Playa Hotels & Resorts Completes Previously Announced Business Combination With Sagicor Group Jamaica

June 6, 2018

Fairfax, Virginia – (June 6, 2018) – Playa Hotels & Resorts N.V. (NASDAQ: PLYA, "Playa"), announced today that it had completed a business combination with Sagicor Group Jamaica Limited ("Sagicor") whereby Sagicor contributed to Playa a portfolio of five all-inclusive resorts and two adjacent oceanfront developable land sites located on the desirable North Coast of Jamaica. The portfolio includes four existing resorts including the 495-room Hilton Rose Hall, the 268-room Jewel Runaway Bay, the 250-room Jewel Dunn's River and the 225-room Jewel Paradise Cove. It also includes an 88-room hotel tower and spa, two developabl...