HYATT HOTELS CORPORATION (NYSE:H) Files An 8-K Regulation FD Disclosure

HYATT HOTELS CORPORATION (NYSE:H) Files An 8-K Regulation FD Disclosure

Story continues below

Item7.01

Regulation FD Disclosure.

On March16, 2017, Hyatt Hotels Corporation (the Company) issued a
press release (i)revising its Adjusted EBITDA guidance for the
2017 fiscal year as a result of the full redemption of the
Companys preferred stock investment in Playa Hotels Resorts B.V.
(Playa) in connection with Playas business combination with Pace
Holdings Corporation and (ii)announcing that it has entered into
an accelerated share repurchase agreement (the ASR Agreement)
with Deutsche Bank AG, London Branch (DB) to repurchase an
aggregate of $300million of the Companys ClassA common stock (the
ASR Program). The ASR Agreement was entered into to the Companys
previously announced share repurchase authorization. Under the
ASR Agreement, DB is expected to make an initial delivery to the
Company no later than March22, 2017 of approximately 4.6million
shares of the Companys ClassA common stock, which represents 80%
of the payment amount divided by the closing price of the
Companys ClassA common stock on March15, 2017. The Company
anticipates that the initial shares will be received and retired
within approximately one week of the date of the ASR Agreement.

At the final settlement of the ASR Agreement, which is expected
to occur during the third quarter of 2017 (although the
completion date may be accelerated at DBs option during an
acceleration period prior to the scheduled termination date), DB
may be required to deliver additional shares of ClassA common
stock to the Company, or, under certain circumstances, the
Company may be required to deliver shares of its ClassA common
stock to DB or may elect to make a cash payment to DB, with the
number of shares to be delivered or the amount of such payment
based on the volume-weighted average price of the Companys ClassA
common stock during the term of the transaction, less a discount.
The terms of the ASR Program are subject to adjustment if the
Company were to enter into or announce certain types of
transactions or to take certain corporate actions. A copy of the
press release announcing the Companys revised 2017 fiscal year
guidance and ASR Program is furnished as Exhibit 99.1 and is
incorporated herein by reference.

The information in this Form 8-K and Exhibit 99.1 attached hereto
shall not be deemed filed for purposes of Section18 of the
Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section and shall not be deemed incorporated
by reference in any filing made by Hyatt Hotels Corporation under
the Securities Act of 1933 or the Securities Exchange Act of
1934, except as set forth by specific reference in such filing.

Item9.01 Financial Statements and Exhibits.

Exhibit Number

Exhibit Description

99.1 Hyatt Hotels Corporation Press Release, dated March16, 2017
(furnished to Item 7.01)

to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Hyatt Hotels Corporation
Date: March16, 2017 By:

/s/ Rena Hozore Reiss

Rena Hozore Reiss
Executive Vice President, General Counsel and Secretary

INDEX TO EXHIBITS

Exhibit

Number

Exhibit Description

99.1 Hyatt Hotels Corporation Press Release, dated March16, 2017
(furnished


About HYATT HOTELS CORPORATION (NYSE:H)

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties. The Company operates through four segments: Owned and leased hotels; Americas management and franchising; Southeast Asia, China, Australia, South Korea and Japan (ASPAC) management and franchising, and Europe, Africa, the Middle East and Southwest Asia (EAME/SW Asia) management. The Company’s hotel portfolio consists of approximately 600 properties (over 159,340 rooms). The Company’s full service hotels and resorts operate under six brands: Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric and Hyatt. The Company’s two select service brands include Hyatt Place and Hyatt House.

HYATT HOTELS CORPORATION (NYSE:H) Recent Trading Information

HYATT HOTELS CORPORATION (NYSE:H) closed its last trading session up +0.71 at 52.21 with 591,227 shares trading hands.

An ad to help with our costs