Playa Hotels Pays $300M For 5 Of Sagicor's Jamaica Resorts

By Carolina Bolado (February 27, 2018, 1:56 PM EST) -- Playa Hotels & Resorts NV agreed Monday to pay $100 million in cash plus 20 million shares to Sagicor Group Jamaica Ltd. for five all-inclusive resorts and two oceanfront developable sites on the north coast of Jamaica, in a move that makes the company one of the largest resort owners in the island nation.

The portfolio to be acquired by Playa includes the 489-room Hilton Rose Hall in Montego Bay, the 268-room Jewel Runaway Bay and 225-room Jewel Paradise Cove in Runaway Bay, and the 250-room Jewel Dunn's River in Ocho Rios. It also includes an 88-room hotel tower and spa,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!