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Playa Hotels & Resorts Completes the Purchase of The Former Ritz-Carlton Golf & Spa Resort in Rose Hall, Jamaica

FAIRFAX, Va., Sept. 4, 2013 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts B.V. (the "Company"), a leading owner, operator and developer of all-inclusive beach resorts, announced today the completion of its acquisition of a resort that operated until recently as The Ritz-Carlton Golf & Spa Resort, Rose Hall, Jamaica (the "Resort"). The Company is planning to commence a major enhancement and expansion project later this month, which is expected to be completed spring 2014. The Resort will be re-launched as Hyatt Ziva Rose Hall, Jamaica.

The Resort is situated in Rose Hall, Jamaica—one of the leading destinations in the Montego Bay market. The acquisition includes the existing hotel, prime beachfront adjacent to the hotel and the surrounding grounds with the exception of the White Witch Golf Course. The Resort, which closed in May, presently includes 427 guest rooms and suites, 15,000 square feet of meeting and event space and a full-service spa. The planned major expansion of the 13-year old property will include an update to all existing guestrooms, meeting and event space, as well as the public areas. The expansion also includes the addition of 124 luxury suites and swim-up suites, a new swimming pool, and several new food and beverage options for guests which will enable the Resort to meet Hyatt's all-inclusive standards.

Bruce Wardinski, CEO for Playa Hotels & Resorts B.V., said, "Rose Hall is one of the most beautiful and pristine resort developments in Jamaica and throughout the Caribbean so it was essential that we bring a strong brand to the Resort to ensure its ongoing success. We believe the Hyatt Ziva brand and the experiences it will create for families will make it a perfect fit for the luxury reputation of Rose Hall. We are confident that working with the tourism community in Montego Bay, the renovated resort will be well-received and tremendously successful in continuing to enhance and grow the upscale reputation and tourism for this destination," added Wardinski.

The Rose Hall property has long been considered the finest luxury resort in Jamaica, and its original classical design will be enhanced and modernized in line with the Hyatt Ziva brand. The large new suites will be designed to have water views and wide terrace balconies. The existing hotel pool will be completely re-designed with new features and a new oversized swimming pool will be added to the property allowing more than half of the hotel's ground floor suites to have swim-up access. A completely new Food and Beverage Village will be designed to offer guests a choice of five new themed dining venues, several bars and a lush landscaped, multi-level entertainment terrace overlooking a new entertainment amphitheater right on the seaside.

About Playa Hotels & Resorts:

Playa Hotels & Resorts B.V. ("Playa") is a leading owner, operator and developer of all-inclusive beach resorts. 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's portfolio includes four resorts located in the heart of Cancún and Playa Del Carmen, Mexico that are managed by Playa Resorts Management and operated under Playa's brands, The ROYAL and Gran, seven resorts located in leading destinations in Mexico and Dominican Republic that are managed by AMResorts under their Dreams and Secrets brands and one property situated on an irreplaceable site in Los Cabos Mexico that is currently managed by Barceló. Playa's thirteenth property is situated in Rose Hall, Jamaica in Montego Bay and will be re-opened in spring 2014 following a major renovation and expansion. 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.

Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will,""should," "estimates" or "anticipates" or the negative thereof or comparable terminology. All forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual transactions, results, performance or achievements of the Company to be materially different from any future transactions, results, performance or achievements expressed or implied by such forward-looking statements. These may include: (i) national and local economic and business conditions or governmental regulations that will affect demand.

CONTACT: MEDIA CONTACT: Omar Palacios media@playaresorts.comSource:Playa Hotels & Resorts