Playa Hotels & Resorts NV provides preliminary property operating statistics for the fourth quarter of 2021

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FAIRFAX, Va., January 20, 2022 /PRNewswire/ — Playa Hotels & Resorts NV (NASDAQ: PLYA) (the “Company”) announced today that it plans to release the following fourth quarter 2021 property operating statistics for the total portfolio of 7 124 rooms owned by the Society upon its final publication results in February 2022:

(PRNewsfoto/Playa Management USA, LLC)

  • Occupancy rate of 66% at an Average Daily Rate (“ADR”) of $325. This preliminary ADR represents an increase of approximately 39% compared to the same period in 2019.

  • EBITDA margin of the owned complex of around 33%

“Our teams did a masterful job of meeting the challenges presented by the COVID-related disruptions during the fourth quarter and delivered exceptional results in the face of adversity,” said Bruce Wardinsky, President and CEO of Playa Hotels & Resorts. “Furthermore, I am optimistic for the new year and encouraged by the acceleration in our bookings that we have seen in recent weeks.”

These results are preliminary as the Company has not yet completed its financial close processes for the fourth quarter of 2021. These estimates are not a complete statement of the Company’s financial results for the fourth quarter of 2021. The Company expects to release the final financial results for the fourth quarter real estate operating results and statistics on February 24, 2022. Final results, when published, may differ materially from these preliminary results.

About Playa Hotels & Resorts NV
Playa Hotels & Resorts NV is a leading owner, operator and developer of all-inclusive resorts located in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 22 resorts (8,366 rooms) located in Mexico, Jamaica and the Dominican Republic. Playa leverages years of all-inclusive resort operating expertise and relationships with globally recognized hotel brands to deliver a premier experience and exceptional value to our guests, while building a direct relationship to improve customer acquisition cost and drive customer retention. Playa owns and operates 15 resorts (6,004 rooms) located across Mexico, Jamaica and the Dominican Republic. Playa also has two resorts in the Dominican Republic that are managed by a third party and operates five resorts on behalf of third party owners. For more information, please visit www.playaresorts.com.

Forward-looking statements

This press release contains “forward-looking statements,” as defined by federal securities laws. Forward-looking statements reflect our current expectations and projections about future events at that time, and therefore involve risks and uncertainties. The words “believe”, “expect”, “preliminary” (with respect to results), “estimated” and the negatives of these words and other similar expressions generally identify forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, including those described in the section titled “Risk Factors” in Playa’s Annual Report on Form 10-K, filed with the SEC on March 4, 2021, and as such, these factors may be updated from time to time in our periodic filings with the SEC, which are available on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in this release and in Playa’s filings with the SEC. Currently, some of the most important factors that could cause actual results to differ materially from our forward-looking statements are the adverse effects of the current COVID-19 pandemic on our financial condition, liquidity, results of operations and outlook, service reductions by the airlines serving the locations where we have resorts, short and long-term travel demand, the global economy and the local economies where we have resorts and the financial markets. Due to the COVID-19 pandemic, we have experienced significantly reduced occupancy levels at our resorts from historical levels and we continue to experience declining occupancy from pre-pandemic levels. The extent to which the COVID-19 pandemic will continue to affect us and consumer behavior will depend on future developments, which are highly uncertain and cannot be predicted with certainty, including the extent, severity and duration of the pandemic. , the continued resurgence of the virus and its variants, including the Delta and Omicron variants, government measures taken to contain the pandemic or mitigate its impact, the timeliness, continued effectiveness and distribution of vaccines (including boosters) and treatment therapies, the rate of public adoption of COVID-19 vaccines, and the direct and indirect economic effects of the pandemic and containment measures, including the extent of its impact on unemployment rates, the availability of labor (including due to vaccination mandates), material supply chain disruption, and consumer discretionary spending, among others. Although forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this quarterly report, except as required by applicable law. . You should not place undue reliance on forward-looking statements, which are based solely on information currently available to us (or to the third parties making the forward-looking statements).

For more information, visit investor.playaresorts.com.

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SOURCE Playa Management United States, LLC

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