Completing $20M Expansion, Renovation and Conversion the Hyatt Ziva Puerto Vallarta, Mexico Opens

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. November 12, 2014

Ft. Lauderdale, FL / Puerto Vallarta, Mexico - November 12, 2014 - Playa Hotels & Resorts B.V. ("Playa"), a leading owner, operator and developer of all inclusive resorts in prime beachfront locations, is proud to announce the upcoming opening of Hyatt Ziva Puerto Vallarta, Mexico. The new all inclusive resort, which is scheduled to open December in time for the winter holiday season, is at the site of the former Dreams Puerto Vallarta. It is the culmination of an approximate $20 million expansion, renovation and repositioning that is intended to reinvent this resort destination in a way that brings effortless indulgence to the all inclusive vacation experience.

"Puerto Vallarta has long been regarded as one of the most romantic destinations in Mexico, and we believe that the resort's distinctive Service From The Heart™ and dedication to the evolution of all inclusive luxury will land Hyatt Ziva Puerto Vallarta as the top resort in this iconic destination," said Alex Stadlin, CEO of Playa Resorts Management. "We know that guests will delight in all the little unexpected pleasures such as tequila sommeliers, 24-hour in suite dining service with chef-designed menus, romantic fire pits to enjoy the evening with treats such as marshmallow roasts, world-class entertainment and activities, and for quiet moments, the butler service at the adult-only pool will refresh cocktails and offer cool indulgences like frozen fruit treats," added Mr. Stadlin.

To make a reservation or learn more, please visit: www.allinclusive.hyatt.com or call 800. 233.1234.

Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will, "should," "estimates" or "anticipates" or the negative thereof or comparable terminology. All forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual transactions, results, performance or achievements of the Company to be materially different from any future transactions, results, performance or achievements expressed or implied by such forward-looking statements. These may include: (i) national and local economic and business conditions or governmental regulations that will affect demand.

About Hyatt Ziva Puerto Vallarta

Hyatt Ziva Puerto Vallarta will be tucked away in a secluded tropical paradise on Puerto Vallarta's romantic Las Estacas Beach in what is known as the Golden Zone. Located on the southern coast of the Bahia de Banderas, the resort will be oceanfront, boasting its own cloistered beach-cove with 1,250 feet of beachfront on the sparkling Pacific Ocean. This idyllic setting is being completely recreated and redesigned to exceed the expectations of today's traveler. A new architecturally inspired lobby and greeting area will become the focal point of the resort, welcoming guests with a commanding ocean view and newly designed infinity pools.

Accommodations will include 336 spacious suites, featuring signature swim up suites, all styled for resort comfort with furnishings artfully arranged to capture the ocean views, and spa-style bathrooms with stone surfaces, walk-in showers and expansive double vanities.

Dining will be elevated to simply delicious with a selection of internationally infused a la carte restaurants and sumptuous buffet restaurants. Perfect for guests of all ages, Hyatt Ziva Puerto Vallarta will offer endless activities, a fitness center, entertainment and supervised children's activities. Adults will appreciate the adult-only pool and lounge area, as well as the imaginative array of specialty lounges and world class spa. For meetings and special events the resort will offer 9,900 sq. ft. of conference space, including a ballroom, plus beautiful outdoor gardens, and beach venues perfect for weddings and special celebrations. Hyatt Ziva Puerto Vallarta will be five minutes from the colonial town of Puerto Vallarta and 20 minutes from the area's international airport. Located in the Riviera Nayarit region of Mexico, Puerto Vallarta is on the west coast of Mexico on Banderas Bay and the Pacific Ocean. The landscape of the region is unlike any other in the country of Mexico. Mountains, jungle, beaches, rivers and waterfalls invite travelers of all ages to uncover its stunning treasures. Families, couples, and nature lovers can explore this destination where each activity, from whale watching to horseback riding, can create a true adventure.

About Playa Hotels & Resorts

Hyatt Ziva Puerto Vallarta is owned by Playa Hotels & Resorts, B.V. and managed by Playa Resorts Management, the operational management component of Playa Hotels & Resorts. Playa's portfolio consists of a collection of 14 premier hotels comprising 6,175-rooms that are located in prime beach locations in Mexico, the Dominican Republic and Jamaica. Playa owns and manages Hyatt Ziva Los Cabos, Hyatt Zilara Cancun, Hyatt Ziva and Hyatt Zilara in Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Cancun. The company also owns and operates 3 resorts under Playa's brands, The ROYAL and Gran, as well as 5 resorts in Mexico and the Dominican Republic that are managed by a third party. Under an agreement with an affiliate of Hyatt Hotels Corporation (NYSE: H), Playa will pursue the acquisition or development of new all inclusive resort opportunities under two new Hyatt all inclusive brands-Hyatt Ziva and Hyatt Zilara. Playa will also have certain rights to operate Hyatt-branded all inclusive resorts in five Latin American and Caribbean countries. For more information visit: www.playaresorts.com.