Exhibit 99.1

Risks Related to the Playa Hotels Acquisition

Unless we have indicated otherwise, or the context otherwise requires, references to the terms “we,” “us,” or “our” or other similar terms mean Hyatt Hotels Corporation and its consolidated subsidiaries.

We expect to incur material expenses and indebtedness related to the Playa Hotels Acquisition.

We expect to incur material expenses and indebtedness in completing the acquisition of Playa Hotels & Resorts N.V. (“Playa Hotels” and the “Playa Hotels Acquisition”) and integrating the business, operations, practices, policies and procedures of Playa Hotels. While we have assumed that a certain level of transaction and integration expenses would be incurred, there are a number of factors beyond our control that could affect the total amount or the timing of integration expenses. Many of the expenses that will be incurred, by their nature, are difficult to estimate accurately at the present time. We also intend to finance a portion of the consideration for the Playa Hotels Acquisition through the incurrence of indebtedness, which will increase our debt service obligations and the risk of downgrade of our credit ratings by credit rating agencies. These additional expenses or indebtedness could have an adverse effect on us or our results of operations.

We may not realize the anticipated benefits from the pending Playa Hotels Acquisition.

The Playa Hotels Acquisition involves the combination of two companies that currently operate as independent companies. While we and Playa Hotels will continue to operate independently until the completion of the Playa Hotels Acquisition, the success of the Playa Hotels Acquisition will depend, in part, on our ability to realize the anticipated benefits from successfully combining our and Playa Hotels’ businesses after closing. We plan on devoting substantial management attention and resources to integrating our and Playa Hotels’ business practices so that we can fully realize the anticipated benefits of the Playa Hotels Acquisition. Nonetheless, the business and assets acquired may not be successful or continue to grow at the same rate as when operated independently or may require greater resources and investments than originally anticipated. The Playa Hotels Acquisition could also result in the assumption of unknown or contingent liabilities, and, because Playa Hotels operates in the same sector that we do, the Playa Hotels Acquisition could also exacerbate a number of risks that currently apply to us. Further, as part of our capital strategy, we plan to continue from time to time to sell certain real estate, including real estate acquired as part of the Playa Hotels Acquisition, subject to a management and hotel services agreement or franchise agreement, with the primary purpose of reinvesting the proceeds to support the growth of our business and to repay indebtedness. As we actively market and look to sell selected real estate assets, general economic conditions, rising interest rates, and/or property-specific issues may negatively affect real estate values, prevent us from selling real estate assets on acceptable terms or at expected values, or prevent us from selling real estate assets within committed timeframes.

Potential difficulties we may encounter following closing include the following:

Based on our preliminary purchase accounting estimates, a significant portion of the purchase price for the Playa Hotels Acquisition would be allocated to goodwill and intangible assets and we already hold a significant amount of these assets. On a quarterly basis, we evaluate our assets for impairment based on various factors, including actual operating results, trends of projected revenues and profitability, potential or actual terminations of underlying management and hotel services agreements and franchise agreements, pending third-party offers, and significant adverse changes in the business climate. If our acquisition of the Playa Hotels does not yield expected returns, we may be required to recognize additional impairment charges, which could materially adversely affect our reported results.

Any of these risks could adversely affect our ability to maintain relationships with customers, vendors, employees and other commercial relationships or adversely affect our or Playa Hotels’ future operational results. As a result, the anticipated benefits of the Playa Hotels Acquisition may not be realized or at all or may take longer to realize or cost more than expected, which could adversely affect our business, financial condition, results of operations and growth prospects. In addition, changes in laws and regulations could adversely impact our business, financial condition, results of operations and growth prospects after the Playa Hotels Acquisition.

The pending Playa Hotels Acquisition may not be completed on the currently contemplated timeline or terms, or at all.

Consummation of the Playa Hotels Acquisition is conditioned on, among other things, the receipt of certain consents and other approvals under the competition laws of various jurisdictions. Neither we nor Playa Hotels can provide assurance that the conditions to completing the Playa Hotels Acquisition will be satisfied or waived, and accordingly, that the Playa Hotels Acquisition will be completed on the terms or timeline that the parties anticipate or at all. If any condition to the Playa Hotels Acquisition is not satisfied, it could delay or prevent the Playa Hotels Acquisition from occurring, which could negatively impact our business, financial condition, results of operations and growth prospects.

Failure to complete the pending Playa Hotels Acquisition could have an adverse effect on us.

Either we or Playa Hotels may terminate the Purchase Agreement in specified circumstances. If the Playa Hotels Acquisition is not completed, our business, financial condition, results of operations and growth prospects may be adversely affected and, without realizing any of the benefits of having completed the Playa Hotels Acquisition, we will be subject to a number of risks, including the following:

Any of these risks could adversely affect our business, financial condition, results of operations and growth prospects, and impact our ability to meaningfully increase the percentage of revenues and earnings we generate from fees. Similarly, delays in the completion of the Playa Hotels Acquisition could, among other things, result in additional transaction costs, loss of revenue or other negative effects associated with delay and uncertainty about the completion of the Playa Hotels Acquisition and could adversely affect our business, financial condition, results of operations and growth prospects.

The pendency of the Playa Hotels Acquisition could adversely affect our and/or Playa Hotels’ businesses and operations.

In connection with the pending Playa Hotels Acquisition, some customers, vendors or other parties with commercial relationships with each of us and the Playa Hotels may delay or defer decisions, which could adversely affect the revenues, earnings, cash flows and expenses of us and Playa Hotels, regardless of whether the Playa Hotels Acquisition is completed. In addition, due to operating covenants in the Purchase Agreement, Playa Hotels may be unable (without our prior written consent), during the pendency of the Playa Hotels Acquisition, to pursue strategic transactions, undertake significant capital projects, undertake certain significant financing transactions and otherwise pursue other actions outside the ordinary course, even if such actions would prove beneficial.

Exhibit 99.3

HYATT HOTELS CORPORATION AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

On February 9, 2025, Hyatt Hotels Corporation (“Hyatt”) agreed to acquire all of the outstanding shares of Playa Hotels & Resorts N.V. (“Playa”), a leading owner, operator, and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations. Pursuant to the purchase agreement, Hyatt has commenced a tender offer (the “Transaction”) to purchase all of the issued and outstanding ordinary shares at a cash price of $13.50 per share, for an enterprise value of approximately $2.6 billion, including approximately $900 million of debt, net of cash acquired. Hyatt is currently the beneficial owner of 9.4% of Playa’s outstanding shares. The transaction is expected to be funded with new debt financing.

Unless otherwise specified or required by the context, references in this report to “we,” “our,” “us,” “Hyatt,” and the “Company” refer to Hyatt Hotels Corporation, a Delaware corporation, and its consolidated subsidiaries. Throughout this report, the accompanying unaudited pro forma condensed combined financial information and associated adjustments are referred to as the “pro forma balance sheet,” the “pro forma income statement,” and the “notes to the pro forma financial information,” collectively, the “pro forma financial information.” The pro forma financial information is condensed and unaudited, and also combined, except where such information by its presentation or context applies only to Hyatt or Playa. The pro forma balance sheet gives effect to the Transaction and related adjustments, as described below and in the notes to the pro forma financial information, as if they had been completed on December 31, 2024, and the pro forma income statement gives effect to the Transaction and related adjustments as if they had occurred on January 1, 2024.

This pro forma financial information has been prepared based on the following historical consolidated financial statements of Hyatt and Playa:

The pro forma financial information should be read in conjunction with the audited consolidated financial statements and accompanying notes of both companies.

The pro forma financial information has been prepared in accordance with Article 11 of Securities Exchange Commission (“SEC”) Regulation S-X and should be read together with the accompanying notes (the “Notes”). Such Notes describe the assumptions and estimates related to the adjustments to the pro forma financial information.

Description of the Transaction

Pursuant to the purchase agreement, Hyatt, through an indirect wholly owned subsidiary, has commenced a tender offer to purchase all of the issued and outstanding ordinary shares, par value EUR 0.10 per share, of Playa (the “Shares”) at a cash price of $13.50 per share (the “Offer Consideration”), without interest and subject to any required tax withholding. The offer will remain open until 9:00 a.m. (New York City time) on the day that is (i) 21 business days from the commencement of the offer or (ii) six business days after the date of the extraordinary general meeting of the shareholders of Playa, whichever is later, unless the offer is extended. The time at which the offer expires (taking into account any extensions) is referred to as the “Expiration Time.”

If the conditions to the settlement of the offer are satisfied, Hyatt will commence a subsequent offering period (the “Subsequent Offering Period”) on the first business day after the Expiration Time. Pursuant to the Subsequent Offering Period, Hyatt will offer to purchase additional shares at the Offer Consideration, without interest and subject to any required tax withholding, for a period of five business days. It is expected that, promptly following settlement of the Subsequent Offering Period (the “Subsequent Closing”), Playa will become an indirect wholly owned subsidiary of Hyatt through a corporate reorganization involving Playa and its subsidiaries. Accordingly, Playa will no longer be a publicly traded company, the listing of the Shares on NASDAQ will be terminated and the Shares will be deregistered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), resulting in the cessation of Playa’s reporting obligations with respect to the Shares.

Hyatt’s obligation to purchase Shares pursuant to the offer is subject to the satisfaction or waiver of various usual and customary conditions, as disclosed in Form 8-K announcing the signing of the purchase agreement and filed with the SEC on February 10, 2025 (“Initial Form 8-K”).

If, at any then-scheduled expiration time, any conditions of the offer have not been satisfied or waived by Hyatt, Hyatt must, subject to certain exceptions, extend the offer in consecutive periods of up to ten business days in order to permit the satisfaction of such conditions. If Hyatt determines at any then-scheduled expiration time that the conditions of the offer are not reasonably likely to be satisfied within a ten business day extension period, then Hyatt may choose to extend the offer for up to 20 business days instead. Hyatt is not required to extend the offer beyond October 9, 2025.

As it relates to unvested Playa equity awards outstanding, the purchase agreement provides for both cash settlement and Hyatt replacement awards to be issued for various employees. Details are disclosed in the Initial Form 8-K.

Description of the Transaction Financing and Disposition Adjustments

Transaction Financing—As a result of the Transaction, we anticipate the need for approximately $2,700 million of debt financing (“Transaction Financing”). The timing and form of borrowings is expected to include a $1,700 million senior unsecured 3-year delayed draw term loan (the “Delayed Draw Term Facility”) and $1,000 million in senior unsecured notes (the “Senior Notes”). Hyatt has also secured commitments for a $2,700 million senior unsecured 364-day bridge loan facility (the “Bridge Facility”), which would be drawn, subject to conditions, in the event that the proceeds of the Delayed Draw Term Facility and the Senior Notes are less than $2,700 million.

The Delayed Draw Term Facility is expected, based on current market conditions, to have an interest rate of Secured Overnight Financing Rate (“SOFR”) plus 1.175%, payable at least quarterly. Net proceeds from any future asset sales, whether the acquired properties from Playa or existing Hyatt assets, must be used to repay the Delayed Draw Term Facility. Aggregate repayments, either voluntary or mandatory, must be at least $500 million in principal amount by the beginning of the third year of the facility.

We expect other terms to be comparable to our existing senior unsecured notes.

Dispositions—Hyatt and Playa’s historical consolidated financial statements as of and for the year ended December 31, 2024 include the effects of several dispositions. We adjusted for certain of these dispositions in the pro forma financial information (see Note 5).

HYATT HOTELS CORPORATION AND SUBSIDIARIES

NOTES TO PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

(Amounts in millions of dollars, except share and per share amounts)

(Unaudited)

The table below includes a preliminary reconciliation of Playa’s historical balance sheet to Hyatt’s presentation at December 31, 2024:

The table below includes a preliminary reconciliation of Playa’s historical income statement to Hyatt’s presentation for the year ended December 31, 2024:

Total Transaction consideration was estimated as follows:

In accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations, the Transaction will be accounted for using the acquisition method of accounting, with Hyatt as the acquirer and Playa as the acquiree. Hyatt estimated the fair value of Playa’s assets acquired and liabilities assumed using the fair value concepts defined in ASC 820, Fair Value Measurement. Under ASC 805, all assets acquired and liabilities assumed in a business combination are recognized and measured at their assumed acquisition date fair value, while transaction costs associated with the business combination are expensed as incurred. The excess of the Transaction consideration over the estimated fair value of assets acquired and liabilities assumed, if any, is allocated to goodwill.

The allocation of the aggregate Transaction consideration depends on certain estimates and assumptions, all of which are preliminary. Hyatt intends to finalize valuations upon completion of the Transaction and will finalize the purchase price allocation as soon as practicable within the measurement period, but in no event later than one year following the Transaction close. The assets and liabilities of Playa have been measured based on various preliminary estimates using assumptions that Hyatt management believes are reasonable based on currently available information. Accordingly, the pro forma adjustments are preliminary and have been made solely for the purpose of providing this pro forma financial information. Differences between these preliminary estimates and the final purchase accounting will occur, and the final purchase accounting could be materially different from the preliminary estimates used to prepare the accompanying pro forma financial information and could have a material impact on the combined company’s future results of operations and financial position.

The following table summarizes the preliminary fair value of the net assets to be acquired and the liabilities to be assumed:

The estimated goodwill is attributable to the growth opportunities we expect to realize by introducing the Playa hotel properties to our all-inclusive platform offerings, including our distribution and destination management services, as well as the Unlimited Vacation Club business that we manage. Goodwill is not expected to be tax deductible.

The adjustment to cash and cash equivalents on the pro forma balance sheet at December 31, 2024 consists of the following:

The following table summarizes the estimated fair values, weighted-average useful lives, and depreciation expense, which was calculated for the year ended December 31, 2024 using the straight-line method, of the property and equipment acquired by Hyatt. The fair value was estimated using a market approach and market participant assumptions.

These preliminary estimates of fair value and estimated weighted-average useful lives will likely differ once the Transaction is closed and the purchase price allocation is finalized. A 10% change in the fair value of property and equipment would increase or decrease depreciation expense on the pro forma income statement by approximately $8 million for the year ended December 31, 2024.

The following table summarizes the estimated fair values, useful lives, and amortization expense, which was calculated for the year ended December 31, 2024 using the straight-line method, of the identifiable intangible assets acquired by Hyatt. The fair values were estimated based on available information as of date of this filing using discounted future cash flow models, which include revenue projections based on the expected contract terms and long-term growth rates.

These preliminary estimates of fair value and estimated useful lives will likely differ once the Transaction is closed and the purchase price allocation is finalized. A 10% change in the fair value of intangible assets would increase or decrease amortization expense on the pro forma income statement by approximately $2 million for the year ended December 31, 2024.

The adjustment to other assets on the pro forma balance sheet at December 31, 2024 consists of the following:

The $13 million adjustment to long-term contract liabilities on the pro forma balance sheet at December 31, 2024 relates to Playa’s historical deferred revenue related to key money received that will be eliminated as a part of acquisition accounting.

The adjustment to equity on the pro forma balance sheet at December 31, 2024 consists of the following:

During the year ended December 31, 2024, Playa paid Hyatt fees associated with the franchise agreements of Playa resorts operating under the Hyatt Ziva and Hyatt Zilara brands. The following table summarizes the adjustments to the pro forma financial information to eliminate this historical activity, which are intercompany transactions of the combined company.

As described in the Initial Form 8-K, the purchase agreement provides for unvested outstanding Playa share-based payment awards to be either paid out in cash or replaced with Hyatt share-based payment awards. For both cash payments to terminating employees and replacement awards issued, the post-combination value was estimated based on the number of unvested awards that Playa employees are entitled to in accordance with the purchase agreement, the offer price of $13.50 per share, the original service period of the award, and the remaining required service period post-Transaction, if any. The fair value of the cash-settled awards associated with post-combination service, which is non-recurring, will be recognized immediately in general and administrative expenses at Transaction close, as Hyatt accelerated the vesting for these employees. The value of the replacement awards issued by Hyatt and associated with post-combination service will be recognized in general and administrative expenses over the remaining service period, which is between 1-3 years.