<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2017-03-11</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001692412</issuerCik>
        <issuerName>Playa Hotels &amp; Resorts N.V.</issuerName>
        <issuerTradingSymbol>PLYA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001587354</rptOwnerCik>
            <rptOwnerName>Hackwell Paul</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TPG GLOBAL, LLC,</rptOwnerStreet1>
            <rptOwnerStreet2>301 COMMERCE STREET, SUITE 3300</rptOwnerStreet2>
            <rptOwnerCity>FORT WORTH</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>No securities beneficially owned</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Paul Hackwell is a TPG Principal.  TPG is affiliated with TPG Pace Sponsor, LLC (&quot;TPG Pace Sponsor&quot;), which directly holds securities of Playa Hotels &amp; Resorts N.V. (the &quot;Issuer&quot;).</footnote>
        <footnote id="F2">Mr. Hackwell disclaims beneficial ownership of all of the securities that are or may be beneficially owned by TPG Pace Sponsor or any of its affiliates.  Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), this filing shall not be deemed an admission that Mr. Hackwell is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities of the Issuer.</footnote>
    </footnotes>

    <remarks>(3)  Michael LaGatta is signing on behalf of Mr. Hackwell pursuant to the authorization and designation letter dated March 6, 2017, which is attached here as an exhibit.</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael LaGatta on behalf of Paul Hackwell (3)</signatureName>
        <signatureDate>2017-03-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
