Playa Hotels & Resorts Nv Stock Price, News & Analysis

Hyatt Hotels Corporation has received all necessary regulatory approvals for its planned acquisition of Playa Hotels & Resorts through a cash tender offer of $13.50 per share. The Federal Competition Commission of Mexico has approved the transaction on June 5, 2025. The tender offer is set to expire on June 9, 2025, with tendered shares expected to be accepted for payment around June 11, 2025. Following the initial tender period, Hyatt will initiate a subsequent offering period ending June 16, 2025, for any remaining shares. The company anticipates owning all Playa ordinary shares by June 17, 2025, subject to meeting minimum tender and other closing conditions.

Playa Hotels & Resorts announced receiving Mexican antitrust approval for its pending sale to Hyatt Hotels Corporation, marking the final regulatory requirement for the transaction. Hyatt's tender offer to acquire all outstanding Playa shares at $13.50 per share in cash is set to expire on June 9, 2025. Following the initial tender offer, Hyatt will commence a subsequent offering period until June 16, 2025, for any remaining shares. Playa plans to voluntarily delist from Nasdaq around June 16, 2025, contingent upon the tender offer's completion and Hyatt's acquisition of shares. The transaction is expected to result in Hyatt owning all Playa ordinary shares by June 17, 2025, subject to meeting minimum tender conditions and other closing requirements.

Hyatt Hotels Corporation (NYSE: H) has announced an extension of its tender offer period to acquire Playa Hotels & Resorts (NASDAQ: PLYA). The cash tender offer, priced at $13.50 per share, will now expire on June 9, 2025, at 5:00 p.m. New York City time.

As of May 23, 2025, approximately 85% of outstanding shares have been tendered or are owned by Hyatt's subsidiary (85.5% including guaranteed delivery shares). This includes 92,458,066 validly tendered shares and 12,143,621 shares already owned by Buyer. The completion remains subject to conditions including anti-competition approvals in Mexico.

Shareholders who have already tendered their shares don't need to take any additional action due to this extension.

Playa Hotels & Resorts (NASDAQ: PLYA) reported its Q1 2025 financial results, showing mixed performance. Net Income decreased to $43.1 million from $54.3 million in 2024. The company's Net Package RevPAR increased 1.4% to $433.20, driven by a 4.6% increase in Net Package ADR, though offset by lower occupancy. Owned Resort EBITDA declined 10.0% to $111.7 million, while EBITDA margin decreased to 42.7%. The company maintained a strong balance sheet with $265.4 million in cash and $1,075.3 million in debt. As of March 31, 2025, Playa operated 22 resorts with 8,342 rooms across Mexico, Jamaica, and the Dominican Republic under various premium brands including Hyatt, Hilton, and Wyndham.

Hyatt Hotels (NYSE: H) has announced an extension of its cash tender offer to acquire all outstanding ordinary shares of Playa Hotels & Resorts (NASDAQ: PLYA) at $13.50 per share. The tender offer's expiration date has been extended to May 23, 2025.

As of April 25, 2025, approximately 75% of outstanding shares have been tendered (excluding guaranteed delivery shares) or are owned by Hyatt's subsidiary. This includes 83,491,904 validly tendered shares and 12,143,621 shares already owned by Hyatt's subsidiary. Including guaranteed delivery shares, the total represents about 77% of outstanding shares.

Shareholders who have already tendered their shares don't need to take any additional action. The completion remains subject to conditions outlined in the tender offer statement.

Playa Hotels & Resorts (NASDAQ: PLYA) has announced it will release its first quarter 2025 financial results after market close on Monday, May 5, 2025. The company noted it will not hold a conference call following the release due to the proposed transaction with Hyatt Hotels .

Playa currently owns and manages a portfolio of 22 resorts with 8,342 rooms across Mexico, Jamaica, and the Dominican Republic. The company's properties operate under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection.

Playa Hotels & Resorts (NASDAQ: PLYA) has completed a $20 million renovation at Hyatt Ziva Puerto Vallarta, enhancing its all-inclusive resort experience. The transformation includes:

• Complete refresh of 244 guest rooms in the North Tower with new air-conditioning, custom woodwork, Smart TVs, and Nespresso machines
• Launch of Tamari, a new Asian-fusion restaurant with live Teppanyaki cooking
• Reimagined KidZ Club with jungle-inspired atmosphere
• New terrace addition featuring 360° Pacific views for events
• Upgraded amenities including redesigned lobby and revitalized pickleball courts

The resort plans to debut Melanzanne, a new Italian dining concept, and complete renovations of elevators and emergency stairways in the North Tower by 2025.

Playa Hotels & Resorts (NASDAQ: PLYA) has announced the grand opening of Wyndham Alltra Punta Cana in the Dominican Republic, marking their second Wyndham Alltra property on the island. Located on Uvero Alto Beach, this newly reimagined all-inclusive resort features 620 rooms and showcases Playa's signature Service from the Heart®.

The resort offers extensive amenities including:

• One of Dominican Republic's largest free-form pools
• Nine dining venues with five à la carte restaurants
• Nine bars and lounges featuring the entertainment hub Twisted Olive
• Coming this summer: Splash Island Water Park with lazy river and tube slides

The fully renovated rooms and suites feature furnished patios, daily restocked minibars, and complimentary Wi-Fi, decorated with Caribbean colonial heritage influences. The resort is currently offering promotional rates starting at $249 per night with a kids-stay-free offer.

Playa Hotels & Resorts (NASDAQ: PLYA) reported its Q4 and full-year 2024 results, with Q4 net income reaching $9.0 million compared to $1.0 million in 2023. Net Package RevPAR increased 8.0% to $325.50 in Q4, while comparable Net Package RevPAR decreased 1.2% to $334.72.

For the full year 2024, net income was $73.8 million versus $53.9 million in 2023. However, Adjusted EBITDA decreased 5.1% to $258.0 million, impacted by Hurricane Beryl disruption in Jamaica and early-year travel warnings. The company's operations benefited from Mexican Peso depreciation and business interruption insurance proceeds.

Notably, Hyatt Hotels has commenced a tender offer for all outstanding PLYA shares at $13.50 per share in cash, with full support from Playa's executive team. As of December 31, 2024, the company held $189.3 million in cash and had total debt of $1,078.0 million.