FAIRFAX,
Va., Dec. 31, 2024 /PRNewswire/ -- Playa Hotels
& Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced
that it has entered into a binding agreement with a third party to
sell the Jewel Paradise Cove resort for a total consideration of
$28.5 million in cash.
The sale of the resort is subject to customary closing
conditions, and the Company offers no assurances that this sale
will be completed. The Company expects the transaction to close in
the first quarter of 2025.
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.
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SOURCE Playa Management USA,
LLC
