Playa Hotels & Resorts, an owner, operator and developer of all-inclusive resorts, has entered into a binding agreement for selling the Jewel Paradise Cove resort for $28.5m cash consideration.
The Jewel Paradise Cove resort, an adult-only retreat, offers a Caribbean-inspired setting with a range of amenities.
Guests can enjoy balconies and patios, flat-screen TVs, complimentary internet access, a daily restocked mini-bar, and other conveniences across various room types.
The room types include premier, pool view, ocean view, and oceanfront concierge rooms, as well as butler service junior suites.
The resort's oceanfront concierge rooms provide guests with a concierge to assist in special seating for dinners, excursions, and more, while the butler service junior suites offer in-suite check-in, spa treatment arrangements, restaurant reservations, and beach refreshments.
All rooms are sized at 347ft², except for the butler service junior suites, which are 435ft².
The sale is subject to customary closing conditions, and no assurance is provided by Playa about the completion of the transaction. It is expected to close in the first quarter of 2025.
Via its subsidiaries, Playa Hotels & Resorts operates resorts located on beachfront properties in Mexico, Jamaica, and the Dominican Republic.
The company's portfolio currently includes 24 resorts with a total of 8,627 rooms across various brands, including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, Tapestry Collection by Hilton, Wyndham Alltra, Seadust, Kimpton, Jewel Resorts, and The Luxury Collection.
