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Friday,  April 19, 2024 6:50 PM 

Playa sells Jewel Punta Cana for $82 million

  • Hotels
  •   12-21-2023  4:42 am
  •   Pax Global Media

Playa sells Jewel Punta Cana for $82 million
Pax Global Media

Playa Hotels & Resorts has sold its Jewel Punta Cana property for $82 million (USD), according to a press release issued on Dec. 18. 

The company expects total net proceeds of approximately $70 million. The transaction was completed on December 15, 2023.

Playa has also entered into a long-term hotel management agreement with the new owner to manage the resort. 

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

The all-ages resort with 620 rooms is located roughly 20 minutes from Punta Cana International Airport on Uvero Alto Beach.

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