On this page of StockholderLetter.com we present the latest annual shareholder letter from Playa Hotels & Resorts N.V. — ticker symbol PLYA. Reading current and past PLYA letters to shareholders can bring important insights into the investment thesis.
ANNUAL REPORT
2023
Hiltton Playa
Playa
ay del
d Car
a men
en
VALUED SHAREHOLDERS,
Playa   s best in class Service From the Heart led to another excellent year in
2023, as our value proposition continued to resonate with our guests. The
compelling value of our all-inclusive offering at a time of rapidly rising costs
for many consumer facing items will continue to be an important competitive
advantage for Playa and our ability to sustain growth in the future. We were
able to deliver value to our guests while growing RevPAR 14%, leading to
UHFRUG $GMXVWHG (%,7'$ DQG IUHH FDVK   RZ  7KH IXQGDPHQWDO LPSURYHPHQW LQ 
2023 was led by our resorts in Jamaica, following the removal of COVID-19
related travel restrictions during the second quarter of 2022. The year was
not without challenges, as the transition of resort operations at the two Jewel
resorts in the Dominican Republic and adverse foreign currency exchange
UDWH  );     XFWXDWLRQV  ZHUH  PHDQLQJIXO  KHDGZLQGV  GXULQJ         'HVSLWH 
the challenges presented by FX and the two Jewel resorts in the Dominican
Republic, we still managed to generate our highest annual ADR, RevPAR,
and Adjusted EBITDA in the Company   s history. We expect leisure demand
to remain steady in 2024 and remain focused on managing what is in our
control to continue offering a compelling value proposition to our guests
and driving growth for our shareholders through prudent capital allocation
and portfolio optimization.
2023 FINANCIAL PERFORMANCE HIGHLIGHTS
As we outlined in the beginning of the year, we expected more robust
  QDQFLDO  UHVXOWV  GXULQJ  WKH    UVW  KDOI  RI        GXH  WR  WKH  QHJDWLYH  LPSDFW 
IURP WKH 2PLFURQ YDULDQW H[SHULHQFHG GXULQJ WKH   UVW KDOI RI       DQG WKDW 
results would moderate to a more normalized level in the second half of the
year. That expectation largely came to fruition as our ADR growth moderated
to healthy mid-to-high single digit year-over-year growth during the second
KDOI RI WKH \HDU  +RZHYHU  RXU FRQWLQXHG IRFXV RQ RSHUDWLQJ HI  FLHQF\ KHOSHG 
RIIVHW WKH LPSDFW RI HOHYDWHG H[SHQVH LQ  DWLRQ DQG PRUH QRUPDOL]HG $'5 
growth. Adjusting for the impact of Hurricane Fiona related disruptions
and business interruption insurance proceeds, we were able to drive yearover-year margin expansion, on a currency neutral basis, in our core legacy
portfolio during the second half of 2023.
Jamaica was our standout segment of the year, with year-over-year RevPAR
growth of nearly 26% driving Owned Resort EBITDA growth of 43%. We
ZHUH  FRQ  GHQW  WKDW  -DPDLFD  ZRXOG  VHH  D  KHDOWK\  UHFRYHU\  DIWHU  -DPDLFD 
removed their travel restrictions in the second quarter of 2022, as this was
our best performing segment prior to the pandemic, and we did not believe
WKHUH  ZHUH  DQ\  VWUXFWXUDO  FKDQJHV  LQ  WKH  PDUNHW  WR  SUHYHQW  D  VLJQL  FDQW 
improvement in fundamentals.
,Q  WKH  'RPLQLFDQ  5HSXEOLF   RXU    DJVKLS  +\DWW  =LYD  DQG  +\DWW  =LODUD  &DS 
Cana property continued to set the standard in the market and delivered
another excellent year, but the segment faced a substantial headwind from
the Jewel Punta Cana and Jewel Palm Beach resorts, which experienced an
XQSUR  WDEOH \HDU LQ      IROORZLQJ WKH GLVUXSWLRQ LQ RSHUDWLRQV DV D UHVXOW 
of the change in resort management. Subsequently, we announced the sale
of the Jewel Punta Cana resort during the fourth quarter of 2023 and are
actively pursuing the disposition of the Jewel Palm Beach resort.
Despite being one of the best performing markets during the pandemicera and leading the way during the recovery, both of our major segments
in Mexico continued to show healthy fundamental growth in 2023. In
anticipation of a return to more moderate levels of growth, we strategically
realigned our operations management and implemented changes to our
VWDI  QJ  SURWRFROV  DQG  SURFHVVHV   \LHOGLQJ  WDQJLEOH  FRVW  VDYLQJV  ZLWKRXW 
FRPSURPLVLQJ  WKH  JXHVW  H[SHULHQFH   7KH  HI  FLHQF\  PHDVXUHV  UHVXOWHG  LQ 
year-over-year margin expansion in both of our Mexican segments during
the second half of 2023, on a currency neutral basis, as RevPAR growth
PRGHUDWHG  +RZHYHU  RXU HIIRUWV ZHUH ODUJHO\ RIIVHW E\ WKH QHJDWLYH   QDQFLDO 
impact of the appreciation of the Mexican Peso versus the U.S. Dollar, which
was a $25 million headwind in 2023.
Putting it all together, we were able to deliver record Adjusted EBITDA
of $272 million in 2023, despite the negative impacts from the Jewel
resorts in the Dominican Republic and foreign currency exchange rate
headwinds. We will continue executing our strategic objectives in 2024
and are expecting to deliver Adjusted EBITDA of $250-275 million for
WKH IXOO \HDU  :H LQYHVWHG LQ WKH JXHVW H[SHULHQFH E\ VWDI  QJ RXU UHVRUWV 
to focus on service, which we believe will continue to pay off as our
value proposition resonate with consumers.
SIGNIFICANTLY IMPROVED LIQUIDITY PROFILE AND CASH FLOWS
We entered 2023 with nearly $816 million of net debt and trailing
12-month leverage of approximately 3.4x and exited 2023 with
nearly $817 million of net debt and trailing 12-month leverage of
DSSUR[LPDWHO\    [  UH  HFWLQJ WKH VLJQL  FDQW IUHH FDVK   RZ JHQHUDWLRQ 
of the business and our strategic resort portfolio optimization actions.
We were able to lower our net leverage ratio while reinvesting in
our assets and returning capital to shareholders through our share
repurchases.
$V \RX PD\ UHFDOO  ZH UH  QDQFHG RXU GHEW DQG LQFUHDVHG WKH FDSDFLW\ 
of our Revolving Credit Facility during the fourth quarter of 2022.
In April of 2023, we entered into two interest rate swaps to mitigate
WKH   RDWLQJ LQWHUHVW UDWH ULVN RQ RXU WHUP ORDQ GXH       6HSDUDWHO\  
in January of 2024, we entered into FX forwards to hedge part of
RXU  H[SRVXUH  WR  WKH    XFWXDWLRQV  RI  WKH  0H[LFDQ  3HVR   SURYLGLQJ 
better visibility for our operations and lower volatility related to the
Mexican Peso. With respect to capital allocation, our Board of Directors
reauthorized a new $200 million share repurchase program in February
of 2023, replacing the prior $100 million authorization announced in
September of 2022. In December of 2023, our Board of Directors once
again authorized another $200 million share repurchase authorization,
which replaced the prior February $200 million authorization that only
SANCTUARY CAP CANA
had approximately $30 million remaining. During 2023, we repurchased
approximately $185 million of our stock and have continued to repurchase
VKDUHV LQ       *LYHQ WKH IUHH FDVK   RZ JHQHUDWLRQ RI RXU EXVLQHVV DQG WKH 
attractive valuation of our stock, we continue to believe that repurchasing
shares is an attractive use of capital on a risk adjusted basis. As of March 31,
2024, we have repurchased approximately $264 million worth of shares,
or approximately 20% of the shares outstanding at the time of the program
reauthorization in September of 2022. We will balance strategic capital
investments in our portfolio with share repurchases and intend to maintain
our leverage ratios well below pre-pandemic levels.
CONTINUED PROGRESS ON STRATEGIC INITIATIVES
With the business fundamentals and net leverage ratio on healthy footing,
we are focused on continuing our portfolio optimization efforts in the
coming years. During the fourth quarter of 2023, we announced the sale of
the Jewel Punta Cana resort for total gross proceeds of $82 million and are
pursuing the disposition of the Jewel Palm Beach resort, as we realign our
capital investments into our resorts with superior long-term competitive
positioning and returns. Our long-term asset planning and capital
investments are critical to our success, facilitating the implementation of
guest feedback while adapting to changes in the market to remain relevant
to guests and driving fundamentals.
2SHUDWLQJ  HI  FLHQF\  LV  D  NH\  VWUDWHJLF  IRFXV  JLYHQ  WKH  HOHYDWHG  OHYHO  RI 
LQ  DWLRQ IRU PDQ\ RI RXU VLJQL  FDQW UHVRUW H[SHQVHV  :H KDYH LQYHVWHG LQ 
RXU SURFXUHPHQW SUDFWLFHV DQG RSHUDWLRQV WHDPV  DQG ZKLOH WKH HI  FLHQF\ 
savings have been excellent thus far, we believe the potential for reducing
costs has a longer runway in both procurement and core resort operations
as vendor contracts mature, best practices are adapted and implemented,
and the process iterates.
The implementation of our third-party owned and operated vacation
membership club program, The Playa Collection (TPC), continued
during 2023 and we expect the roll-out to all of our resorts to be
completed in 2024. While operating only in a portion of our resorts
during 2023, the high margin, capital light fee stream from TPC
reached over $3 million during the year. We expect to see healthy
JURZWK IURP 73& LQ       GULYLQJ FDSLWDO HI  FLHQW JURZWK ZKLOH DOVR 
strengthening our relationships with our guests and further optimizing
our customer acquisition costs.
As we look ahead to 2024, I am encouraged by the demand we are
seeing and our competitive positioning. Our revenue on the books for
2024 is up for every quarter of the year compared to 2023, with ADR for
the comparable portfolio continuing to strengthen. Once again, I have
to thank the extraordinary Playa associates at our resorts that make this
all possible. They represent the very essence of hospitality and truly
bring to life our Service From the Heart guest focus. I would also like
WR WKDQN RXU LQYHVWRUV IRU \RXU RQJRLQJ VXSSRUW DQG FRQ  GHQFH LQ WKH 
Playa team.
Sincerely,
BRUCE D. WARDINSKI
&KDLUPDQ DQG &KLHI ([HFXWLYH 2I  FHU
OUR RESORTS
DOMINICAN REPUBLIC
HYATT ZILARA
CAP CANA
HYATT ZIVA
CAP CANA
HILTON LA ROMANA
FAMILY RESORT
375 Rooms | Adults-Only
Cap Cana, Dominican Republic
375 Rooms | All-Ages
Cap Cana, Dominican Republic
418 Rooms | All-Ages
La Romana, Dominican Republic
HILTON LA ROMANA
ADULT RESORT
SANCTUARY
CAP CANA*
JEWEL
PALM BEACH
356 Rooms | Adults-Only
La Romana, Dominican Republic
324 Rooms | Adults-Only
Punta Cana, Dominican Republic
500 Rooms | All-Ages
Punta Cana, Dominican Republic
MEXICO
JEWEL PUNTA CANA*
WYNDHAM ALLTRA SAMANA*
HYATT ZILARA CANCUN
620 Rooms | All-Ages
Punta Cana, Dominican Republic
404 Rooms | All-Ages
Samana, Dominican Republic
310 Rooms | Adults-Only
Cancun, Mexico
HYATT ZIVA
CANCUN
HYATT ZIVA
LOS CABOS
HYATT ZIVA PUERTO
VALLARTA
547 Rooms | All-Ages
Cancun, Mexico
591 Rooms | All-Ages
Cabo San Lucas, Mexico
335 Rooms | All-Ages
Puerto Vallarta, Mexico
* Managed by Playa Hotels & Resorts, owned by a third-party
WYNDHAM ALLTRA
CANCUN
WYNDHAM ALLTRA
PLAYA DEL CARMEN
WYNDHAM ALLTRA
VALLARTA*
458 Rooms | All-Ages
Cancun, Mexico
287 Rooms | Adults-Only
Playa del Carmen, Mexico
229 Rooms | All-Ages
Nuevo Vallarta, Mexico
HILTON
PLAYA DEL CARMEN
KIMPTON
HACIENDA TRES RIOS*
SEADUST CANCUN
FAMILY RESORT*
524 Rooms | Adults-Only
Playa del Carmen, Mexico
255 Rooms | All-Ages
Playa del Carmen, Mexico
502 Rooms | All-Ages
Cancun, Mexico
JAMAICA
THE YUCATAN RESORT
PLAYA DEL CARMEN*
HILTON ROSE HALL
RESORT & SPA
JEWEL PARADISE COVE
BEACH RESORT & SPA
60 Rooms | Adults-Only
Playa del Carmen, Mexico
495 Rooms | All-Ages
Montego Bay, Jamaica
225 Rooms | Adults-Only
Runaway Bay, Jamaica
HYATT ZILARA
ROSE HALL
HYATT ZIVA
ROSE HALL
JEWEL GRANDE MONTEGO
BAY RESORT & SPA +
344 Rooms | Adults-Only
Montego Bay, Jamaica
276 Rooms | All-Ages
Montego Bay, Jamaica
217 Rooms | All-Ages
Montego Bay, Jamaica
* Managed by Playa Hotels & Resorts, owned by a third-party
+ Two towers are managed by Playa Hotels & Resorts and owned by a third-party, and one tower is owned by Playa Hotels & Resorts
 • shareholder letter icon 4/22/2024 Letter Continued (Full PDF)
 • stockholder letter icon 4/17/2023 PLYA Stockholder Letter
 • stockholder letter icon More "Hotels" Category Stockholder Letters
 • Benford's Law Stocks icon PLYA Benford's Law Stock Score = 97


PLYA Shareholder/Stockholder Letter Transcript:

ANNUAL REPORT
2023
Hiltton Playa
Playa
ay del
d Car
a men
en

VALUED SHAREHOLDERS,
Playa   s best in class Service From the Heart led to another excellent year in
2023, as our value proposition continued to resonate with our guests. The
compelling value of our all-inclusive offering at a time of rapidly rising costs
for many consumer facing items will continue to be an important competitive
advantage for Playa and our ability to sustain growth in the future. We were
able to deliver value to our guests while growing RevPAR 14%, leading to
UHFRUG $GMXVWHG (%,7'$ DQG IUHH FDVK   RZ  7KH IXQGDPHQWDO LPSURYHPHQW LQ 
2023 was led by our resorts in Jamaica, following the removal of COVID-19
related travel restrictions during the second quarter of 2022. The year was
not without challenges, as the transition of resort operations at the two Jewel
resorts in the Dominican Republic and adverse foreign currency exchange
UDWH  );     XFWXDWLRQV  ZHUH  PHDQLQJIXO  KHDGZLQGV  GXULQJ         'HVSLWH 
the challenges presented by FX and the two Jewel resorts in the Dominican
Republic, we still managed to generate our highest annual ADR, RevPAR,
and Adjusted EBITDA in the Company   s history. We expect leisure demand
to remain steady in 2024 and remain focused on managing what is in our
control to continue offering a compelling value proposition to our guests
and driving growth for our shareholders through prudent capital allocation
and portfolio optimization.
2023 FINANCIAL PERFORMANCE HIGHLIGHTS
As we outlined in the beginning of the year, we expected more robust
  QDQFLDO  UHVXOWV  GXULQJ  WKH    UVW  KDOI  RI        GXH  WR  WKH  QHJDWLYH  LPSDFW 
IURP WKH 2PLFURQ YDULDQW H[SHULHQFHG GXULQJ WKH   UVW KDOI RI       DQG WKDW 
results would moderate to a more normalized level in the second half of the
year. That expectation largely came to fruition as our ADR growth moderated
to healthy mid-to-high single digit year-over-year growth during the second
KDOI RI WKH \HDU  +RZHYHU  RXU FRQWLQXHG IRFXV RQ RSHUDWLQJ HI  FLHQF\ KHOSHG 
RIIVHW WKH LPSDFW RI HOHYDWHG H[SHQVH LQ  DWLRQ DQG PRUH QRUPDOL]HG $'5 
growth. Adjusting for the impact of Hurricane Fiona related disruptions
and business interruption insurance proceeds, we were able to drive yearover-year margin expansion, on a currency neutral basis, in our core legacy
portfolio during the second half of 2023.
Jamaica was our standout segment of the year, with year-over-year RevPAR
growth of nearly 26% driving Owned Resort EBITDA growth of 43%. We
ZHUH  FRQ  GHQW  WKDW  -DPDLFD  ZRXOG  VHH  D  KHDOWK\  UHFRYHU\  DIWHU  -DPDLFD 
removed their travel restrictions in the second quarter of 2022, as this was
our best performing segment prior to the pandemic, and we did not believe
WKHUH  ZHUH  DQ\  VWUXFWXUDO  FKDQJHV  LQ  WKH  PDUNHW  WR  SUHYHQW  D  VLJQL  FDQW 
improvement in fundamentals.
,Q  WKH  'RPLQLFDQ  5HSXEOLF   RXU    DJVKLS  +\DWW  =LYD  DQG  +\DWW  =LODUD  &DS 
Cana property continued to set the standard in the market and delivered
another excellent year, but the segment faced a substantial headwind from
the Jewel Punta Cana and Jewel Palm Beach resorts, which experienced an
XQSUR  WDEOH \HDU LQ      IROORZLQJ WKH GLVUXSWLRQ LQ RSHUDWLRQV DV D UHVXOW 
of the change in resort management. Subsequently, we announced the sale
of the Jewel Punta Cana resort during the fourth quarter of 2023 and are
actively pursuing the disposition of the Jewel Palm Beach resort.
Despite being one of the best performing markets during the pandemicera and leading the way during the recovery, both of our major segments
in Mexico continued to show healthy fundamental growth in 2023. In
anticipation of a return to more moderate levels of growth, we strategically
realigned our operations management and implemented changes to our
VWDI  QJ  SURWRFROV  DQG  SURFHVVHV   \LHOGLQJ  WDQJLEOH  FRVW  VDYLQJV  ZLWKRXW 
FRPSURPLVLQJ  WKH  JXHVW  H[SHULHQFH   7KH  HI  FLHQF\  PHDVXUHV  UHVXOWHG  LQ 
year-over-year margin expansion in both of our Mexican segments during
the second half of 2023, on a currency neutral basis, as RevPAR growth
PRGHUDWHG  +RZHYHU  RXU HIIRUWV ZHUH ODUJHO\ RIIVHW E\ WKH QHJDWLYH   QDQFLDO 
impact of the appreciation of the Mexican Peso versus the U.S. Dollar, which
was a $25 million headwind in 2023.
Putting it all together, we were able to deliver record Adjusted EBITDA
of $272 million in 2023, despite the negative impacts from the Jewel
resorts in the Dominican Republic and foreign currency exchange rate
headwinds. We will continue executing our strategic objectives in 2024
and are expecting to deliver Adjusted EBITDA of $250-275 million for
WKH IXOO \HDU  :H LQYHVWHG LQ WKH JXHVW H[SHULHQFH E\ VWDI  QJ RXU UHVRUWV 
to focus on service, which we believe will continue to pay off as our
value proposition resonate with consumers.
SIGNIFICANTLY IMPROVED LIQUIDITY PROFILE AND CASH FLOWS
We entered 2023 with nearly $816 million of net debt and trailing
12-month leverage of approximately 3.4x and exited 2023 with
nearly $817 million of net debt and trailing 12-month leverage of
DSSUR[LPDWHO\    [  UH  HFWLQJ WKH VLJQL  FDQW IUHH FDVK   RZ JHQHUDWLRQ 
of the business and our strategic resort portfolio optimization actions.
We were able to lower our net leverage ratio while reinvesting in
our assets and returning capital to shareholders through our share
repurchases.
$V \RX PD\ UHFDOO  ZH UH  QDQFHG RXU GHEW DQG LQFUHDVHG WKH FDSDFLW\ 
of our Revolving Credit Facility during the fourth quarter of 2022.
In April of 2023, we entered into two interest rate swaps to mitigate
WKH   RDWLQJ LQWHUHVW UDWH ULVN RQ RXU WHUP ORDQ GXH       6HSDUDWHO\  
in January of 2024, we entered into FX forwards to hedge part of
RXU  H[SRVXUH  WR  WKH    XFWXDWLRQV  RI  WKH  0H[LFDQ  3HVR   SURYLGLQJ 
better visibility for our operations and lower volatility related to the
Mexican Peso. With respect to capital allocation, our Board of Directors
reauthorized a new $200 million share repurchase program in February
of 2023, replacing the prior $100 million authorization announced in
September of 2022. In December of 2023, our Board of Directors once
again authorized another $200 million share repurchase authorization,
which replaced the prior February $200 million authorization that only

SANCTUARY CAP CANA
had approximately $30 million remaining. During 2023, we repurchased
approximately $185 million of our stock and have continued to repurchase
VKDUHV LQ       *LYHQ WKH IUHH FDVK   RZ JHQHUDWLRQ RI RXU EXVLQHVV DQG WKH 
attractive valuation of our stock, we continue to believe that repurchasing
shares is an attractive use of capital on a risk adjusted basis. As of March 31,
2024, we have repurchased approximately $264 million worth of shares,
or approximately 20% of the shares outstanding at the time of the program
reauthorization in September of 2022. We will balance strategic capital
investments in our portfolio with share repurchases and intend to maintain
our leverage ratios well below pre-pandemic levels.
CONTINUED PROGRESS ON STRATEGIC INITIATIVES
With the business fundamentals and net leverage ratio on healthy footing,
we are focused on continuing our portfolio optimization efforts in the
coming years. During the fourth quarter of 2023, we announced the sale of
the Jewel Punta Cana resort for total gross proceeds of $82 million and are
pursuing the disposition of the Jewel Palm Beach resort, as we realign our
capital investments into our resorts with superior long-term competitive
positioning and returns. Our long-term asset planning and capital
investments are critical to our success, facilitating the implementation of
guest feedback while adapting to changes in the market to remain relevant
to guests and driving fundamentals.
2SHUDWLQJ  HI  FLHQF\  LV  D  NH\  VWUDWHJLF  IRFXV  JLYHQ  WKH  HOHYDWHG  OHYHO  RI 
LQ  DWLRQ IRU PDQ\ RI RXU VLJQL  FDQW UHVRUW H[SHQVHV  :H KDYH LQYHVWHG LQ 
RXU SURFXUHPHQW SUDFWLFHV DQG RSHUDWLRQV WHDPV  DQG ZKLOH WKH HI  FLHQF\ 
savings have been excellent thus far, we believe the potential for reducing
costs has a longer runway in both procurement and core resort operations
as vendor contracts mature, best practices are adapted and implemented,
and the process iterates.
The implementation of our third-party owned and operated vacation
membership club program, The Playa Collection (TPC), continued
during 2023 and we expect the roll-out to all of our resorts to be
completed in 2024. While operating only in a portion of our resorts
during 2023, the high margin, capital light fee stream from TPC
reached over $3 million during the year. We expect to see healthy
JURZWK IURP 73& LQ       GULYLQJ FDSLWDO HI  FLHQW JURZWK ZKLOH DOVR 
strengthening our relationships with our guests and further optimizing
our customer acquisition costs.
As we look ahead to 2024, I am encouraged by the demand we are
seeing and our competitive positioning. Our revenue on the books for
2024 is up for every quarter of the year compared to 2023, with ADR for
the comparable portfolio continuing to strengthen. Once again, I have
to thank the extraordinary Playa associates at our resorts that make this
all possible. They represent the very essence of hospitality and truly
bring to life our Service From the Heart guest focus. I would also like
WR WKDQN RXU LQYHVWRUV IRU \RXU RQJRLQJ VXSSRUW DQG FRQ  GHQFH LQ WKH 
Playa team.
Sincerely,
BRUCE D. WARDINSKI
&KDLUPDQ DQG &KLHI ([HFXWLYH 2I  FHU

OUR RESORTS
DOMINICAN REPUBLIC
HYATT ZILARA
CAP CANA
HYATT ZIVA
CAP CANA
HILTON LA ROMANA
FAMILY RESORT
375 Rooms | Adults-Only
Cap Cana, Dominican Republic
375 Rooms | All-Ages
Cap Cana, Dominican Republic
418 Rooms | All-Ages
La Romana, Dominican Republic
HILTON LA ROMANA
ADULT RESORT
SANCTUARY
CAP CANA*
JEWEL
PALM BEACH
356 Rooms | Adults-Only
La Romana, Dominican Republic
324 Rooms | Adults-Only
Punta Cana, Dominican Republic
500 Rooms | All-Ages
Punta Cana, Dominican Republic
MEXICO
JEWEL PUNTA CANA*
WYNDHAM ALLTRA SAMANA*
HYATT ZILARA CANCUN
620 Rooms | All-Ages
Punta Cana, Dominican Republic
404 Rooms | All-Ages
Samana, Dominican Republic
310 Rooms | Adults-Only
Cancun, Mexico
HYATT ZIVA
CANCUN
HYATT ZIVA
LOS CABOS
HYATT ZIVA PUERTO
VALLARTA
547 Rooms | All-Ages
Cancun, Mexico
591 Rooms | All-Ages
Cabo San Lucas, Mexico
335 Rooms | All-Ages
Puerto Vallarta, Mexico
* Managed by Playa Hotels & Resorts, owned by a third-party

WYNDHAM ALLTRA
CANCUN
WYNDHAM ALLTRA
PLAYA DEL CARMEN
WYNDHAM ALLTRA
VALLARTA*
458 Rooms | All-Ages
Cancun, Mexico
287 Rooms | Adults-Only
Playa del Carmen, Mexico
229 Rooms | All-Ages
Nuevo Vallarta, Mexico
HILTON
PLAYA DEL CARMEN
KIMPTON
HACIENDA TRES RIOS*
SEADUST CANCUN
FAMILY RESORT*
524 Rooms | Adults-Only
Playa del Carmen, Mexico
255 Rooms | All-Ages
Playa del Carmen, Mexico
502 Rooms | All-Ages
Cancun, Mexico
JAMAICA
THE YUCATAN RESORT
PLAYA DEL CARMEN*
HILTON ROSE HALL
RESORT & SPA
JEWEL PARADISE COVE
BEACH RESORT & SPA
60 Rooms | Adults-Only
Playa del Carmen, Mexico
495 Rooms | All-Ages
Montego Bay, Jamaica
225 Rooms | Adults-Only
Runaway Bay, Jamaica
HYATT ZILARA
ROSE HALL
HYATT ZIVA
ROSE HALL
JEWEL GRANDE MONTEGO
BAY RESORT & SPA +
344 Rooms | Adults-Only
Montego Bay, Jamaica
276 Rooms | All-Ages
Montego Bay, Jamaica
217 Rooms | All-Ages
Montego Bay, Jamaica
* Managed by Playa Hotels & Resorts, owned by a third-party
+ Two towers are managed by Playa Hotels & Resorts and owned by a third-party, and one tower is owned by Playa Hotels & Resorts



shareholder letter icon 4/22/2024 Letter Continued (Full PDF)
 

PLYA Stockholder/Shareholder Letter (Playa Hotels & Resorts N.V.) | www.StockholderLetter.com
Copyright © 2023 - 2024, All Rights Reserved

Nothing in StockholderLetter.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.