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Appointment Finance

Omar Palacios has been appointed as Executive Vice President and Chief Financial Officer at Playa Hotels & Resorts

Playa Hotels & Resorts
Fairfax, Virginia, United States
Omar Palacios
Playa Hotels & Resorts announced today that Omar Palacios has been appointed Executive Vice President and Chief Financial Officer. Mr. Palacios joins Playa following eleven years at Kerzner International Limited, most recently serving as Senior Vice President and Chief Financial Officer for One&Only Resorts, Kerzner's luxury hotel brand. Mr. Palacios' appointment follows the recent recapitalization and restructuring of the Company, which enables it to operate on a standalone basis. The Company was established in 2006 to invest in the acquisition and development of all-inclusive beachfront resorts in Mexico, Latin America and the Caribbean. Presently the Company owns 17 properties in Mexico and the Dominican Republic. These properties operate under the Barcelo brand which is owned by Barcelo Hotels & Resorts, and under the Dreams and Secrets brands, which are owned by AMResorts. Mr. Palacios holds a Bachelor of Business Administration from the University of Miami and earned a Certified Public Accountant certificate from the state of Georgia. He began his career with Arthur Andersen and later worked for AutoNation, serving as a key member of that company's acquisitions team. In his position with the Company, Mr. Palacios will work closely with Bruce Wardinski in the planning and development of the Company's financial infrastructure and to position the Company for its Initial Public Offering in the foreseeable future.
Finance USA & Canada United States Virginia Fairfax
Playa Hotels & Resorts
Other

Playa Hotels & Resorts, S.L. will seek to create long-term shareholder value by acquiring, developing, or redeveloping all-inclusive resort assets in Mexico and other Latin American or Caribbean countries, including the Dominican Republic, Costa Rica, Panama, and Jamaica. The Company plans to focus on submarkets with high barriers to entry that appear to present moderate downside risk and a potential for long-term appreciation through...