Playa Hotels & Resorts Announces the Sale of Jewel Punta Cana for $82 Million

Today's News Hudini and Orascom Hotels Management Begin Global Rollout of New Staff Connect Platform

Playa Hotels & Resorts Announces the Sale of Jewel Punta Cana for $82 Million

By Elliott Bryan|2023-12-19T14:35:22-05:00December 19th, 2023|

Playa Hotels & Resorts N.V. | December 19, 2023

FAIRFAX, Va., Dec. 19, 2023 — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the “Company”) today announced that it has closed on the sale of the Jewel Punta Cana for a total gross consideration of $82.0 million. The Company expects total net proceeds of approximately $70.0 million. The Company has also entered into a long-term hotel management agreement with the new owner to manage the resort. The transaction was completed on December 15, 2023.

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

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About Playa Hotels & Resorts N.V.

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 (9,027 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, 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.

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Playa Hotels & Resorts Announces the Sale of Jewel Punta Cana for $82 Million

Today's News Hudini and Orascom Hotels Management Begin Global Rollout of New Staff Connect Platform