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Playa Hotels & Resorts N.V. Completes the Sale of Jewel Palm Beach

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Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced the completion of the sale of its Jewel Palm Beach resort for $68 million in cash. The company expects to receive net proceeds of approximately $64 million from the transaction, which will be used for general corporate purposes.

Playa Hotels & Resorts is a leading owner, operator, and developer of all-inclusive resorts in prime beachfront locations across Mexico, Jamaica, and the Dominican Republic. The company's portfolio currently consists of 24 resorts with a total of 8,627 rooms under various brands, including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and Wyndham Alltra, among others.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) ha annunciato il completamento della vendita del suo resort Jewel Palm Beach per 68 milioni di dollari in contante. L'azienda prevede di ricevere proventi netti di circa 64 milioni di dollari dalla transazione, che saranno utilizzati per scopi aziendali generali.

Playa Hotels & Resorts è un importante proprietario, operatore e sviluppatore di resort all-inclusive in posizioni fronte mare di prim'ordine in Messico, Giamaica e Repubblica Dominicana. Il portafoglio dell'azienda attualmente consiste di 24 resort con un totale di 8.627 camere sotto vari marchi, tra cui Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive e Wyndham Alltra, tra gli altri.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) ha anunciado la finalización de la venta de su resort Jewel Palm Beach por 68 millones de dólares en efectivo. La compañía espera recibir ingresos netos de aproximadamente 64 millones de dólares de la transacción, que se utilizarán para fines corporativos generales.

Playa Hotels & Resorts es un propietario, operador y desarrollador líder de resorts todo incluido en ubicaciones de playa privilegiadas en México, Jamaica y la República Dominicana. Actualmente, la cartera de la compañía consta de 24 resorts con un total de 8,627 habitaciones bajo varias marcas, incluyendo Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive y Wyndham Alltra, entre otras.

플라야 호텔 & 리조트 N.V. (NASDAQ: PLYA)가 주얼 팜 비치 리조트의 매각 완료를 발표했습니다. 매각가는 6800만 달러이며, 회사는 이 거래에서 약 6400만 달러의 순수익을 받을 것으로 예상하고 있습니다. 이 자금은 일반 기업 용도에 사용될 예정입니다.

플라야 호텔 & 리조트는 멕시코, 자메이카, 도미니카 공화국의 주요 해변 위치에 있는 올 인클루시브 리조트의 주요 소유자, 운영자 및 개발자입니다. 현재 회사의 포트폴리오에는 24개의 리조트와 총 8627개 객실이 있으며, 여기에는 하얏트 질라라, 하얏트 지바, 힐튼 올 인클루시브, 윈덤 올트라 등의 브랜드가 포함되어 있습니다.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) a annoncé l'achèvement de la vente de son resort Jewel Palm Beach pour 68 millions de dollars en espèces. L'entreprise s'attend à recevoir des produits nets d'environ 64 millions de dollars de la transaction, qui seront utilisés à des fins corporatives générales.

Playa Hotels & Resorts est un propriétaire, opérateur et développeur de premier plan de resorts tout compris dans des emplacements de plage de premier choix au Mexique, en Jamaïque et en République dominicaine. Le portefeuille de l'entreprise comprend actuellement 24 resorts avec un total de 8 627 chambres sous différentes marques, y compris Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive et Wyndham Alltra, parmi d'autres.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) hat den Abschluss des Verkaufs seines Jewel Palm Beach Resorts für 68 Millionen Dollar in bar bekannt gegeben. Das Unternehmen erwartet, aus der Transaktion netto etwa 64 Millionen Dollar zu erhalten, die für allgemeine Unternehmenszwecke verwendet werden sollen.

Playa Hotels & Resorts ist ein führender Eigentümer, Betreiber und Entwickler von All-Inclusive-Resorts an erstklassigen Strandstandorten in Mexiko, Jamaika und der Dominikanischen Republik. Das Portfolio des Unternehmens umfasst derzeit 24 Resorts mit insgesamt 8627 Zimmern unter verschiedenen Marken, einschließlich Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive und Wyndham Alltra, unter anderem.

Positive
  • Sale of Jewel Palm Beach resort for $68 million in cash
  • Expected net proceeds of approximately $64 million
  • Funds to be used for general corporate purposes
  • Portfolio of 24 resorts with 8,627 rooms across prime beachfront locations
Negative
  • Reduction in overall resort portfolio size

FAIRFAX, Va., Sept. 23, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it has closed on the sale of the Jewel Palm Beach resort for a total consideration of $68 million in cash. The Company expects total net proceeds of approximately $64 million.

Proceeds from the transaction will be utilized for general corporate purposes.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V., through its subsidiaries (NASDAQ: PLYA, "Playa"), is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in Mexico, Jamaica and the Dominican Republic. Playa currently owns and/or manages a total portfolio consisting of 24 resorts (8,627 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hospitality brands to provide a best-in-class experience and exceptional value to guests, while building a direct relationship to improve customer acquisition cost and drive repeat business. For more information, please visit www.playaresorts.com.

Forward-Looking Statements

This press release contains "forward-looking statements," as defined by federal securities laws. Forward-looking statements reflect our current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in Playa's Annual Report on Form 10-K, filed with the SEC on February 22, 2024, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa's filings with the SEC. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to us (or to third parties making the forward-looking statements).

For additional information visit investors.playaresorts.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/playa-hotels--resorts-nv-completes-the-sale-of-jewel-palm-beach-302255486.html

SOURCE Playa Management USA, LLC

FAQ

What resort did Playa Hotels & Resorts (PLYA) sell?

Playa Hotels & Resorts (PLYA) sold the Jewel Palm Beach resort.

How much did Playa Hotels & Resorts (PLYA) receive for the sale of Jewel Palm Beach?

Playa Hotels & Resorts (PLYA) received $68 million in cash for the sale of Jewel Palm Beach, with expected net proceeds of approximately $64 million.

What will Playa Hotels & Resorts (PLYA) do with the proceeds from the sale?

Playa Hotels & Resorts (PLYA) will use the proceeds from the sale for general corporate purposes.

How many resorts does Playa Hotels & Resorts (PLYA) currently own or manage?

Playa Hotels & Resorts (PLYA) currently owns and/or manages a total portfolio of 24 resorts with 8,627 rooms.

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