Playa Hotels & Resorts N.V. Completes Sale of Capri Hotel for $55M and Executes New Hotel Management Contract

Playa Hotels & Resorts N.V. | June 28, 2021

FAIRFAX, Va. - June 28, 2021 - Playa Hotels & Resorts N.V. (the "Company") today announced that it has completed the sale of the Capri Hotel for a total consideration of $55 million in cash. In conjunction with the closing of the transaction, the new owner has signed a franchise agreement with Hyatt Hotels to rebrand the resort as the Hyatt Zilara Riviera Maya following renovations. "We are incredibly thrilled to be adding the Hyatt Zilara Riviera Maya to our managed resort portfolio, alongside our other category-defining Hyatt All-Inclusive resorts," said Bruce Wardinski, Chairman and CEO of Playa Hotels & Resorts. "I am exci...