Playa Hotels & Resorts Announces $100 Million Share Repurchase Program
(WorldNews Netherlands)

FAIRFAX, Va., Dec. 17, 2018 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the `Company` or `Playa`) today announced that the Company`s Board of Directors has authorized the repurchase of up to $100 million of its outstanding ordinary shares as market conditions and the Company`s liquidity warrant. `In our view the dislocation in the market price of our shares is the result of material but temporary construction and renovation projects currently underway at three of our properties. We believe that the potential to repurchase our shares at these levels represents a compelling opportunity to deploy our cash flow to drive shareholder value,` said Bruce Wardinski, Playa`s...