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.
Playa Hotels & Resorts N.V. (PLYA) maintains a leading position in luxury all-inclusive resort operations across premier Caribbean destinations. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping the beachfront hospitality sector.
Access official press releases and curated news coverage detailing PLYA's resort expansions, operational milestones, and brand partnerships. Our aggregation includes earnings announcements, management updates, and market analyses relevant to the company's portfolio of Hyatt, Hilton, and Jewel-branded properties.
Key focus areas include capital allocation strategies, guest experience innovations, and sustainability initiatives within PLYA's Mexico and Caribbean operations. Bookmark this page for streamlined monitoring of the company's progress in delivering integrated vacation experiences while maintaining operational excellence.
On December 20, 2021, Playa Hotels & Resorts (NASDAQ: PLYA) announced the promotion of Fernando Mulet to Chief Investment Officer. Mulet will expand his responsibilities, leading The Playa Collection and overseeing third-party resort management operations. Additional changes include Dean Sullivan being promoted to senior vice president of sales and marketing, and Danny Rose rising to senior vice president of ecommerce and marketing. These moves aim to enhance Playa's strategic growth in the competitive all-inclusive resort market.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced an underwritten secondary offering of 8,352,553 Ordinary Shares at $8.35 per share, totaling approximately $69.7 million in gross proceeds. The offering, set to close on November 12, 2021, is solely for selling shareholders linked to Farallon Capital Management, and Playa will not receive any proceeds. This transaction marks the exit of the Farallon Funds from beneficial ownership in Playa. BofA Securities is the sole underwriter for this offering, which follows an effective shelf registration statement.
On November 8, 2021, Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced a secondary offering of 8,352,553 Ordinary Shares by certain selling shareholders affiliated with Farallon Capital Management. Playa will not offer any shares or receive proceeds from this offering. The shares represent all Ordinary Shares held by the Farallon Funds, and none of Playa's executives are involved in the sale. BofA Securities is the sole underwriter for this offering, made under an effective shelf registration statement, and details can be found in the SEC filings.
Playa Hotels & Resorts N.V. (PLYA) reported significant financial improvements for the three and nine months ending September 30, 2021. The net loss declined to $12.4 million from $78.6 million in 2020, while the adjusted net loss was $13.7 million, a notable reduction compared to the previous year. Owned Resort EBITDA surged by 327.9% to $40.8 million, and adjusted EBITDA rose by 221.6% to $31.8 million. Occupancy rates increased significantly, and forward bookings for the fourth quarter are 25% above 2019 levels, indicating strong recovery momentum in their operations.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) will release its Q3 2021 financial results on November 3, 2021, after market close. A conference call is scheduled for November 4, 2021, at 12:00 p.m. EDT to discuss the results. Participants can join by calling (888) 317-6003 domestically or (412) 317-6061 internationally. The conference ID is 6470216. A replay will be available two hours post-call until November 11, 2021. Investors can also access a webcast on Playa's investor relations website.
Wyndham Hotels & Resorts (NYSE: WH) has launched a new all-inclusive resort brand, Wyndham Alltra, in partnership with Playa Hotels & Resorts (NYSE: PLYA). This marks Wyndham's 22nd brand, catering to the upper-midscale all-inclusive segment. The first resorts, Wyndham Alltra Cancun and Wyndham Alltra Playa del Carmen, are set to open post-renovation by December 2021. Wyndham aims to leverage its 89 million Wyndham Rewards members to enhance guest experiences and drive sales through this alliance, offering unique amenities and dining options.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) released a performance update for July and August, reporting an occupancy rate of 63.8% and a Net Package Average Daily Rate (ADR) of $328. This ADR indicates a 34% increase compared to the same period in 2019. The CEO, Bruce Wardinski, noted that while a decline in ADR was anticipated due to seasonal factors, the results exceeded expectations significantly, being over 30% higher than 2019 levels.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) announced that Darling Mendez, Club Manager at Hyatt Zilara and Hyatt Ziva Cap Cana, received the 2021 Caribbean Rising Star Award at the CHRIS Summit on August 31, 2021. This annual award recognizes emerging leaders in hospitality under 35 years old, with Mendez being the third consecutive winner from Playa. Mendez has demonstrated exceptional service and leadership throughout her decade-long career, with multiple awards for her performance, highlighting Playa's commitment to developing talent.
Playa Hotels & Resorts N.V. reported a net loss of $7.8 million for Q2 2021, significantly down from $87.5 million in 2020. Adjusted net loss was $9.6 million, improving from $60.3 million a year prior. Owned Resort EBITDA surged 234.9% to $32.1 million. For the first half, net loss decreased to $77.5 million from $110 million in 2020, with adjusted net loss of $60.5 million compared to $58.9 million year-over-year. The company noted improved performance across its resorts, especially in Mexico, with Q3 revenue projected to exceed 2019 levels by nearly 30%.
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