Hyatt Announces Redemption of $290 Million Playa Preferred Stock Investment; Commences $300 Million Accelerated Share Repurchase; Updates 2017 Outlook

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CHICAGO (March 16, 2017) — In connection with the March 11, 2017 business combination of Playa Hotels & Resorts B.V. (“Playa”) and Pace Holdings Corporation (“Pace”), Hyatt Hotels Corporation

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