An unknown buyer entered into an agreement to acquire Dreams Puerto Aventuras Resort & Spa from Playa Hotels & Resorts N.V. (NasdaqGS:PLYA) for $34.5 million on November 3, 2020. The consideration was paid in cash. The transaction is subject to customary closing conditions. The transaction is expected to close in the first quarter of 2021. An unknown buyer completed the acquisition of Dreams Puerto Aventuras Resort & Spa from Playa Hotels & Resorts N.V. (NasdaqGS:PLYA) for $34.3 million on February 5, 2021. The purchase price was adjusted after customary closing costs. The consideration consists of customary closing costs. Proceeds from the sale of these resorts will be utilized for general business purposes which may include reducing the Playa Hotels & Resorts N.V.'s outstanding debt and paying Dreams Puerto's term loan.