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Playa Hotels and Resorts

#4571

Rank

$1.65B

Marketcap

US United States

Country

Playa Hotels and Resorts
Leadership team

Mr. Ryan Hymel (Exec. VP & CFO)

Mr. Bruce D. Wardinski (Pres, Chairman & CEO)

Mr. Gregory Maliassas (Exec. VP & COO)

Products/ Services
Travel
Number of Employees
1,000 - 20,000
Headquarters
Fairfax, Virginia, United States
Established
2006
Company Registration
SEC CIK number: 0001692412
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
PLYA
Social Media
Overview
Location
Summary
Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 19, 2022, it owned a portfolio of 23 resorts with 8,595 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.
History

The La Playa Hotel, dates to 1905 when artist Chris Jorgensen built a two-story wood-framed, ell shaped stone mansion on the southwest corner of El Camino Real and 8th Avenue, in Carmel-by-the-Sea, California. The home was a gift to his wife, Angela Ghirardelli , heiress to the Ghirardelli Chocolate fortune. The original part of the building was a stone tower with a quatrefoil window, on the north-east side, designed by Jorgensen and built by master stonemason Ben Turner. The upper floor had a wood railing between the stone columns that supported a low-pitched hipped roof. The property had the first swimming pool in Carmel.On August 17, 1909, Angela's niece, artist Alida Ghirardelli , drowned while swimming in the Carmel Bay. Soon after her death, Jorgensen leased the house to hotelier Agnes "Alice" D. Signor. Jorgensen and his wife left Carmel to live with an art colony in Yosemite National Park.In 1913, Signor opened the Chris Jorgensen studio to the public under the name of Hotel La Playa . Lathe hotel had four bedrooms, a bath, a sitting room, and a kitchen. Signor bought the property in 1916 and converted it into a boarding house called "The Strand." In October 1917, Ralph C. Harrison and his wife visited Carmel and stayed at the hotel for a few weeks. During this visit they bought the block between Camino Real and Casanova Street, south of Ninth Avenue.In 1922, Signor added twenty new rooms making it into a full-service hotel. Her nephew and assistant, Harrison Godwin helped to celebrate the ninth anniversary of La Play's opening. 125 people were at the celebration with music by Moffit's Orchestra. In 1923, Signor suffered a stroke, which left her paralyzed. Shortly before her death, she transferred ownership of La Playa to her nephews: Frederick "Fred" MacKaye Godwin and his brother Harrison Godwin. Fred Godwin had a brief film career in the late-1920s. He starred in the silent film Girl Overboard , also known under the title "Port of Dreams".

In December 1924, the La Playa Hotel was almost destroyed by a fire that started in one of the rooms on the second floor when a stovepipe collapsed. The loss was estimated from $25,000 to $40,000 .The Godwin's rebuilt the hotel with Michael J. Murphy as the contractor in 1925. They added an additional 30-rooms to the south wing, steam heat and private baths. The original entrance and lobby were reconstructed. Fred Godwin went on to mayor of Carmel from 1946 to 1950. On May 31, 1925, the reopening of the new La Playa was the social event of the week. A dinner dance was announced on June 6, 1925, with 200 friends of the Godwin's. Among the quests were ex-Mayor William T. Kibbler, S. F. B. Morse, John Northern Hilliard, and writer James Hopper.Fred Godwin bought out his brother in 1940, and became the sole owner of the hotel. Harrison went into real estate and became sales manager for Del Monte Properties Company. With designer Jon Konigshofer, Godwin completed a major Spanish Revival style remodel. They expanded the hotel into 80-rooms with a terrace dining room overlooking Carmel Bay. In 1952, the hotel got a liquor license and Konigshofer built the Lanai Room cocktail lounge. The hotel underwent ownership changes in the 1960s, and a full renovation of the hotel occurred in 1983–84, when the Cope family, owners of San Francisco's Huntington Hotel, purchased the hotel and completed a $5 million renovation, which included an upgrade and expansion to the surrounding gardens and landscaping. In 1983, Steve Jobs had a Apple development team retreat at the La Playa hotel and unveiled the Macintosh computer prototype during the retreat. He christened the computer with a bottle of La Playa water.

In 1992, the hotel became a member of the Historic Hotels of America and is currently one of nine hotels in California recognized by the National Trust for Historic Preservation for its architectural quality, historic character, and sensitive rehabilitation. In July 2012, the Grossman Company Properties and Classic Hotels & Resorts reopened the hotel after a $3.5 million renovation. Classic Hotels & Resorts has a strong record of restoring properties.The hotel was registered with the California Register of Historical Resources on September 21, 2002. It qualifies under the California Register criterion 1, in history as one of the earliest remaining artists’ studios in Carmel, and one of the most notable hotels in the history of Carmel. It is also significant under criterion 3, in the area of architecture as one of the few artist designed studio buildings remaining in Carmel, and an example of the early work of stonemason Ben Turner.

Mission
Playa Hotels & Resorts is committed to creating extraordinary experiences for all guests, employees, investors, and the communities in which it operates. We believe in creating meaningful connections, delivering warmth, and providing genuine hospitality in each guest experience.
Vision
To be the most desirable hotel company in the world, renowned for creating extraordinary experiences.
Key Team

Mr. Fernando Mulet (Exec. VP & Chief Investment Officer)

Ms. Dayna Blank (Exec. VP & Chief People Officer)

Mr. Brandon B. Buhler (Sr. VP & Chief Accounting Officer)

Mr. Alexander Stadlin (Special Advisor to Chairman & CEO and Vice Chairman)

Mr. Pedram Saif C.F.A., CFA (Sr. VP of Investor Relations & Strategy)

Ms. Tracy M. J. Colden (Exec. VP & Gen. Counsel)

Dean Sullivan (Sr. VP of Sales & Marketing)

Recognition and Awards
Playa Hotels & Resorts is consistently recognized for excellence. Recent awards include Top Resort in Mexico & Central America by Travel + Leisure, Top 75 Employers in the Caribbean by Caribbean Professional Magazine, and Best Experience in Mexico at the World Travel Awards.
References

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Playa Hotels and Resorts
Leadership team

Mr. Ryan Hymel (Exec. VP & CFO)

Mr. Bruce D. Wardinski (Pres, Chairman & CEO)

Mr. Gregory Maliassas (Exec. VP & COO)

Products/ Services
Travel
Number of Employees
1,000 - 20,000
Headquarters
Fairfax, Virginia, United States
Established
2006
Company Registration
SEC CIK number: 0001692412
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
PLYA
Social Media