareholders or collect at (210) 664-3693 for banks and brokers or by email at HyattOffer@ About Hyatt Hotels Corporation Hyatt Hotels Corporation (NYSE: H), headquartered in Chicago, is a leading global hospitality company guided by its purpose - to care for people so they can be their best. As of December 31, 2024, the Company's portfolio included more than 1,400 hotels and all-inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt ®, Alila ®, Miraval ®, Impression by Secrets, and The Unbound Collection by Hyatt ®; the Lifestyle Portfolio, including Andaz ®, Thompson Hotels ®, The Standard ®, Dream ® Hotels, The StandardX, Breathless Resorts & Spas ®, JdV by Hyatt ®, Bunkhouse ® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry ® Wellness & Spa Resorts, Hyatt Ziva ®, Hyatt Zilara ®, Secrets ® Resorts & Spas, Dreams ® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape ® Resorts & Spas, and Alua Hotels & Resorts ®; the Classics Portfolio, including Grand Hyatt ®, Hyatt Regency ®, Destination by Hyatt ®, Hyatt Centric ®, Hyatt Vacation Club ®, and Hyatt ®; and the Essentials Portfolio, including Caption by Hyatt ®, Hyatt Place ®, Hyatt House ®, Hyatt Studios, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit About Playa Hotels & Resorts N.V. Playa Hotels & Resorts N.V., through its subsidiaries (NASDAQ: PLYA, 'Playa'), is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in Mexico, Jamaica and the Dominican Republic. Playa currently owns and/or manages a total portfolio consisting of 22 resorts (8,342 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hospitality brands to provide a best-in-class experience and exceptional value to guests, while building a direct relationship to improve customer acquisition cost and drive repeat business. For more information, please visit Additional Information and Where to Find It This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell ordinary shares of Playa or any other securities, nor is it a substitute for the tender offer materials that Buyer filed with the SEC upon the commencement of the tender offer. Buyer has filed with the SEC a tender offer statement on Schedule TO (the 'Tender Offer Statement') and Playa has filed with the SEC a solicitation/recommendation statement on Schedule 14D-9 (the 'Solicitation/Recommendation Statement') with respect to the tender offer. THE TENDER OFFER STATEMENT (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 CONTAIN IMPORTANT INFORMATION. PLAYA'S SHAREHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY (AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME) BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF PLAYA'S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER. The Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents), as well as the Solicitation/Recommendation Statement, are available to all holders of Playa's ordinary shares at no expense to them. The Tender Offer Statement and the Solicitation/Recommendation Statement are available for free at the SEC's website at Copies of the documents filed by the Buyer with the SEC will also be available free of charge on Hyatt's Investor Relations site at Copies of the documents filed by Playa with the SEC will also be available free of charge on Playa's website at or by contacting Playa's investor relations department at ir@ In addition, Playa shareholders may obtain free copies of the tender offer materials by contacting the information agent for the tender offer by telephone at (866) 828-4304 (toll free) or (210) 664-3693 (non-toll free), or by email at HyattOffer@ Forward-Looking Statements This press release contains certain 'forward-looking statements,' which statements are not historical facts, relating to Hyatt, Playa and the proposed acquisition. These statements include, but are not limited to: statements about the proposed acquisition and the expected timeline for completing the acquisition; approvals of the acquisition; ability to consummate and finance the acquisition; method of financing the acquisition; integration of the acquisition; future operations or benefits; future business and financial performance; and outcomes of the proposed acquisition involve known and unknown risks that are difficult to predict. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'seek,' 'likely,' 'forecast,' 'estimate,' 'continue,' 'intend,' 'may,' 'could,' 'plan,' 'project,' 'predict,' 'should,' 'would,' 'will' and variations of these terms and similar expressions, or the negative of these terms or similar expressions, are intended to identify such forward-looking statements. Such forward-looking statements are necessarily based upon estimates and assumptions available to us as of the date the statements are made, which are inherently uncertain. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements due to various known and unknown risks and uncertainties. Factors that may cause actual results, performance or achievements to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed acquisition may have on us, Playa and our respective business and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we or they do business; inability to obtain required regulatory or government approvals or to obtain such approvals on satisfactory conditions; inability to obtain sufficient shareholder tender of Playa ordinary shares, shareholder approval or to satisfy other closing conditions; inability to obtain financing; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; the effects that any termination of the definitive agreement may have on us or our business; failure to successfully complete the proposed acquisition; legal proceedings that may be instituted related to the proposed acquisition; significant and unexpected costs, charges or expenses related to the proposed acquisition; risks associated with potential divestitures, including of Playa real estate or business; ability or failure to successfully integrate the acquisition with existing operations; ability to realize anticipated synergies or obtain the results anticipated; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the financial condition of, and our and Playa's relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; our ability to successfully execute our strategy to expand our management and hotels services and franchising business while at the same time reducing Playa's real estate asset base within targeted timeframes and at expected values; our and Playa's ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of real estate assets; unforeseen terminations of management and hotels services or franchise agreements; risks associated with changing, or the introduction of new, brand concepts, including lack of acceptance of different or new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we and Playa operate; violations of regulations or laws related to our or Playa's franchising businesses, licensing businesses or international operations; and other risks discussed in our filings with the SEC, including our most recently filed annual report on Form 10-K and subsequent quarterly reports filed on Form 10-Q, which filings are incorporated herein by reference and available from the SEC's website at and in other documents that we may file with or furnish to the SEC. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements or otherwise, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. HHC-FIN
