Playa Hotels & Resorts N.V. (NASDAQ: PLYA) Finalizes the Auction of the Capri Hotel

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) today announced that it had accomplished the auction of the Capri Hotel for a genuine concern of $55 million in money. 

New owner signs franchise agreement with Hyatt Hotels

In combination with the deal’s conclusion, the new proprietor has signed a grant contract with Hyatt Hotels to rebrand the hotel like the Hyatt Zilara Riviera Maya following face-lifts.

“We are extremely excited to be toting the Hyatt Zilara Riviera Maya to our coped resort collection,” said Bruce Wardinski, Chairman and CEO of Playa Hotels & Resorts. “I am happy to watch this resort attain its full latent following its relocation and imprinting, driving worth for our new associates, contacts and stockholders.”

The deal augmented the company’s fluidity by about $48.8 million, replicating the $55 million reflection net of usual concluding prices.

Profits from the sale of the resort will be used for general business drives and reducing the company’s unpaid debt.

The company reorganizes its 2021 annual general meeting of stockholders

The company has reorganized its 2021 annual general meeting of stockholders to Tuesday, June 29, 2021, at 4:00 p.m. Central European Summer Time (CEST). The reorganized AGM will be held at the company’s headquarters, situated at Nieuwezijds Voorburgwal 104, 1012 SG Amsterdam, the Netherlands. At the reorganized AGM, the company’s stockholders of record as of June 1, 2021, will elect upon the same tenders defined in the company’s conclusive deputation declaration filed with the Securities and Exchange Commission on April 19, 2021. Substitutions that have been transported or ballots that have been received for the AGM initially arranged for May 13, 2021, will not be binding. The company supposes to distribute proxy resources for the reorganized AGM opening on or about June 3, 2021. The summit has been reorganized to obey a governmental Dutch law announcement obligation.

Playa Hotels is a leading proprietor, operative, and creator of all-inclusive resorts in prime beachfront localities in widespread holiday terminuses in Mexico and the Caribbean. Playa possesses and copes 22 resorts (8,366 rooms) situated in Mexico, Jamaica, and the Dominican Republic.

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