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Playa Hotels & Resorts: Occupancy Growth In Dominican Republic Encouraging (NASDAQ:PLYA)

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Investment Thesis: I revise my rating on Playa Hotels & Resorts from Hold to Buy.

In a previous article back in December, I made the argument that while Playa Hotels & Resorts (NASDAQ:PLYA

Mar 2022 Mar 2023 Mar 2024
Net debt 832 815.8 801
Adjusted EBITDA 76.9 98.5 113.5
Net debt to adjusted EBITDA ratio 10.82 8.28 7.06

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