Hayatt makes offer for all outstanding shares of Playa at US$13.50 per share






Playa's Board of Directors has approved an agreement pursuant to which a wholly-owned subsidiary of Hyatt Hotels Corporation has commenced a tender offer for all outstanding shares of Playa for $13.50 per share in cash.

Management stated, “ The Playa executive team fully supports the transaction and believes it is an incredibly attractive outcome for all Playa stakeholders."


Bruce D. Wardinski, Chairman and CEO of Playa Hotels & Resorts reported this new offer in the company’s latest financials. He also reports that the company exceeded its forecast for the fourth quarter as demand continued to improve in the fourth quarter following the significant disruption caused by Hurricane Beryl.

Favorable foreign currency exchange rates, business interruption insurance proceeds of $1.1 million and continued expense control were also meaningful contributors to the bottom line in the fourth quarter.

Year Ended December 31, 2024, Results
Net Income was $73.8 million compared to $53.9 million in 2023
Adjusted Net Income(1) was $81.2 million compared to $66.3 million in 2023
Net Package RevPAR increased 7.3% versus 2023 to $332.20, driven by a 5.0% increase in Net Package ADR and a 1.6 percentage point increase in Occupancy
Comparable Net Package RevPAR decreased 0.6% versus 2023 to 350.30, driven by a 1.8 percentage point decrease in Occupancy, partially offset by a 1.8% increase in Net Package ADR
Owned Resort EBITDA(1) decreased 5.0% versus 2023 to $302.8 million
Owned Resort EBITDA Margin(1) decreased 0.6 percentage points versus 2023 to 34.0%, inclusive of:

Looking back at the full year, foreign currency tailwinds helped offset higher than expected construction disruption related to our renovation work in the Pacific Coast but the significant impact on our results in Jamaica from Hurricane Beryl and the travel warning issued early in the year led to a year-over-year decline in Adjusted EBITDA in 2024. Our teams in the Yucatan Peninsula and Dominican Republic continued to execute at a high level, delivering underlying Owned Resort EBITDA growth, adjusting for foreign currency fluctuations and business interruption proceeds.

As of December 31, 2024, Playa owned and/or managed a total portfolio consisting of 24 resorts (8,627 rooms) located in Mexico, Jamaica, and the Dominican Republic. In Mexico, the Fown and manage Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos. In Jamaica, we own and manage Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, we own and manage Hilton La Romana All-Inclusive Family Resort, Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, and Hyatt Ziva Cap Cana.

Playa also manages eight resorts on behalf of third-party owners. Playa currently owns and/or manages resorts under the following brands: Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts and The Luxury Collection.


Photo by Forbes. Hyatt is expanding its resorts portfolio.

Information source: Press release.

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