 FAIRFAX, Va., Nov. 18, 2020 GLOBE NEWSWIRE -- Playa Hotels Resorts N.V. NASDAQ: PLYA Playa today announced the pricing of an upsized underwritten secondary offering of 13,575,739 of its Ordinary Shares by certain selling shareholders the Selling Shareholders affiliated with Farallon Capital Management, L.L.C. collectively, the Farallon Funds, at a public offering price of 4.10 per Ordinary Share, which is expected to result in gross proceeds to the Selling Shareholders of approximately 55.7 million assuming no exercise of the underwriters option to purchase up to 2,036,361 additional Ordinary Shares. The offering was upsized from the previously announced 12,500,000 Ordinary Shares. The offering is expected to close on November 23, 2020, subject to customary closing conditions. Upon consummation of the offering for the proposed number of shares offered, excluding any exercise of the option described above, the Farallon Funds aggregate beneficial ownership interest in Playa will be reduced to approximately 13. 