FAIRFAX, Va., May 5, 2014 /PRNewswire/ -- The Caribbean Hotel & Resort Investment Summit (CHRIS) recognized Playa Hotels & Resorts, B.V. ("Playa") with its award for Single Asset Transaction of the Year. Bruce Wardinski, Chief Executive Officer for Playa accepted the accolade during the annual CHRIS event held in Miami. Playa was honored for its acquisition in August 2013 of the former Ritz-Carlton Golf & Spa Rose Hall, Montego Bay, Jamaica, which is being transformed into a dual all-inclusive resort under Hyatt's newest brands, Hyatt Ziva (for guests of all ages) and Hyatt Zilara (for adults).
"The acquisition of the former Ritz-Carlton Rose Hall property was a significant step forward in establishing the foundation for Playa to become a leader in the all-inclusive resort market," said Wardinski. "The acquisition occurred simultaneous to our agreement with Hyatt Hotels Corporation, which resulted in an exclusive five-year commitment across six Caribbean and Latin American countries and the launch of Hyatt's all-inclusive brands: new Hyatt Ziva and Hyatt Zilara. In addition, we concluded an agreement that added Real Resorts' four properties in Cancun and Playa del Carmen to our portfolio. These transactions combined with our existing resorts that are presently operated by AMResorts form the operating anchor of Playa's new management division, Playa Resorts Management. Under the direction of Playa Resorts Management we will be converting several of our AMResorts to the new Hyatt all-inclusive brands, as well as pursue opportunities to add additional resorts that complement our strategic objectives," said Wardinski.
ABOUT HYATT ZIVA AND HYATT ZILARA ROSE HALL, JAMAICA
Scheduled to open in November 2014, this magnificent resort spans 1,500 ft. of private, pristine coastline on the turquoise Caribbean. Hyatt Ziva Rose Hall and Hyatt Zilara Rose Hall combine to form one unparalleled all-inclusive experience with 621 suites. This re-imagined property will offer the seclusion of a beachfront hideaway with a lush, green mountain backdrop, as well as a remarkable assortment of upscale amenities, including several dramatic cascading pools, 24-hour suite service, breathtaking artful landscapes with cozy fire pits dotting the property, a full-service spa and wellness center, 10 palate pleasing restaurants, bars and lounges, enhanced luggage and beach butler service, activities and entertainment and approximately 50,000 sq. ft. of interior and exterior meeting and special event areas, with venues in the sand, sea or the sky. Hyatt Ziva Rose Hall and Hyatt Zilara Rose Hall are poised to become one of the region's finest all-inclusive resorts. Conveniently located just five minutes from three world-class golf courses, including the legendary White Witch course, and 10 minutes from Sangster's International Airport, the resorts bring a new level of luxury to the island of Jamaica.For more information or to book an all-inclusive vacation experience at Hyatt Ziva Rose Hall and Hyatt Zilara Rose Hall or to take advantage of the Rose Hall Grand Opening Sale, contact your preferred travel profession or visit www.allinclusive.hyatt.com or call 1.800.233.1234. For hi-res renderings, please visit http://ftp.zimmerman.com/_hdOG0BiVlYAm6R. About Playa Hotels & Resorts, B.V. Playa Hotels & Resorts B.V. is a leading owner, operator and developer of all-inclusive beach resorts. Playa Resorts Management is the operational management component of the organization. Playa's portfolio consists of a collection of thirteen premier resorts comprising 5,805-rooms that are located in prime beach locations in Mexico, the Dominican Republic and Jamaica. Playa owns and manages Hyatt Ziva Los Cabos, Hyatt Zilara Cancun and, opening in 2014, Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Cancun. 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 AM Resorts under their Dreams and Secrets brands. Under an agreement with an affiliate of Hyatt Hotels Corporation (NYSE: H), Playa will pursue the acquisition or development of new all-inclusive resort opportunities under two new Hyatt all-inclusive brands — Hyatt Ziva and Hyatt Zilara. Playa will also have certain rights to operate Hyatt-branded all-inclusive resorts in five Latin American and Caribbean countries on an exclusive basis through 2018. For more information visit: www.playaresorts.com. SOURCE Playa Hotels & Resorts
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts