Jewel Punta Cana Resort in the Dominican Republic Sold for $82 Million

1 minute read Playa Hotels December, 19 2023

Jewel Punta Cana Resort

Playa Hotels & Resorts N.V. (NASDAQ: PLYA)yesterday announced that it has closed on the sale of the Jewel Punta Cana for a total gross consideration of $82.0 million. The Company expects total net proceeds of approximately $70.0 million. The Company has also entered into a long-term hotel management agreement with the new owner to manage the resort. The transaction was completed on December 15, 2023.

Proceeds from the transaction will be used for general corporate purposes.

The 620-room all-ages resort is located 20 minutes from the Punta Cana International Airport on the palm-fringed Uvero Alto Beach.