Playa Takes Control of the Breezes Punta Cana Resort

The Property Will be Managed by Barcelo Hotels & Resorts and is Being Re-Branded as the Barcelo Prem

. October 14, 2008

MALLOCA, Spain, October 30, 2006. Playa Hotels & Resorts, S.L., the company formed earlier this year by Grupo Barcelo in Palma de Mallorca, Spain, announced its takeover of the 795 guestroom Breezes Punta Cana Resort, Spa and Casino. The addition of this upscale resort marks Playa's first venture into the Dominican Republic, and brings to seven the number of hotels that Playa now owns in Mexico and the Caribbean. The resort will be re-branded as the Barcelo Premium Punta Cana Resort and will be upgraded with significant capital investments to meet the criteria of Barcelo's Premium brand all-inclusive resorts.

"This property exemplifies the quality of asset we are focused on for the Playa portfolio," said Bruce Wardinski, Chairman & CEO of Playa Hotels & Resorts, S.L. "The resort's expansive beach and high quality facilities, combined with the popularity of the destination, allows us to add a significant jewel to our growing portfolio. We are confident that with Barcelo's upgrade to services and amenities this will become a first class resort facility," added Wardinski.

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