Playa Hotels & Resorts, S.L. Acquires the Ocean Bavaro Spa and Beach Resort in Punta Cana, Dominican Republic



    
    Resort to be re-branded as the Barcelo Dominican Beach Resort
    

    PALMA DE MALLORCA, Spain and MCLEAN, Va., Sept. 11 /CNW/ -- Playa Hotels
& Resorts, S.L., the company formed in 2006 by Grupo Barcelo in Palma de
Mallorca, Spain, announced its acquisition of the 738 guestroom all- inclusive
Ocean Bavaro Spa and Beach Resort in Punta Cana in the Dominican Republic. The
property will be re-branded as a Barcelo Resort and renamed the Barcelo
Dominican Beach Resort.  The resort, which is only 12 miles from the Punta
Cana International Airport, also includes 3121 square feet of meeting space, a
European-style spa facility, a theater, and a new casino that was recently
completed in June 2007.
    This is the third resort purchased in the Dominican Republic by Playa
Hotels & Resorts. In 2006, the company purchased the Breezes Punta Cana
Resort, Spa and Casino, which has been re-branded as the Barcelo Punta Cana
Resort -- a Barcelo Premium branded hotel.  The company recently announced the
addition of the Sunscape Casa del Mar Resort adjacent to Casa de Campo.  These
acquisitions bring to nine the number of hotels that Playa now owns in Mexico
and the Caribbean.
    "The Ocean Bavaro Spa and Beach Resort is a significant acquisition to
our growing portfolio of resorts in the best beach locations across the
Dominican Republic," said Bruce Wardinski, Chairman & CEO of Playa Hotels &
Resorts, S.L.  "Under the Barcelo brand we will enhance guest services and
raise the quality of food and beverage to be comparable with Barcelo's
legendary all- inclusive programs.  In addition, we are planning improvements
to the physical condition of the resort, including a series of guestroom
renovations."
    "The Dominican Republic is well-positioned as a growing vacation and
meetings destination because of its pristine beaches, national ecological
parks and its wide array of championship golf courses.  Playa Hotels & Resorts
continues to see much upside potential in the Dominican Republic, with its
array of resorts that appeal to a wide variety of North American and
international travelers," added Wardinski.
    
    The Barcelo Dominican Beach Resort
    
    Situated along famous Bavaro Beach, the Barcelo Dominican Beach Resort is
an expansive property.  Its 738 guestrooms include 93 suites, perfect for
honeymoon travelers or guests seeking more spacious accommodations.  As an
all-inclusive resort, the Barcelo Dominican Beach offers a selection of three
casual buffet restaurants, six gourmet a la carte restaurants, two snack bars
and seven cocktail lounges.  The restaurants appeal to a variety of tastes
including a seafood restaurant, a Brazilian-style restaurant, as well as
Japanese, Mexican and Spanish cuisine.  For recreation there are two free-form
swimming pools, one featuring a swim-up bar, and both offering water
activities throughout the day.  On the beach, complimentary water sports
include windsurfing and kayaking, and for families, the resort has a
comprehensive children's program.
    For entertainment there is a large theater that offers nightly shows and
a new casino that opened in June 2007.  Palmaluna is the Resort's convention
facility that can service up to 350 guests with state-of-the-art amenities and
conference concierge service.  There is also a business center with high speed
Internet connections.
    The resort's spa, which is available to guests at an additional charge,
is sheltered under a thatched roof, and includes seven treatment rooms that
feature a wide array of European and tropical influenced facials, body wraps
and hydrotherapies, as well as manicures and pedicures. Treatments are also
available in open-air cabanas. The spa contains Vichy showers, women's and
men's saunas, a unisex steam room, an ocean-view spa tub and an air-
conditioned ocean-view fitness center with cardio machines, weight machines,
and free weights.
    For more information about the Barcelo Dominican Beach Resort please
visit online at http://www.barcelo.com or call 1-800-BARCELO.
    
    About the Companies
    Playa Hotels & Resorts, S.L.
    
    Playa Hotels & Resorts, S.L., a Spanish company, is a private equity fund
that focuses on the acquisition and development of all-inclusive beachfront
resorts in Mexico, Latin America and the Caribbean.  Playa is currently in
active negotiations to acquire several additional hotels as well as land for
the development of all-inclusive resorts in Mexico, the Dominican Republic,
Costa Rica and Panama.  Additional closings are anticipated by year's end.
Playa has $1 billion in available capital and has raised more than $580
million in equity funding commitments from a small group of international
institutional investors.  The company currently owns nine properties in Mexico
and the Dominican Republic.  Additional information can be found on the
Company's website at http://www.playahr.com.
    
    Barcelo Hotels & Resorts
    
    Barcelo is one of the world's largest hospitality and travel management
companies and is based in Palma de Mallorca, Spain.  The company, which
celebrated its 75th anniversary last year, is 100% owned by the Barcelo family
and has been run by three generations of family members.  Barcelo and its
affiliates own, manage and lease more than 150 hotels in 15 countries across 4
continents.  Additional information about Barcelo is available at the
company's website:  http://www.barcelo.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: (i)
national and local economic and business conditions or governmental
regulations that will affect demand, prices, wages or other costs for hotels;
(ii) the level of rates and occupancy that can be achieved by such properties;
(iii) the Company's ability to compete.




For further information:

For further information: James Carroll of Playa Hotels & Resorts, S.L., 
+1-571-382-1700, jac@playahr.com Web Site: http://www.playahr.com            
     http://www.barcelo.com

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