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Investor Presentaiton

Capital Allocation Strategy - Track Record of Successful Development: Case Study: Hyatt Ziva Cancún PLAYA HOTELS & RESORTS" z HYATT ZIVA Cancun ALL INCLUSIVE RESORT 547 Rooms 4Q 2015 Opened $81mm Project Cost ~35% Cash-on-Cash Return New Construction - $148k/key New beach tower 12 floors, as well as 169 new rooms, a spa, and beach restaurant New central facilities building Lobby / reception, rooftop lounge & pool and 7 restaurants & bars New village corridor ■ 3 F&B outlets, gym, kid's club, sky wedding roof deck and retail shops New parking structure 128 parking spaces and rooftop tennis courts External areas New pools, including completely refurbished dolphin pool and new beach restaurant 28

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