Playa Hotels & Resorts N.V. Reports Second Quarter 2020 Results
(WorldNews Netherlands)

PDF Version FAIRFAX, Va., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Playa Hotels & Resorts N.V. (the `Company` or `Playa`) (NASDAQ: PLYA) today announced results of operations for the three and six months ended June 30, 2020. Three Months Ended June 30, 2020 Results Net Loss was $87.5 million compared to Net Income of $1.0 million in 2019. Net Loss for the three months ended June 30, 2020 includes $25.3 million of property and equipment impairment losses, $1.7 million of loss on sale of assets and $3.0 million of gain on insurance proceeds. Adjusted Net Loss was $60.3 million compared to Adjusted Net Income of $1.3 million in 2019 Net Package RevPAR decreased 100.0% versus 2019 to 0, driven by a...