Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers

Charles Floyd, a director of Playa Hotels & Resorts N.V. (the "Company"), who was designated by the binding nomination of HI Holdings Playa B.V. (an affiliate of Hyatt Hotels Corporation) pursuant to a shareholder agreement, submitted his resignation from the Company's board of directors on August 17, 2021, effective August 18, 2021, in order to avoid any perceived conflicts of interest resulting from Hyatt Hotels' recently proposed acquisition of Apple Leisure Group. There were no disagreements between Mr. Floyd and the Company. HI Holdings Playa B.V. and the Company have agreed that HI Holdings Playa B.V. will not designate a replacement director pursuant to the shareholder agreement, which is scheduled to expire in 2022.

Since 2013, the Company and Hyatt Hotels have been strategic partners in the development and management of all-inclusive resorts throughout the Caribbean and Mexico, and the Company is a significant franchisee of Hyatt Hotels with a growing portfolio of Hyatt Zilara and Hyatt Ziva resorts located in Mexico and the Caribbean. Hyatt, through HI Holdings, is also a significant shareholder of the Company, holding over 7.0% of the Company ordinary shares.

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