PLAYA HOTELS Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

PLAYA HOTELS Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers

On May15, 2017, Playa Hotels Resorts N.V. (the Company) announced
that on May11, 2017, Ryan Hymel was appointed as Chief Financial
Officer, effective July1, 2017. Mr.Hymel, age 35, has held
several positions at the Company and its predecessor, including
as Senior Director of Treasury Planning from 2012 to 2014, as
Vice President of Treasury Planning from 2014 to 2016, and most
recently as Senior Vice President Treasurer. Mr.Hymel has over 15
years of experience working within the hospitality sector. He
began his career with the hotel management company Barcel
Crestline Corporation in 2004. Mr.Hymel holds a Bachelor of Arts
in economics from the University of Virginia and an MBA from
Georgetown University The McDonough School of Business.

There are no family relationships between Mr.Hymel and any
director, executive officer or person nominated or chosen by the
Company to become a director or executive officer and except for
compensation paid to Mr.Hymel for his service as an employee of
the Company, there have been no transactions between Mr.Hymel or
any of his immediate family members and the Company or any of its
subsidiaries.

Mr.Hymel will succeed Larry K. Harvey, who will retire from the
Company effective June30, 2017. Mr.Hymel has assumed the duties
of principal financial and accounting officer of the Company,
effective immediately. There wasno disagreementor dispute between
Mr.Harvey and the Company on any matter relating to the Company,
including its operations, accounting, financial reporting,
policies or practices,and the decision was based solely on
personal reasons.

to his employment agreement, his restricted stock award agreement
and a separation agreement he will enter into with the Company in
connection with his retirement, Mr.Harvey shall: (i)provide the
Company, as reasonably requested, assistance and cooperation with
respect to the transitioning of Mr.Harveys duties until
December31, 2017; (ii)provide the Company and its affiliates a
full and unconditional release from any and all claims, actions,
damages, liabilities and expenses; (iii)receive 12 months of
salary continuation payments at his current base salary;
(iv)continue to comply with applicable confidentiality
requirements, and comply for 12 months with applicable
non-competition and non-solicitation covenants; (v)receive $1,500
per month for 12 months (or until he becomes eligible to obtain
insurance coverage under another group insurance plan if sooner)
to help defray the costs of procuring health insurance coverage
(including COBRA); (vi)receive a pro-rata share of any
discretionary annual bonus to which he otherwise would have been
entitled to under his employment agreement for his services in
2017; and (vii)have the time-vesting provision of his outstanding
restricted stock award accelerated.

Item9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1 News release issued by Playa Hotels Resorts N.V. on May15,
2017.


About PLAYA HOTELS & RESORTS N.V. (NASDAQ:PLYA)

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica. The Company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Ziva and Hyatt Zilara Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. It also owns and operates three resorts under Playa’s brands, THE Royal and Gran Resorts, as well as five resorts in Mexico and the Dominican Republic that are managed by a third party. The Company also offers and organizes weddings and other events in their hotels.

PLAYA HOTELS & RESORTS N.V. (NASDAQ:PLYA) Recent Trading Information

PLAYA HOTELS & RESORTS N.V. (NASDAQ:PLYA) closed its last trading session down -0.03 at 10.39 with 258,303 shares trading hands.

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