Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall set to open Nov. 23 in Jamaica
Photo courtesy Playa Hotels & Resorts B.V.

Playa going public as part of growth strategy; AMResorts parent company sold

TORONTO — The hotel industry saw some shakeups this week with Playa Hotels & Resorts B.V. announcing plans to go public, while the parent company of AMResorts has been sold.

Playa’s move to go public will be a catalyst to accelerate Playa’s growth strategy by providing US$500 million of additional capital and access to the public markets to strengthen its balance sheet, pursue acquisitions, and enhance distribution. Reports indicate that Playa intends to launch a new hotel brand as part of its growth plan.

Playa owns a portfolio consisting of 13 resorts with 6,142 rooms in Mexico, the D.R. and Jamaica. Playa owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Ziva and Hyatt Zilara Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos. The company also owns and operates three resorts under Playa’s brands, THE Royal and Gran, as well as five resorts in Mexico and the Dominican Republic that are managed by a third party.

Meanwhile AMResorts’ parent company Apple Leisure group has reached a deal to be bought by financial firms KKR & Co. and KSL Capital Partners LLC. Financial terms of the deal, expected to close in the first quarter of 2017, weren’t disclosed.

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