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Playa Hotels Stock Pops on Acquisition Negotiations With Hyatt
Investopedia· 2024-12-23 18:00
Key TakeawaysShares of Playa Hotels jumped Monday after the hotel operator said it is in discussions to be acquired by Hyatt Hotels.The exclusivity agreement Playa and Hyatt signed will run until either a deal is reached, or through Feb. 3.Playa operates two dozen resorts across Jamaica, the Dominican Republic, and Mexico, including collaborations with Hyatt, Wyndham, and Hilton. Playa Hotels' (PLYA) shares surged Monday after the resort operator said it has entered into an agreement to explore a potential ...
Playa Hotels & Resorts N.V. Confirms Exclusive Discussions With Hyatt Hotels Corporation Regarding Potential Strategic Options
Prnewswire· 2024-12-23 11:26
FAIRFAX, Va., Dec. 23, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company" or "Playa") today confirmed it has executed an exclusivity agreement with Hyatt Hotels Corporation (NYSE: H) ("Hyatt") under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic options, which may include the acquisition of the Company by Hyatt. The exclusivity agreement will remain in place until the earlier of the execution of a definitive agreement for such transaction ...
Playa Hotels & Resorts(PLYA) - 2024 Q3 - Earnings Call Transcript
2024-11-09 17:29
Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Ryan Hymel - EVP and CFO Bruce Wardinski - Chairman and CEO Conference Call Participants Patrick Scholes - Truist Smedes Rose - Citi Tyler Batory - Oppenheimer Chad Beynon - Macquarie Operator Good day, and welcome to the Playa Hotels & Resorts Third Quarter 2024 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will b ...
Playa Hotels & Resorts (PLYA) Reports Break-Even Earnings for Q3
ZACKS· 2024-11-07 00:00
Playa Hotels & Resorts (PLYA) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this developer and operator of all-inclusive resorts would post earnings of $0.10 per share when it actually produced earnings of $0.12, delivering a surprise of 20%.Over the ...
Playa Hotels & Resorts(PLYA) - 2024 Q3 - Quarterly Report
2024-11-06 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________ FORM 10-Q _______________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NO. 1-38012 Playa Hotels & Resorts N.V. (Exact name of registrant as specified in i ...
Playa Hotels & Resorts N.V. Reports Third Quarter 2024 Results
Prnewswire· 2024-11-06 21:05
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 2023 Adjusted Net Income(1) was $0.3 million compared to an Adjusted Net Loss(1) of $9.7 million in 2023 Net Package RevPAR decreased 6.4% over 2023 to $252.12, driven by a 7.3 percentage point decrease in ...
Playa Hotels & Resorts(PLYA) - 2024 Q3 - Quarterly Results
2024-11-06 21:01
Company Contact Ryan Hymel, EVP and Chief Financial Officer (571) 529-6113 Playa Hotels & Resorts N.V. Reports Third Quarter 2024 Results Fairfax, VA, November 6, 2024 – 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 2023 ▪ Adjusted Net Income was $0.3 million compared to an Adjusted Net Los ...
Playa Hotels & Resorts N.V. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-10-07 20:05
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. The elite entry nu ...
Playa Hotels & Resorts N.V. Completes the Sale of Jewel Palm Beach
Prnewswire· 2024-09-23 12:30
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. Playa Hotels & Resorts N.V., through its subsidiaries (NASDAQ: PLYA, "Playa"), is a leading owner, ...
Playa Hotels & Resorts N.V. Announces the Sale of Jewel Palm Beach
Prnewswire· 2024-08-26 13:00
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. About Playa Hotels & Resorts N.V. Pla ...