HG Vora Capital Management’s Stock Picks For 2025

3. Playa Hotels & Resorts NV (NASDAQ:PLYA)

Shares held by HG Vora Capital Management: 12.50 million

Value of Position: $158.13 million

Playa Hotels & Resorts NV (NASDAQ:PLYA) was added to HG Vora’s equity portfolio during the fourth quarter of 2018 and the stock advanced by more than 85% over the past six years. Recently, hospitality operator Hyatt Hotels Corporation (NYSE:H) announced reaching an agreement to acquire Playa Hotels for $13.50 per share or around $2.6 billion including $900 million of debt. The deal will provide Playa shareholders with a 40% premium to the stock price prior to the disclosure of exclusive discussions with Hyatt.

Hyatt plans to take an asset-light approach and if the acquisition is successful, it will try to sell Playa’s owned properties while securing management agreements. The asset-light strategy allows Hyatt to generate capital from sales of real estate, while also generating revenue from management fees and franchise agreements.