Welcome to our dedicated page for Playa Hotels & Resorts N.V. Ordinary Shares news (Ticker: PLYA), a resource for investors and traders seeking the latest updates and insights on Playa Hotels & Resorts N.V. Ordinary Shares stock.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) is a prominent owner, operator, and developer of luxurious all-inclusive beach resorts. With a portfolio encompassing 24 prime beachfront properties, totaling 9,027 rooms, Playa is strategically located in Mexico, Jamaica, and the Dominican Republic. The company's key brand affiliations include Hyatt Ziva, Hyatt Zilara, Hilton All-Inclusive, Wyndham Alltra, and Jewel Resorts, among others.
Playa generates most of its revenue from its properties in Mexico's Yucatan Peninsula. The company's business model emphasizes exceptional guest experiences through comprehensive all-inclusive packages that cover room accommodations, dining, beverages, and various entertainment activities. This approach is designed to provide outstanding value and convenience, which in turn drives customer loyalty and repeat business.
Recently, Playa completed extensive renovations at the Wyndham Alltra Vallarta in Nuevo Vallarta, Mexico. The refurbishment, inspired by ancient Huichol culture, included upgrades to 159 rooms and enhanced culinary offerings with five revamped dining venues. This commitment to continual improvement is evident in the new Alltra VIP Club, offering semi-private check-in, concierge services, and personalized amenities.
In addition to room upgrades, Playa is also enhancing its culinary experiences. The opening of The Blind Butcher at Hyatt Ziva Cap Cana exemplifies Playa's innovative approach to food and beverage services, offering a multisensory dining experience that includes live entertainment and exquisite dining options.
Financially, Playa has shown strong performance with a substantial cash reserve and a manageable debt profile. The company’s Board of Directors recently authorized a new $200 million share repurchase program to enhance shareholder value further. Playa's strategy leverages strong brand partnerships and in-house booking capabilities to attract first-time and returning guests, ensuring steady growth and profitability.
For more information, please visit www.playaresorts.com.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced an extension of its exclusivity agreement with Hyatt Hotels (NYSE: H) until February 10, 2025, at 11:59 p.m. New York City time. The extension relates to ongoing discussions about potential strategic options, including a possible acquisition of Playa by Hyatt.
The company emphasized that there is no guarantee of reaching a definitive agreement or completing any transaction. Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others. PJT Partners LP is serving as financial advisor, with Hogan Lovells as legal counsel.
Hyatt Hotels (NYSE: H) has announced an extension of its exclusivity agreement with Playa Hotels & Resorts N.V. (NASDAQ: PLYA) through February 10, 2025. The agreement maintains Playa's commitment to negotiate exclusively with Hyatt regarding potential strategic alternatives, which could include Hyatt acquiring Playa.
As of September 30, 2024, Hyatt's portfolio encompasses more than 1,350 hotels and all-inclusive properties across 79 countries on six continents. The company's portfolio includes multiple brands across various segments: Luxury Portfolio, Lifestyle Portfolio, Inclusive Portfolio, Classics Portfolio, and Essentials Portfolio.
Playa Hotels & Resorts and Marriott International have announced the opening of Paraiso de la Bonita, their third luxury all-inclusive resort under The Luxury Collection brand. Located in Riviera Maya, just 20 minutes from Cancun International Airport, this adults-only resort features 100 oceanfront suites following a multimillion-dollar renovation.
The property boasts a 22,000-square-foot Thalasso Spa Center, multiple dining venues including K'uhul Mexican restaurant, Joya, Côté à Costa, and Qin Qin, alongside three bars. Each suite offers private terraces or balconies with ocean views. The resort implements eco-friendly practices and participates in the Marriott Bonvoy program, joining Sanctuary Cap Cana and Almare on Isla Mujeres as part of The Luxury Collection's all-inclusive portfolio.
Playa Hotels & Resorts (NASDAQ: PLYA) has scheduled its fourth quarter 2024 financial results release for Tuesday, February 25, 2025, after market close. The company will host a conference call on Wednesday, February 26, 2025, at 08:30 a.m. EST to discuss the results.
The conference call will be accessible via phone at (888) 317-6003 for domestic participants and (412) 317-6061 for international participants, with elite entry number 2277823. A replay will be available from February 26 through March 5, 2025.
Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection.
Playa Hotels & Resorts (NASDAQ: PLYA) has announced a binding agreement to sell the Jewel Paradise Cove resort for $28.5 million in cash to an undisclosed third party. The transaction is expected to close in Q1 2025, subject to customary closing conditions.
The company currently owns and manages a portfolio of 24 resorts with 8,627 rooms across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others.
Playa Hotels & Resorts (NASDAQ: PLYA) has entered into an exclusive negotiation agreement with Hyatt Hotels (NYSE: H) regarding potential strategic options, including a possible acquisition by Hyatt. The exclusivity period runs until February 3, 2025, or until a definitive agreement is reached.
The company's Board of Directors has been evaluating opportunities to maximize shareholder value and has engaged with multiple potential counterparties. Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others.
PJT Partners LP is serving as financial advisor, and Hogan Lovells as legal counsel for the discussions.
Hyatt Hotels (NYSE: H) has entered into exclusive negotiations with Playa Hotels & Resorts (NASDAQ: PLYA) regarding potential strategic alternatives, including a possible acquisition of Playa by Hyatt. Playa, described as one of the world's strongest operators of all-inclusive resorts, owns high-end properties across the Caribbean and Mexico.
CEO Mark Hoplamazian emphasized that any strategic alternatives would align with Hyatt's asset-light business model and could add new durable fee streams. Currently, Hyatt owns 9.99% of Playa's outstanding shares. The company's portfolio includes more than 1,350 hotels and all-inclusive properties across 79 countries, spanning various brands in Luxury, Lifestyle, Inclusive, Classics, and Essentials portfolios.
Playa Hotels & Resorts (NASDAQ: PLYA) announced the opening of Wyndham Alltra Punta Cana, accepting reservations for stays beginning April 1, 2025. The transformed property, formerly Jewel Punta Cana, features 620 suites and represents the brand's second all-inclusive resort in the Dominican Republic.
The resort offers extensive amenities including 20+ food and beverage venues, private swim-out pools, a new water park, and the Aura Spa with 12 treatment rooms. Located on Uvero Alto Beach, the property showcases tropical colonial-inspired design and includes nine renovated dining outlets, one of the country's largest freeform swimming pools, and Camp Alltra for children. Grand opening rates start at $125 per person per night.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) reported its Q3 2024 financial results. The company posted a net loss of $2.7 million, an improvement from the $10.5 million loss in Q3 2023. Adjusted net income was $0.3 million, up from a $9.7 million adjusted net loss in the previous year. However, Net Package RevPAR decreased by 6.4% to $252.12 due to a 7.3 percentage point drop in occupancy, partially offset by a 4.3% increase in ADR. Owned Resort EBITDA fell 30.7% to $36.6 million, and its margin decreased by 5.1 percentage points to 21.1%. Adjusted EBITDA dropped 38% to $25.1 million, with a margin decrease of 5.6 percentage points to 14.2%. For the nine months ended September 30, 2024, net income was $64.8 million, up from $52.8 million in 2023. Adjusted net income rose to $71.4 million from $60.3 million. Despite a 7.1% increase in Net Package RevPAR to $334.28, Adjusted EBITDA decreased by 4.2% to $202.3 million. Playa's FY 2024 Adjusted EBITDA is expected to be $250-255 million.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced the dates for its third quarter 2024 earnings release and conference call. The company plans to release its financial results after market close on Wednesday, November 6, 2024, followed by a conference call on Thursday, November 7, 2024, at 09:00 a.m. Eastern Time. Investors can access the call by dialing (888) 317-6003 (domestic) or (412) 317-6061 (international) with the elite entry number 2320445. A taped replay will be available from November 7 to November 14, 2024, accessible at (877) 344-7529 or (412) 317-0088 using the elite entry number 5427963. Additionally, a webcast will be available on the company's investor relations website.
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