Playa Hotels & Resorts(US:PLYA)2019-03-01 13:12Financial Performance - Q4 2018 - Total net revenue for the total portfolio was $123.5 million[11], while adjusted EBITDA reached $37.1 million, a 19.5% increase compared to 2017[11, 12] - For the comparable portfolio, net revenue increased by 0.7% to $124.4 million, and adjusted EBITDA increased by 9.6% to $34.1 million[26] - Net Package RevPAR for the total portfolio decreased by 1.1% while Net Package ADR decreased by 0.8%[8] - Net Package RevPAR for the comparable portfolio increased by 1.3%[23] Financial Performance - Year Ended 2018 - Total net revenue for the total portfolio was $598.6 million, a 9.6% increase compared to 2017[42], and adjusted EBITDA increased by 4.8% to $179.0 million[42, 43] - For the comparable portfolio, net revenue increased slightly by 0.3% to $547.8 million, but adjusted EBITDA decreased by 1.3% to $168.6 million[55, 56] - Net Package RevPAR for the total portfolio decreased by 1.6%[38] - Net Package RevPAR for the comparable portfolio increased by 0.6%[52] Regional Performance - Q4 2018 - Resort EBITDA in Mexico increased 14.8% to $31.8 million[12, 28] - Resort EBITDA in the Dominican Republic decreased 3.0% to $6.1 million[12, 28] - Resort EBITDA in Jamaica increased significantly by 70.8% to $7.5 million[12] Debt Overview - Total debt stood at $996.5 million as of December 31, 2018[64] - Net debt was $880.1 million, which adjusted for Cap Cana spend is $738.2 million[64] - The company's revolving credit facility had a total borrowing capacity of $100.0 million[65]