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 (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.
Hyatt Hotels (NYSE: H) has announced the commencement of a cash tender offer through its subsidiary HI Holdings Playa B.V. to acquire all outstanding ordinary shares of Playa Hotels & Resorts (NASDAQ: PLYA) for $13.50 per share in cash. The offer follows a purchase agreement dated February 9, 2025.
Playa is a leading operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica. Hyatt's subsidiary currently owns 9.4% of Playa's outstanding shares. The tender offer is set to expire on April 25, 2025, at 5:00 p.m. New York City Time, unless extended.
The deal is subject to conditions including a minimum tender requirement and regulatory approvals. Both companies will file necessary documentation with the SEC, with Playa's Board of Directors recommending shareholders accept the offer.
Hyatt Hotels (NYSE: H) has announced plans to acquire Playa Hotels & Resorts for $13.50 per share, totaling approximately $2.6 billion, including $900 million of debt. The acquisition will enhance Hyatt's all-inclusive platform, building on their existing 9.4% ownership of Playa's shares.
The deal will secure long-term management agreements for Hyatt's luxury all-inclusive Hyatt Ziva and Hyatt Zilara branded properties, while expanding distribution channels through ALG Vacations and Unlimited Vacation Club. Following its 2021 Apple Leisure Group acquisition and 2024 Grupo Piñero joint venture, this marks another significant step in Hyatt's all-inclusive portfolio growth.
Hyatt plans to maintain its asset-light model by identifying third-party buyers for Playa's owned properties, expecting to realize at least $2.0 billion in asset sales by 2027. The company will initially fund the acquisition with new debt financing and aims to pay down over 80% of this debt through asset sales. The transaction is expected to close later this year, subject to regulatory and shareholder approval.
Playa Hotels & Resorts (NASDAQ: PLYA) has announced an agreement to be acquired by Hyatt Hotels (NYSE: H) in an all-cash transaction valued at $13.50 per share. The deal represents a 40% premium to Playa's unaffected stock price prior to the disclosure of exclusive discussions with Hyatt.
The acquisition follows a comprehensive review process by Playa to maximize shareholder value, involving engagement with multiple potential counterparties. The transaction, expected to close later in 2024, is subject to Playa shareholder and regulatory approvals, along with other customary closing conditions.
Bruce D. Wardinski, Chairman and CEO of Playa Hotels & Resorts, emphasized the longstanding partnership with Hyatt and highlighted how the combination of Playa's beachfront luxury properties and Hyatt's operational excellence has transformed the all-inclusive experience. PJT Partners LP is serving as financial advisor to Playa, with Hogan Lovells and NautaDutilh N.V. as legal counsel.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) has announced an extension of its exclusivity agreement with Hyatt Hotels (NYSE: H) until February 10, 2025, at 11:59 p.m. New York City time. The extension relates to ongoing discussions about potential strategic options, including a possible acquisition of Playa by Hyatt.
The company emphasized that there is no guarantee of reaching a definitive agreement or completing any transaction. Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others. PJT Partners LP is serving as financial advisor, with Hogan Lovells as legal counsel.
Hyatt Hotels (NYSE: H) has announced an extension of its exclusivity agreement with Playa Hotels & Resorts N.V. (NASDAQ: PLYA) through February 10, 2025. The agreement maintains Playa's commitment to negotiate exclusively with Hyatt regarding potential strategic alternatives, which could include Hyatt acquiring Playa.
As of September 30, 2024, Hyatt's portfolio encompasses more than 1,350 hotels and all-inclusive properties across 79 countries on six continents. The company's portfolio includes multiple brands across various segments: Luxury Portfolio, Lifestyle Portfolio, Inclusive Portfolio, Classics Portfolio, and Essentials Portfolio.
Playa Hotels & Resorts and Marriott International have announced the opening of Paraiso de la Bonita, their third luxury all-inclusive resort under The Luxury Collection brand. Located in Riviera Maya, just 20 minutes from Cancun International Airport, this adults-only resort features 100 oceanfront suites following a multimillion-dollar renovation.
The property boasts a 22,000-square-foot Thalasso Spa Center, multiple dining venues including K'uhul Mexican restaurant, Joya, Côté à Costa, and Qin Qin, alongside three bars. Each suite offers private terraces or balconies with ocean views. The resort implements eco-friendly practices and participates in the Marriott Bonvoy program, joining Sanctuary Cap Cana and Almare on Isla Mujeres as part of The Luxury Collection's all-inclusive portfolio.
Playa Hotels & Resorts (NASDAQ: PLYA) has scheduled its fourth quarter 2024 financial results release for Tuesday, February 25, 2025, after market close. The company will host a conference call on Wednesday, February 26, 2025, at 08:30 a.m. EST to discuss the results.
The conference call will be accessible via phone at (888) 317-6003 for domestic participants and (412) 317-6061 for international participants, with elite entry number 2277823. A replay will be available from February 26 through March 5, 2025.
Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection.
Playa Hotels & Resorts (NASDAQ: PLYA) has announced a binding agreement to sell the Jewel Paradise Cove resort for $28.5 million in cash to an undisclosed third party. The transaction is expected to close in Q1 2025, subject to customary closing conditions.
The company currently owns and manages a portfolio of 24 resorts with 8,627 rooms across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others.
Playa Hotels & Resorts (NASDAQ: PLYA) has entered into an exclusive negotiation agreement with Hyatt Hotels (NYSE: H) regarding potential strategic options, including a possible acquisition by Hyatt. The exclusivity period runs until February 3, 2025, or until a definitive agreement is reached.
The company's Board of Directors has been evaluating opportunities to maximize shareholder value and has engaged with multiple potential counterparties. Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others.
PJT Partners LP is serving as financial advisor, and Hogan Lovells as legal counsel for the discussions.