Hyatt Hotels Corporation has made a notable move involving its subsidiary, HI Holdings Playa B.V., by entering into an amendment to a Purchase Agreement with Playa Hotels & Resorts N.V. The amendment, signed on May 16, 2025, clarifies details regarding Company Restricted Shares related to a tender offer currently being conducted by HI Holdings Playa B.V. According to the amendment, these shares, which cannot be tendered, are excluded from Playa's issued and outstanding share capital when determining the "Minimum Condition" in the Purchase Agreement. This adjustment ensures clarity in the ongoing transaction process.
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