Abu Dhabi Investment Authority Holds on to Playa Hotels & Resorts

With a complex ownership history, Netherlands-based Playa Hotels & Resorts NV is an owner, operator and developer of all-inclusive resorts in Mexico and the Caribbean. In the highly-competitive world of vacation renting, Playa owns a portfolio consisting of 13 resorts located in Mexico, the Dominican Republic and Jamaica. Five of Playa’s resorts (Dreams Puerto Aventuras, Secrets Capri, Dreams Punta Cana, Dreams La Romana and Dreams Palm Beach) are operated by AMResorts pursuant to long-term management agreements that contain customary terms and conditions. In addition, Playa has a strategic relationship with Hyatt Hotels Corporation. Hyatt indirectly owns shares in Playa Hotels.

Playa Hotels has been around for quite some time, being mostly backed by San Francisco-based hedge fund Farallon Capital, which was founded by Tom Steyer.

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