
	Playa Hotels &amp; Resorts, B.V. was incorporated in Netherlands in 2013 as a Limited Liability Company. Playa is a privately-held company owned by a group of seven institutional investors.&nbsp;

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	Our Predecessor, Playa Hotels &amp; Resorts, S.L. was incorporated in Spain in 2006 as a Limited Liability Company and was owned by a group of five institutional investors.&nbsp;

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	In 2006, our Predecessor raised approximately $580 million from a group of institutional investors and acquired a portfolio of six all-inclusive resorts with more than 2,000 rooms. By 2009, our Predecessor had acquired 17 all-inclusive resorts; investing over $1.2 billion in acquisitions, development and re-branding of the portfolio.

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	Playa Hotels &amp; Resorts B.V. is a leading owner, operator and developer of all-inclusive beach resorts. Playa&rsquo;s goal is to create long-term value for our shareholders through the ownership, management, redevelopment, and repositioning of both adult-only and family friendly all-inclusive resorts in attractive markets that present moderate downside risk and long-term capital appreciation potential such as Mexico, the Dominican Republic, Costa Rica, Panama, Jamaica, Aruba, and the Bahamas.

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	Playa&rsquo;s current portfolio consists of thirteen resorts comprising 5,805 rooms located in Mexico, the Dominican Republic and Jamaica.

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	Playa currently self-manages four resorts and is focused on increasing self-management as it establishes a vertically integrated operating platform. Playa intends to self-manage six properties by the end of 2013 and eight by the end of 2014 following the completion of planned renovations and rebranding initiatives.

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	Playa has been granted the exclusive right to partner with Hyatt Hotels Corporation (NYSE: H), a global hospitality company in establishing two new all-inclusive resort Hyatt brands &ndash; Hyatt Zilara and Hyatt Ziva.
