Playa Hotels & Resorts B.V. (Playa) Appoints Larry K. Harvey Chief Financial Officer
April 09 2015 - 12:15PM
Bruce Wardinski, Chairman and Chief Executive Officer, Playa Hotels
& Resorts B.V. (Playa) today announced the appointment of Larry
K. Harvey as Chief Financial Officer. Mr. Harvey is a recognized
global real estate financial leader with an extensive background in
hospitality ownership, operations and capital market
transactions. Most recently, Mr. Harvey served as CFO for Host
Hotels & Resorts, the market's largest hospitality REIT, with
$19 billion in global assets and a member of the S&P 500 and
Fortune 500.
"Larry's expertise in raising capital within the hospitality
industry while developing and implementing financial transactions
is unparalleled," said Mr. Wardinski. "Larry is well-respected
on Wall Street and within the financial community for his ability
to enhance liquidity and decrease the cost of capital while
implementing internal procedures that identify revenue improvement
and cost-reducing opportunities," added Mr. Wardinski.
Playa is a leading owner and operator of all-inclusive resorts.
Presently Playa's portfolio includes 14 resort hotels in
Mexico and the Caribbean's most desirable beach
destinations. Playa also has an exclusive agreement with a
subsidiary of Hyatt Hotels Corporation (NYSE:H) to own and operate
Hyatt's new all-inclusive brands, Hyatt Zilara (exclusively for
adults) and Hyatt Ziva (for guests of all ages) in five Caribbean
countries including Mexico.
"Playa is executing on market opportunities and implementing its
strategic plan for the international growth of its portfolio of
all-inclusive resorts," said Mr. Wardinski. "Larry's expertise
in financial markets will clearly help accelerate that growth as we
explore exciting new opportunities. Personally, I have worked
with Larry at Host Marriott and at Crestline Capital. I am
delighted to once again have the opportunity to team with Larry and
have him lead our financial operations."
Mr. Harvey began his career with Price Waterhouse. He holds
a Bachelor of Science in Accounting from Virginia Tech where he
graduated Magna Cum Laude. He is a Certified Public Accountant
and serves on numerous board of directors including: American
Capital Agency (Nasdaq:AGNC), Audit Committee Chairman; American
Capital Mortgage, Audit Committee Chairman; American Capital
Funding, Audit Committee Chairman; and the non-profit organization,
Helping Children Worldwide. Mr. Harvey can be reached at
larry.harvey@playaresorts.com.
About Playa Hotels & Resorts
Playa Hotels & Resorts B.V. is a leading owner, operator and
developer of all-inclusive beach resorts. Playa Resorts Management
is the operational management component of the
organization. Playa's portfolio consists of a collection of 14
premier resort hotels comprised of 6,175 rooms that are located in
prime beach locations in Mexico, the Dominican Republic and
Jamaica. Playa owns and manages Hyatt Ziva Los Cabos, Hyatt Zilara
Cancun, Hyatt Ziva Rose Hall and Hyatt Zilara Rose Hall in Jamaica,
Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Cancun coming in 2015.
The company also owns and operates three resorts under Playa's
brands, The ROYAL and Gran, as well as five resorts in Mexico and
the Dominican Republic that are managed by a third party. Under an
agreement with an affiliate of Hyatt Hotels Corporation (NYSE:H),
Playa will pursue the acquisition or development of new
all-inclusive resort opportunities under two new Hyatt
all-inclusive brands – Hyatt Zilara and Hyatt Ziva. Playa will also
have certain rights to operate Hyatt-branded all-inclusive resorts
in five Latin American and Caribbean countries. For more
information visit www.playaresorts.com.
Note: Certain matters discussed herein are forward-looking
statements within the meaning of the Private Litigation Reform Act
of 1995. Certain, but not necessarily all, of such statements can
be identified by the use of forward-looking terminology, such as
"believes," "expects," "may," "will,""should," "estimates" or
"anticipates" or the negative thereof or comparable terminology.
All forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
transactions, results, performance or achievements of the Company
to be materially different from any future transactions, results,
performance or achievements expressed or implied by such
forward-looking statements. These may include: national and local
economic and business conditions or governmental regulations that
will affect demand.
CONTACT: MEDIA CONTACT:
Gayle MacIntyre
Playa Hotels & Resorts
gayle.macintyre@playaresorts.com
404.643.8222
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