SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

(Last)

(First)

(Middle)

520 MADISON AVENUE

30TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/06/2024

3. Issuer Name and Ticker or Trading Symbol
Playa Hotels & Resorts N.V. [ PLYA ]

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 of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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, EUR 0.10 par value per share	12,242,519	I	See footnotes⁽¹⁾⁽⁴⁾⁽⁵⁾

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Notional Derivative Agreements (obligation to buy)⁽⁶⁾	⁽⁶⁾	⁽⁶⁾	Ordinary Shares	3,382,578	⁽⁶⁾	I	See footnotes⁽¹⁾⁽⁴⁾⁽⁵⁾
Notional Derivative Agreements (obligation to buy)⁽⁷⁾	⁽⁷⁾	⁽⁷⁾	Ordinary Shares	116,019	⁽⁷⁾	I	See footnotes⁽²⁾⁽⁴⁾⁽⁵⁾
Notional Derivative Agreements (obligation to buy)⁽⁸⁾	⁽⁸⁾	⁽⁸⁾	Ordinary Shares	4,023,710	⁽⁸⁾	I	See footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Notional Derivative Agreements (obligation to buy)⁽⁹⁾	⁽⁹⁾	⁽⁹⁾	Ordinary Shares	84,375	⁽⁹⁾	I	See footnotes⁽²⁾⁽⁴⁾⁽⁵⁾
Notional Derivative Agreements (obligation to buy)⁽¹⁰⁾	⁽¹⁰⁾	⁽¹⁰⁾	Ordinary Shares	2,716,375	⁽¹⁰⁾	I	See footnotes⁽³⁾⁽⁴⁾⁽⁵⁾

1. Name and Address of Reporting Person^*

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

(Last)

(First)

(Middle)

520 MADISON AVENUE

30TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Davidson Kempner Opportunistic Credit LP

(Last)

(First)

(Middle)

520 MADISON AVENUE, 30TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

DKLDO V TRADING SUBSIDIARY LP

(Last)

(First)

(Middle)

CAYMAN CORPORATE CENTRE

27 HOSPITAL ROAD

(Street)

GEORGE TOWN, GRAND CAYMAN

KY1-9008

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

YOSELOFF ANTHONY ALEXANDER

(Last)

(First)

(Middle)

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

520 MADISON AVENUE, 30TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

M.H. DAVIDSON & CO.

(Last)

(First)

(Middle)

885 THIRD AVENUE

SUITE 3300

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The securities reported on this line are held directly by DKLDO V Trading Subsidiary LP, a Cayman Islands exempted limited partnership ("DKLDO V"). Davidson Kempner Long-Term Distressed Opportunities GP V LLC, a Delaware limited liability company ("DKLDO GP V"), is the general partner of DKLDO V and Davidson Kempner Drawdown GP Topco LLC, a Delaware limited liability company, is the managing member of DKLDO GP V.

2. The securities reported on this line are held directly by M.H. Davidson & Co., a New York limited partnership ("CO"). M.H. Davidson & Co. GP, L.L.C., a Delaware limited liability company ("CO GP"), is the general partner of CO and Davidson Kempner Liquid GP Topco LLC, a Delaware limited liability company ("Liquid GP Topco"), is the managing member of CO GP.

3. 3The securities reported on this line are held directly by Davidson Kempner Opportunistic Credit LP, a Cayman Islands exempted limited partnership ("DKOPPC" and together with DKLDO V and CO, the "DK Funds"). Davidson Kempner Opportunistic Credit GP LLC, a Delaware limited liability company ("DKOPPC GP"), is the general partner of DKOPPC and Davidson Kempner Liquid GP Topco LLC, a Delaware limited liability company, is the managing member of DKOPPC GP.

4. Davidson Kempner Capital Management LP ("DKCM"), a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission (the "SEC"), acts as investment manager to each of the DK Funds. DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Conor Bastable, Shulamit Leviant, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris, Suzanne K. Gibbons, Gregory S. Feldman, Melanie Levine and James Li. Mr. Anthony A. Yoseloff, through DKCM, is responsible for the voting and investment decisions relating to the securities held by the DK Funds.

5. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

6. DKLDO V is a party to certain notional principal amount derivative agreements in the form of cash settled swaps with a reference price of $8.03. The derivative agreements shall continue until terminated as elected by the parties and currently have an initial reference termination date of July 21, 2025.

7. CO is a party to certain notional principal amount derivative agreements in the form of cash settled swaps with a reference price of $7.32. The derivative agreements shall continue until terminated as elected by the parties and currently have an initial reference termination date of May 20, 2025.

8. DKOPP is a party to certain notional principal amount derivative agreements in the form of cash settled swaps with a reference price of $7.32. The derivative agreements shall continue until terminated as elected by the parties and currently have an initial reference termination date of October 2, 2025.

9. CO is a party to certain notional principal amount derivative agreements in the form of cash settled swaps with a reference price of $7.80. The derivative agreements shall continue until terminated as elected by the parties and currently have an initial reference termination date of October 28, 2025.

10. DKOPP is a party to certain notional principal amount derivative agreements in the form of cash settled swaps with a reference price of $7.25. The derivative agreements shall continue until terminated as elected by the parties and currently have an initial reference termination date of October 4, 2028.

	/s/ M.H. Davidson & Co., By: M.H. Davidson & Co. GP, L.L.C., its general partner, By: Davidson Kempner Liquid GP Topco LLC, its managing member, By: Anthony A. Yoseloff, its Executive Managing Member	11/13/2024
	/s/ Davidson Kempner Opportunistic Credit LP, By: Davidson Kempner Opportunistic Credit GP LLC, its general partner, By: Davidson Kempner Liquid GP Topco LLC, its managing member, By: Anthony A. Yoseloff, its Executive Managing Member	11/13/2024
	/s/ DKLDO V Trading Subsidiary LP, By: Davidson Kempner Long-Term Distressed Opportunities GP V LLC, its general partner, By: Davidson Kempner Drawdown GP Topco LLC, its managing member, By: Anthony A. Yoseloff, its Executive Managing Member	11/13/2024
	/s/ Davidson Kempner Capital Management LP, By: Anthony A. Yoseloff, its Executive Managing Member	11/13/2024
	/s/ Anthony A. Yoseloff	11/13/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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