Welcome to our dedicated page for Playa Hotels & Resorts Nv news (Ticker: PLYA), a resource for investors and traders seeking the latest updates and insights on Playa Hotels & Resorts Nv stock.
The PLYA news page on Stock Titan provides an archive of announcements and disclosures related to Playa Hotels & Resorts N.V., a former Nasdaq-listed owner, operator and developer of all-inclusive beachfront resorts in Mexico, Jamaica and the Dominican Republic. Through its subsidiaries, Playa focused on all-inclusive resorts in popular vacation destinations in Mexico and the Caribbean and reported on its operations, portfolio changes and financial performance.
News items for Playa include quarterly and annual earnings releases, where the company discussed metrics such as Net Package RevPAR, Occupancy, Net Package ADR, Owned Resort EBITDA and Adjusted EBITDA. These releases also described trends in Total Net Revenue, Owned Net Revenue and margins across its resort portfolio and comparable portfolio.
The feed also captures corporate transaction developments, most notably Hyatt Hotels Corporation’s cash tender offer to acquire all outstanding ordinary shares of Playa Hotels & Resorts N.V. and the subsequent completion of that acquisition. Related news covers tender offer extensions, regulatory approvals, the satisfaction of minimum tender conditions, Playa’s stated intention to voluntarily delist from Nasdaq, and Hyatt’s announcement of the completed acquisition and integration of Playa’s all-inclusive resorts into its broader portfolio.
Additional items include operational updates such as renovation projects at specific resorts, as well as announcements about the timing of earnings releases. Together, these articles document Playa’s evolution from a standalone public company to a business acquired by Hyatt affiliates. Investors and researchers can use this page to review historical developments affecting PLYA, including financial results, portfolio activity and the steps leading to its acquisition and delisting.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced a binding agreement to sell the Dreams Puerto Aventuras for $34.5 million in cash. This strategic move aims to enhance liquidity by divesting non-core assets. CEO Bruce Wardinski emphasized the quality of Playa's portfolio and market potential, indicating confidence in executing transactions even in challenging times. The sale is subject to customary conditions, with expectations for closure in Q1 2021. Playa manages 21 resorts across Mexico, Jamaica, and the Dominican Republic, showcasing a strong presence in the all-inclusive resort sector.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) reported significant financial challenges for Q3 2020, with a net loss of $78.6 million, compared to $30.5 million in 2019. Occupancy dropped to 11.1%, while total net revenue fell 78.4% year-over-year to $27.3 million. Despite these results, the company is optimistic about recovery, having reopened 18 out of 21 resorts and expecting further occupancy improvements driven by leisure travel demand and the effective Playa Safe Stay protocols.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) will release its Q3 2020 financial results after market close on November 4, 2020. A conference call is scheduled for November 5, 2020, at 10:00 a.m. EST to discuss the results, accessible via domestic and international numbers. A taped replay will be available two hours post-call until November 19, 2020. This call will also be webcasted on Playa's investor relations website. Playa operates 21 all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.
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Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has resumed normal operations at its Yucatán resorts following Hurricane Delta. There were no injuries to associates or guests during the evacuation, and only minor aesthetic landscape repairs are needed, with no structural damage reported. CEO Gregory Maliassas stated that the team prepared the resorts to welcome guests again. Playa operates 21 resorts across Mexico, Jamaica, and the Dominican Republic, offering a wide range of all-inclusive experiences.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced that all its all-inclusive resorts will reopen by December 2020, following a temporary closure due to the COVID-19 pandemic. Major resorts, including Hyatt and Hilton properties, have resumed operations, offering a luxury vacation experience coupled with enhanced safety measures under the Playa SAFE STAY™ initiative. With several resorts currently open and more set to reopen in the coming months, Playa emphasizes guest satisfaction and safety. The company also promotes special offers to attract visitors during this recovery phase.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has been awarded the CHRIS Development of the Year 2019 for its Hyatt Ziva and Hyatt Zilara Cap Cana resorts, recognized during the 2020 Caribbean Hotel & Investment Summit. This accolade highlights the successful opening of the dual-branded all-inclusive resorts in November 2019. The complex, situated in the Dominican Republic, covers over 40 acres and features 750 rooms. This project marks a significant milestone for Playa, demonstrating its commitment to expanding its Hyatt brand within the Caribbean.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced that Creasha-Dine Thompson, Event Planning Manager at Hyatt Zilara and Hyatt Ziva Rose Hall, received the 2020 Caribbean Rising Star Award during the virtual Caribbean Hotel & Investment Summit. This marks the second consecutive year a Playa employee has won the award. Recognized for her leadership and community service, Thompson began her career at Playa in 2015 and has shown remarkable growth, earning a promotion in 2019. The award emphasizes Playa's commitment to nurturing talent within the hospitality industry.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has launched its innovative Work & Learn From Paradise program, providing extended stays at select all-inclusive resorts from August 1 to December 22, 2020. This initiative caters to remote workers and learners, offering perks such as upgraded accommodations, high-speed Wi-Fi, onsite IT support, and various wellness activities. The program aims to balance work and leisure amidst the COVID-19 pandemic, emphasizing safety through the Playa Safe Stay™ initiative. The company's portfolio includes 21 resorts across Mexico and the Caribbean.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) plans to reopen its all-inclusive resorts in Mexico and the Caribbean starting July 1, 2020, after a COVID-19 induced shutdown. The reopening includes resorts like Hyatt Zilara Cancun and Hilton Playa del Carmen, with safety measures under the Playa Safe Stay™ program. Playa aims to deliver luxury experiences with enhanced health protocols to ensure guest safety. Currently, Playa is offering promotions like the Sea You Soon Sale, which includes savings and flexible cancellation policies.