Playa Hotels & Resorts (PLYA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a cha ...

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 ...

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) 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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

Company Overview - Playa Hotels & Resorts N.V. is a leading owner, operator, and developer of all-inclusive resorts located in prime beachfront areas in Mexico, Jamaica, and the Dominican Republic [7] - The company currently owns and/or manages a total portfolio of 25 resorts, comprising 9,127 rooms under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others [7] - Playa leverages its extensive experience in all-inclusive resort operations and partnerships with globally recognized hospitality brands to enhance guest experiences and drive customer loyalty [7] Upcoming Financial Results - The company plans to release its second quarter 2024 financial results after the market closes on August 5, 2024 [1] - A conference call to discuss the results is scheduled for August 6, 2024, at 08:30 a.m. Eastern Standard Time [1] - Interested parties can access a taped replay of the conference call starting two hours after its completion, available until August 15, 2024 [2]