Latham & Watkins Represents Hyatt Hotels in US$2.6 Billion Transaction to Acquire Playa

Hyatt Hotels Corporation (NYSE: H), has announced that Hyatt has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts N.V. (NASDAQ: PLYA, Playa) for US$13.50 per share, or approximately US$2.6 billion, including approximately US$900 million of debt, net of cash. Playa is a leading owner and operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica, and Hyatt is currently the beneficial owner of 9.4% of Playa’s outstanding shares. The acquisition is anticipated to close later this year, subject to Playa shareholder and regulatory approval as well as other customary closing conditions.

Latham & Watkins LLP represents Hyatt in the transaction with a corporate deal team led by partners Jonathan Solomon and Michael Pucker and counsel Emily Stegich, with associates Valentina Oliver, Leah Beukelman, Cyrie Wilson, Kelsey MacKinnon, and Tanisha Mugwimi. Advice was provided on capital markets matters by partners Cathy Birkeland, Roderick Branch, and Alexa Berlin, and counsel Manasi Bhattacharyya, with associates Andrew Rutsky, Chelsea Carlson, and Meg Tompkins; on securities regulatory matters by partners Michele Anderson, Brian Miller, and John Sikora, with associate Jay Winkelman; on finance matters by partner Cindy Caillavet Sinclair and counsel Katherine Stork, with associate Jessica Purohit; on tax matters by partners Diana Doyle and Nicholas DeNovio, with associates Michael Zucker and Valerie Silva Parra; on employee benefits matters by partner Larry Seymour, with associates Megan Ampe, Kayla Snyder,* and Iryna Onyshchenko; on labor and employment matters by partner Nineveh Alkhas, with associate Jocelyn Wexler; on data privacy matters by counsel Robert Brown, with associates Calum Docherty and Priyanka Krishnamurthy; on intellectual property and litigation matters by partner Matthew Walch; on real estate matters by partner Rachel Bates and counsel Margaret Linkous, with associates Chris McAdam, Ariel Redlich, Elizabeth Barras, and Brooke Rubinstein; on environmental matters by partner Karl Karg; on sanctions matters by counsel Andrew Galdes, with associate Katherine Ryan; on anti-bribery and corruption matters by partner Meredith Monroe, with associate Lucas Novaes; on US antitrust matters by partners Amanda Reeves and Peter Todaro, with associate Alexandra Kandalaft; and on non-US antitrust and FDI matters by partner Héctor Armengod and counsel Philipp Studt, with associate Jérôme de Ponsay.

*Admitted to practice in Massachusetts only.