Playa Hotels & Resorts announced that all required approvals have been granted in relation to anti-competition filings for the pending sale to Hyatt Hotels Corporation.

The antitrust approval in Mexico was the final regulatory approval required to complete the transaction.?

Hyatt's tender offer to acquire all the outstanding ordinary shares of Playa for $13.50 per share in cash, less any applicable withholding taxes and without interest, is scheduled to expire at 5 p.m. ET on June 9.

The offer is being made under the previously announced purchase agreement, dated February 9, among Hyatt and Playa. Assuming the minimum tender and other offer conditions are satisfied, the tendered shares will be accepted for payment on June 11.

Following an offering period and the related transactions required by the Purchase Agreement, Playa expects that Hyatt will own all ordinary shares of Playa on or about June 17, 2025.

In addition, Playa also announced that it has submitted written notice to Nasdaq of its intention to delist its ordinary shares from Nasdaq voluntarily.?

The voluntary delisting is subject to and conditioned upon the expiration of the Hyatt tender offer as described above and the acquisition by Hyatt of all ordinary shares validly tendered and not withdrawn adequately by the purchase agreement.?

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