Playa Hotels & Resorts N.V. Announces The Sale Of Jewel Palm Beach For A Total Consideration Of $68M In Cash
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Playa Hotels & Resorts N.V. (NASDAQ:PLYA) has announced a binding agreement to sell Jewel Palm Beach for $68 million in cash. The transaction is expected to close in Q3 2024, subject to customary conditions.

August 26, 2024 | 1:01 pm
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Playa Hotels & Resorts N.V. has agreed to sell Jewel Palm Beach for $68 million in cash. The sale is expected to close in Q3 2024, subject to customary conditions.
The sale of Jewel Palm Beach for $68 million in cash is a significant transaction for Playa Hotels & Resorts, potentially improving its cash position. The expected closure in Q3 2024 provides a timeline for investors to anticipate the impact. The transaction is subject to customary conditions, which adds some uncertainty.
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