Playa Hotels & Resorts began trading on the Nasdaq on
Monday after the all-inclusive resorts operator completed its merger with Pace
Holdings Corp., a division of private equity company TPG.
Playa CEO and chairman Bruce Wardinski and his management
team will continue to run the combined company. Pace CEO Karl Peterson and
former Sabre Corp. CEO Tom Klein have been appointed to Playa's board of
directors.
On March 1, Pace shareholders approved the transaction,
which makes Playa the only publicly traded all-inclusive resorts company.
Playa's portfolio consists of 13 resorts across Mexico, the
Dominican Republic and Jamaica, including properties operating under Hyatt's
Ziva and Zilara brands.