Hyatt discloses exclusive discussions with playa hotels & resorts n.v.

Chicago--(business wire)--hyatt hotels corporation (the “company” or “hyatt”) (nyse: h) today disclosed it has executed an exclusivity agreement with playa hotels & resorts n.v. (“playa”) (nasdaq: plya) under which playa has agreed to negotiate exclusively with hyatt regarding potential strategic alternatives, which may include the acquisition of playa by hyatt. mark s. hoplamazian, president and chief executive officer of hyatt, said, "playa has been a valuable partner for many years, is o.
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