Playa Hotels & Resorts Announces Commencement of Exchange Offer and Consent Solicitation Relating to its Warrants
(WorldNews Netherlands)

FAIRFAX, Va., May 22, 2017 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts N.V. (NASDAQ:PLYA) (the `Company`) announced today that it has commenced an exchange offer (the `Offer`) and consent solicitation (the `Consent Solicitation`) relating to certain of its outstanding Warrants (as defined below). The purpose of the Offer and Consent Solicitation is to simplify the Company`s corporate structure and reduce the potential dilutive impact of the Warrants, thereby providing the Company with more flexibility for financing its operations in the future. The Offer and Consent Solicitation are being made pursuant to a Prospectus/Offer to Exchange dated May 22, 2017, and the Company`s Schedule TO, dated...