Playa Hotels & Resorts N.V. , leader hospitality company specialized in luxury all - inclusive oceanfront resorts in the Caribbean and Mexico, headquartered in Fairfax – Virginia - U.S. announced that is entered into a binding agreement with a third party to sell the Jewel Paradise Cove Beach Resort situated at Runaway Bay, 1.5 kilometres from the Runaway Bay Golf Course and 73 kilometres from Sangster International Airport in Jamaica for a total consideration of $28.5 million in Cash.
The Jewel Paradise Cove Beach Resort boasts the adults - only stamp, set on
a private beach is part of of Jewels Resorts brand, owned, operated and
developed by Playa Hotels & Resorts N.V. and its sale is subject to
customary closing conditions, and the Company offers no assurances that this
sale will be completed, expecting the transaction to close in the first quarter
of 2025.
Playa Hotels & Resorts N.V. is operating and managing a total portfolio consisting of 24 resorts in prime beachfront locations in Jamaica, Mexico and the Dominican Republic with 8.627 rooms 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.
Link - https://investors.playaresorts.com/2024-12-31-Playa-Hotels-Resorts-N-V-Announces-the-Sale-of-Jewel-Paradise-Cove
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