FAIRFAX, Va., April 18, 2025 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it plans to release its first quarter 2025 financial results after the market closes on Monday, May 5, 2025. The Company will not host a conference call in conjunction with the release given the proposed transaction with Hyatt Hotels Corporation.
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 22 resorts (8,342 rooms) under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, 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.
These renovations, which feature refreshed accommodations, dining experiences, and more, elevate the guest experience
FORT LAUDERDALE, Fla., April 8, 2025 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA, Playa), a leading owner and operator of all-inclusive resorts in Mexico and the Caribbean, has completed transformative renovations at Hyatt Ziva Puerto Vallarta, part of Hyatt Hotels Corporation's Inclusive Collection. With a $20 million investment, these enhancements elevate the guest experience with reimagined accommodations, new culinary concepts, and expanded amenities, just in time for an unforgettable spring and summer season.
FAIRFAX, Va., Feb. 25, 2025 /PRNewswire/ -- Playa Hotels & Resorts N.V. (the "Company") (NASDAQ: PLYA) today announced results of operations for the three months and year ended December 31, 2024.
Three Months Ended December 31, 2024 Results
Net Income was $9.0 million compared to $1.0 million in 2023Adjusted Net Income(1) was $9.8 million compared to $6.0 million in 2023Net Package RevPAR increased 8.0% versus 2023 to $325.50, driven by a 6.4% increase in Net Package ADR and a 1.1 percentage point increase in OccupancyComparable Net Package RevPAR decreased 1.2% versus 2023 to $334.72, driven by a 1.3% decrease in Net Package ADR while Occupancy was flatOwned Resort EBITDA(1) decreased 8.8% versus 2023 to $67.1 millionOwned Resort EBITDA Margin(1) decreased 0.5 percentage points versus 2023 to 32.4%, inclusive of:a positive impact of approximately 200 basis points due to the depreciation of the Mexican Peso; andpositive impacts of 50 basis points for the three months ended December 31, 2024, compared to 40 basis points for the three months ended December 31, 2023 from business interruption insurance proceeds and recoverable expenses related to disruption caused by Hurricane Fiona in the Dominican Republic in the second half of 2022Excluding these impacts, Owned Resort EBITDA Margin would have been 29.9%, a decrease of 2.6 percentage points compared to 2023Adjusted EBITDA(1) decreased 8.3% versus 2023 to $55.8 million, inclusive of:a positive impact of approximately $4.3 million due to the depreciation of the Mexican Peso; andpositive impacts of $1.1 million for the three months ended December 31, 2024 and $0.9 million for the three months ended December 31, 2023 from business interruption insurance proceeds and recoverable expensesAdjusted EBITDA Margin(1) decreased 0.3 percentage points versus 2023 to 26.5%, inclusive of:a positive impact of approximately 200 basis points due to the depreciation of the Mexican Peso; andpositive impacts of 50 basis points for the three months ended December 31, 2024 and 40 basis points for the three months ended December 31, 2023 from business interruption insurance proceeds and recoverable expensesExcluding these impacts, Adjusted EBITDA Margin would have been 24.0%, a decrease of 2.4 percentage points compared to 2023Comparable Adjusted EBITDA decreased 5.5% versus 2023 to $47.8 millionComparable Adjusted EBITDA Margin decreased 1.4 percentage points versus 2023 to 26.0%MILWAUKEE, Feb. 25, 2025 /PRNewswire/ -- The Ademi Firm is investigating Playa (NASDAQ: PLYA) for possible breaches of fiduciary duty and other violations of law in its transaction with Hyatt.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, Playa stockholders will receive only $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Hyatt is currently the beneficial owner of 9.4% of Playa's outstanding shares. Playa insiders will receive substantial benefits as part of change of control arrangements.
NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Playa Hotels & Resorts N.V. (Nasdaq: PLYA), relating to the proposed merger with Hyatt Hotels Corporation. Under the terms of the agreement, Hyatt will acquire all outstanding shares of Playa for $13.50 per share in cash.
The new adults-only resort operated by Playa Hotels & Resorts opens its doors today
FORT LAUDERDALE, Fla., Jan. 30, 2025 /PRNewswire/ -- Playa Hotels & Resorts and Marriott International are thrilled to announce the grand opening of Paraiso de la Bonita, a Luxury Collection Resort, Riviera Maya, Adult All-Inclusive. This boutique, adult all-inclusive retreat marks a significant milestone in the collaboration between Playa Hotels & Resorts and Marriott International, redefining the essence of luxury and sophistication in Riviera Maya.
FAIRFAX, Va., Jan. 24, 2025 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it plans to release its fourth quarter 2024 financial results after the market closes on Tuesday, February 25, 2025, with a conference call planned for Wednesday, February 26, 2025, at 08:30 a.m. Eastern Standard Time, to discuss the results.
The conference call can be accessed by dialing (888) 317-6003 for domestic participants and (412) 317-6061 for international participants.
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.
Wyndham Alltra Punta Cana—brand's second all-inclusive in the Dominican—to open April 1, 2025
FORT LAUDERDALE, Fla., Dec. 12, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (Playa), a leading owner and operator of all-inclusive resorts in Mexico and the Caribbean today announced reservations are officially open for Wyndham Alltra Punta Cana, its newest managed all-inclusive property, for stays beginning April 1, 2025.
FAIRFAX, Va., Nov. 6, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (the "Company" or "Playa") (NASDAQ: PLYA) today announced results of operations for the three and nine months ended September 30, 2024.
Three Months Ended September 30, 2024 Results
Net Loss was $2.7 million compared to $10.5 million in 2023Adjusted Net Income(1) was $0.3 million compared to an Adjusted Net Loss(1) of $9.7 million in 2023Net Package RevPAR decreased 6.4% over 2023 to $252.12, driven by a 7.3 percentage point decrease in Occupancy, partially offset by a 4.3% increase in Net Package ADRComparable Net Package RevPAR decreased 9.4% over 2023 to $275.97, driven by a 5.9 percentage point decrease in Occupancy and a 1.5% decrease in Net Package ADROwned Resort EBITDA(1) decreased 30.7% versus 2023 to $36.6 millionOwned Resort EBITDA Margin(1) decreased 5.1 percentage points versus 2023 to 21.1%. The depreciation of the Mexican Peso, net of foreign currency forward contracts, favorably impacted Owned Resort EBITDA Margin by approximately 170 basis points for the three months ended September 30, 2024. Business interruption insurance proceeds and recoverable expenses related to Hurricane Fiona positively impacted Owned Resort EBITDA Margin by approximately 40 basis points for the three months ended September 30, 2024 and by 50 basis points for the three months ended September 30, 2023. Excluding these impacts, Owned Resort EBITDA Margin would have been 19.1%, a decrease of 6.6 percentage points compared to 2023Adjusted EBITDA(1) decreased 38.0% versus 2023 to $25.1 million, positively impacted by approximately $3.0 million due to the depreciation of the Mexican Peso, net of foreign currency forward contracts, and by $0.7 million from business interruption insurance proceeds and recoverable expenses. For the three months ended September 30, 2023, Adjusted EBITDA was positively impacted by $1.0 million from business interruption insurance proceeds and recoverable expensesAdjusted EBITDA Margin(1) decreased 5.6 percentage points versus 2023 to 14.2%, positively impacted by approximately 160 basis points due to the depreciation of the Mexican Peso, net of foreign currency forward contracts, and by 40 basis points from business interruption insurance proceeds and recoverable expenses. For the three months ended September 30, 2023, Adjusted EBITDA Margin was positively impacted by 50 basis points from business interruption insurance proceeds and recoverable expenses. Excluding these impacts, Adjusted EBITDA Margin would have been 12.2%, a decrease of 7.2 percentage points compared to 2023Comparable Adjusted EBITDA(1) decreased 36.9% versus 2023 to $22.7 millionComparable Adjusted EBITDA Margin(1) decreased 6.8 percentage points versus 2023 to 14.9%FAIRFAX, Va., Oct. 7, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it plans to release its third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024, with a conference call planned for Thursday, November 7, 2024, at 09:00 a.m. Eastern Time, to discuss the results.
The conference call can be accessed by dialing (888) 317-6003 for domestic participants and (412) 317-6061 for international participants.
FAIRFAX, Va., Sept. 23, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") today announced that it has closed on the sale of the Jewel Palm Beach resort for a total consideration of $68 million in cash. The Company expects total net proceeds of approximately $64 million.
Proceeds from the transaction will be utilized for general corporate purposes.
About Playa Hotels & Resorts N.V.
Kimpton Tres Rios is now open for early 2025 reservations
FORT LAUDERDALE, Fla., Sept. 23, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (Playa), a leading owner and operator of all-inclusive resorts in Mexico and the Caribbean today announced reservations are officially open for Kimpton Tres Rios, its newest managed all-inclusive property, for stays in early 2025. Kimpton Tres Rios marks an important first for the Kimpton brand, part of IHG Hotels & Resorts luxury and lifestyle portfolio, as the first all-inclusive resort for the renowned boutique luxury brand.
FAIRFAX, Va., Aug. 26, 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 Palm Beach for a total consideration of $68 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 third quarter of 2024.
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