Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hyatt Hotels Corp
 2. Date of Event Requiring Statement (Month/Day/Year)
03/11/2017		 3. Issuer Name and Ticker or Trading Symbol
Playa Hotels & Resorts N.V. [PLYA]
(Last)
(First)
(Middle)
71 SOUTH WACKER DRIVE, 12TH FLOOR, 		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHICAGO, IL 60606		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Ordinary Shares 11,969,741
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to buy)   (2)   (2) Ordinary Shares 579,602 $ (2) I See Footnote (1)
Warrants (right to buy)   (3)   (3) Ordinary Shares 237,110 $ (3) I See Footnote (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hyatt Hotels Corp
71 SOUTH WACKER DRIVE, 12TH FLOOR
CHICAGO, IL 60606		     X    
HI Holdings Playa B.V.
HERIKERBERGWEG 238
1101 CM
AMSTERDAM, P7 		     X    
AIC Holding Co.
71 SOUTH WACKER DRIVE, 12TH FLOOR
CHICAGO, IL 60606		     X    
HYATT INTERNATIONAL CORP
71 SOUTH WACKER DRIVE, 12TH FLOOR
CHICAGO, IL 60606		     X    
Hyatt International Holdings Co.
71 SOUTH WACKER DRIVE, 12TH FLOOR
CHICAGO, IL 60606		     X    

Signatures

/s/ Rena Hozore Reiss, Executive Vice President, General Counsel and Secretary, Hyatt Hotels Corporation 03/22/2017
**Signature of Reporting Person Date
/s/ Rena Hozore Reiss, as Attorney-in-Fact for AIC Holding Co. 03/22/2017
**Signature of Reporting Person Date
/s/ Rena Hozore Reiss, Executive Vice President and Secretary, Hyatt International Corporation 03/22/2017
**Signature of Reporting Person Date
/s/ Rena Hozore Reiss, as Attorney-in-Fact for Hyatt International Holdings Co. 03/22/2017
**Signature of Reporting Person Date
/s/ Rena Hozore Reiss, as Attorney-in-Fact for HI Holdings Playa B.V. 03/22/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The ordinary shares are owned directly by HI Holdings Playa B.V. ("HI Holdings"), which is a wholly-owned subsidiary of Hyatt International Holdings Co., which is a wholly-owned subsidiary of Hyatt International Corporation, which is a wholly-owned subsidiary of AIC Holding Co., which is a wholly-owned subsidiary of Hyatt Hotels Corporation. Each of Hyatt Hotels Corporation, AIC Holding Co., Hyatt International Corporation and Hyatt International Holdings Co. are the indirect beneficial owners of the reported securities.
(2) HI Holdings directly holds 1,738,806 warrants ("Founder Warrants"), each entitling the holder to purchase one-third of an ordinary share at an exercise price of one-third of $11.50. The Founder Warrants can be exercised starting on the 30th day after March 11, 2017.
(3) HI Holdings directly holds 237,110 warrants ("Earnout Warrants"), each entitling the holder to purchase one ordinary share. The Earnout Warrants are exercisable for a five-year period beginning on March 11, 2017 in the event the closing price of the Issuer's ordinary shares on the NASDAQ Capital Market (or successor) is greater than $13.00 for a period of more than 20 days out of 30 consecutive trading days, subject to adjustment, at an initial exercise price of Euro 0.10 per share.
 
Remarks:
HI Holdings has entered into a Shareholder Agreement, dated as of March 10, 2017 and effective as of March 11, 2017 (the "Shareholder Agreement") with the Issuer and certain other holders (the "Holders") of ordinary shares of the Issuer.  As a result of the provisions in the Shareholder Agreement related to voting for certain director designees, the Holders and HI Holdings may be deemed members of a "group" within the meaning of Rule 13d-5(b) under the Exchange Act.  Each of the Reporting Persons disclaims beneficial ownership of any securities of the Issuer beneficially owned by the Holders.

Exhibit List:

Exhibit 24.1 - Power of Attorney

Exhibit 24.2 - Power of Attorney

Exhibit 24.3 - Power of Attorney

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