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Playa Hotels & Resorts Announces the Re-Brandings of Dreams Puerto Vallarta and Dreams Cancun to Hyatt Ziva Puerto Vallarta and Hyatt Ziva Cancun

FAIRFAX, Va., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts B.V. (the "Company" or "Playa"), a leading owner, operator and developer of all-inclusive beach resorts, today announced the conversion and re-branding of Dreams Puerto Vallarta and Dreams Cancun to Hyatt Ziva Puerto Vallarta and Hyatt Ziva Cancun. Playa has owned both resorts since 2007. The resorts will close at the end of April 2014 and will undergo multi-million dollar upgrades and expansions before reopening in late 2014.

Earlier this year, Playa entered into an agreement with an affiliate of Hyatt Hotels Corporation to be the first franchisee and initial management company for Hyatt's new all-inclusive brands: Hyatt Zilara, which inspires adults to embrace new discoveries through activity-driven experiences; and Hyatt Ziva, which sets the stage to create unforgettable moments that delight, surprise and foster personal connections and stories among groups, families, friends, and soon-to-be friends.

Bruce Wardinski, CEO for Playa Hotels & Resorts B.V., said, "Both of the resorts in Puerto Vallarta and Cancun enjoy premier locations in strong markets for all-inclusive properties. Although we continue to value our relationship with AMResorts, which currently operates these resorts and manages several other properties that we own, we identified an immediate and long term advantage in converting these two resorts to the Hyatt Ziva brand."

Wardinski added, "As Hyatt Ziva Puerto Vallarta and Hyatt Ziva Cancun, our guests will be able to experience Hyatt's authentic hospitality. Hyatt is known worldwide as a leader in customer service, accommodations, and convention and incentive meeting facilities, as well as for its heritage of high quality food and beverage offerings. We are confident that we will continue to delight our existing resort clients while engaging travelers who may never have considered an all-inclusive experience."

About Hyatt Ziva Puerto Vallarta

Scheduled to reopen in the fourth quarter of 2014, Hyatt Ziva Puerto Vallarta includes 337 guestrooms and suites, all with ocean views. This AAA Four Diamond Resort is secluded in a tropical paradise, surrounded by a beautiful beach and lush tropical foliage. It is 40 minutes from Puerto Vallarta's International Airport. Guests may enjoy a selection of a la carte restaurants as well as an international buffet restaurant with chef cooking stations. Additional dining options include a pool side café and grill. There are lounges and bars for enjoyment and relaxation, as well as an expansive swimming area with a separate adult-only pool. Additional all-inclusive services include a complimentary children's club, activities throughout the day, and entertainment each evening. Guests may add to their experience with onsite spa services, as well as a selection of area tours, both for an additional fee. For meetings and events, the resort offers 8,500 square feet of meeting space which includes a ballroom that can accommodate up to 700 guests, and beautiful outdoor garden and beach venues perfect for weddings and special celebrations.

About Hyatt Ziva Cancun

Scheduled to reopen late in 2014, Hyatt Ziva Cancun includes 378 guestrooms and suites, tastefully decorated with contemporary Mexican design featuring marble and colonial mosaics, as well as a balcony or terrace. Located at the tip of Punta Cancun, surrounded on three sides by the beautiful Caribbean Sea, the resort features Delphinus, the first resort dolphinarium in Latin America. It is located just 30 minutes from Cancun International Airport. Guests may enjoy a selection of a la carte restaurants as well as an international buffet restaurant with chef cooking stations. Additional dining options include a pool side café and grill. There are lounges and bars for enjoyment and relaxation, as well as an expansive swimming area with a separate adult-only pool. Additional all-inclusive services include a complimentary children's club, activities throughout the day and entertainment each evening. Guests may add to their experience with onsite spa services, as well as a selection of area tours, both for an additional fee. For meetings and events the resort offers 6,100 square feet of meeting space which includes a ballroom that can accommodate up to 500 guests, and beautiful outdoor garden and beach venues perfect for weddings and special celebrations.

About Playa Hotels & Resorts:

Playa Hotels & Resorts B.V. is a leading owner, operator and developer of all-inclusive beach resorts. Playa's portfolio consists of a collection of thirteen premier resorts comprising 5,805-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 and, opening in 2014, Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Cancun. The Company also owns and operates three resorts under Playa's brands, The ROYAL and Gran, as well as five resorts in Mexico and the Dominican Republic that are managed by AMResorts under their Dreams and Secrets brands. 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 on an exclusive basis through 2018. For more information visit: www.playaresorts.com.

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.

CONTACT: MEDIA CONTACT: Gayle MacIntyre media@playaresorts.com 404.643.8222Source:Playa Hotels & Resorts