Playa Hotels & Resorts (PLYA) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 01, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-38012
Entity Registrant Name	Playa Hotels & Resorts N.V.
Entity Incorporation, State or Country Code	P7
Entity Tax Identification Number	98-1346104
Entity Address, Address Line One	Prins Bernhardplein 200
Entity Address, Postal Zip Code	1097 JB
Entity Address, City or Town	Amsterdam,
Entity Address, Country	NL
Country Region	31
City Area Code	20
Local Phone Number	571 12 02
Title of 12(b) Security	Ordinary Shares, €0.10 par value
Trading Symbol	PLYA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		129,976,527
Entity Central Index Key	0001692412
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 104,510	$ 116,353
Trade and other receivables, net	60,722	64,770
Accounts receivable from related parties	4,926	6,430
Inventories	15,625	15,390
Prepayments and other assets	38,824	32,617
Property and equipment, net	1,857,996	1,808,412
Goodwill	80,044	83,656
Other intangible assets	7,067	6,103
Deferred tax assets	15,967	1,427
Total assets	2,185,681	2,135,158
LIABILITIES AND SHAREHOLDERS' EQUITY
Trade and other payables	159,662	159,600
Payables to related parties	8,699	4,320
Income tax payable	915	1,899
Debt	985,018	989,387
Derivative financial instruments	34,240	12,476
Other liabilities	30,636	21,602
Deferred tax liabilities	102,620	106,033
Total liabilities	1,321,790	1,295,317
Commitments and contingencies (see Note 8)
Shareholders' equity
Ordinary shares (par value €0.10; 500,000,000 shares authorized, 130,885,269 shares issued and 130,327,895 shares outstanding as of June 30, 2019, and 130,494,734 shares issued and 130,440,126 shares outstanding as of December 31, 2018)	14,205	14,161
Treasury shares (at cost, 557,374 as of June 30, 2019 and 54,608 shares as of December 31, 2018)	(4,316)	(394)
Paid-in capital	997,015	992,297
Accumulated other comprehensive loss	(24,476)	(3,658)
Accumulated deficit	(118,537)	(162,565)
Total shareholders' equity	863,891	839,841
Total liabilities and shareholders' equity	$ 2,185,681	$ 2,135,158

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - € / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Ordinary shares, par value (in Euros per share)	€ 0.10	€ 0.10
Ordinary shares, authorized (in shares)	500,000,000	500,000,000
Ordinary shares, issued (in shares)	130,885,269	130,494,734
Ordinary shares, outstanding (in shares)	130,327,895	130,440,126
Treasury shares, at cost (in shares)	557,374	54,608

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue:
Total revenue	$ 164,023	$ 145,572	$ 359,819	$ 322,419
Direct and selling, general and administrative expenses:
Direct	92,582	78,113	186,325	159,169
Selling, general and administrative	32,048	32,780	63,876	59,253
Pre-opening	202	0	291	0
Depreciation and amortization	25,908	15,882	48,219	31,571
Reimbursed costs	2,949	78	3,537	122
Gain on insurance proceeds	0	0	0	(1,521)
Direct and selling, general and administrative expenses	153,689	126,853	302,248	248,594
Operating income	10,334	18,719	57,571	73,825
Interest expense	(10,666)	(5,632)	(24,860)	(27,514)
Other income (expense)	364	378	(238)	(1,446)
Net income before tax	32	13,465	32,473	44,865
Income tax benefit (provision)	1,008	3,356	11,555	(6,227)
Net income	$ 1,040	$ 16,821	$ 44,028	$ 38,638
Earnings per share - Basic (in dollars per share)	$ 0.01	$ 0.14	$ 0.34	$ 0.34
Earnings per share - Diluted (in dollars per share)	$ 0.01	$ 0.14	$ 0.34	$ 0.34
Weighted average number of shares outstanding during the period - Basic (in shares)	130,421,695	116,987,887	130,480,549	113,685,219
Weighted average number of shares outstanding during the period - Diluted (in shares)	130,815,177	117,325,223	130,789,467	113,981,763
Package
Revenue:
Total revenue	$ 136,095	$ 124,286	$ 305,887	$ 278,994
Non-package
Revenue:
Total revenue	24,428	21,153	48,910	42,952
Management fees
Revenue:
Total revenue	551	55	1,485	351
Cost reimbursements
Revenue:
Total revenue	$ 2,949	$ 78	$ 3,537	$ 122

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,040	$ 16,821	$ 44,028	$ 38,638
Other comprehensive (loss) income, net of taxes
Unrealized loss on interest rate swaps	(14,784)		(20,642)
Unrealized loss on interest rate swaps		0		0
Pension obligation (loss) gain	(25)	18	(176)	(63)
Total other comprehensive (loss) income	(14,809)	18	(20,818)	(63)
Comprehensive (loss) income	$ (13,769)	$ 16,839	$ 23,210	$ 38,575

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Ordinary Shares	Treasury Shares	Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2017		110,297,697	7,367
Beginning balance at Dec. 31, 2017	$ 599,549	$ 11,803	$ (80)	$ 773,194	$ (3,826)	$ (181,542)
Shareholders' Equity
Net income	21,817					21,817
Other comprehensive income (loss)	(81)				(81)
Share-based compensation (in shares)		48,699
Share-based compensation	1,786	$ 6		1,780
Ending balance (in shares) at Mar. 31, 2018		110,346,396	7,367
Ending balance at Mar. 31, 2018	623,071	$ 11,809	$ (80)	774,974	(3,907)	(159,725)
Beginning balance (in shares) at Dec. 31, 2017		110,297,697	7,367
Beginning balance at Dec. 31, 2017	599,549	$ 11,803	$ (80)	773,194	(3,826)	(181,542)
Shareholders' Equity
Net income	38,638
Other comprehensive income (loss)	(63)
Ending balance (in shares) at Jun. 30, 2018		130,478,993	7,367
Ending balance at Jun. 30, 2018	857,414	$ 14,160	$ (80)	990,127	(3,889)	(142,904)
Beginning balance (in shares) at Mar. 31, 2018		110,346,396	7,367
Beginning balance at Mar. 31, 2018	623,071	$ 11,809	$ (80)	774,974	(3,907)	(159,725)
Shareholders' Equity
Net income	16,821					16,821
Other comprehensive income (loss)	18				18
Shares issued in business combination (See Note 4) (in shares)		20,000,000
Shares issued in business combination (see Note 4)	215,400	$ 2,336		213,064
Share-based compensation (in shares)		132,597
Share-based compensation	2,104	$ 15		2,089
Ending balance (in shares) at Jun. 30, 2018		130,478,993	7,367
Ending balance at Jun. 30, 2018	857,414	$ 14,160	$ (80)	990,127	(3,889)	(142,904)
Beginning balance (in shares) at Dec. 31, 2018		130,440,126	54,608
Beginning balance at Dec. 31, 2018	839,841	$ 14,161	$ (394)	992,297	(3,658)	(162,565)
Shareholders' Equity
Net income	42,988					42,988
Other comprehensive income (loss)	(6,009)				(6,009)
Share-based compensation (in shares)		249,044
Share-based compensation	2,748	$ 29		2,719
Repurchase of ordinary shares (in shares)		(198,179)	(198,179)
Repurchase of ordinary shares	(1,522)		$ (1,522)
Ending balance (in shares) at Mar. 31, 2019		130,490,991	252,787
Ending balance at Mar. 31, 2019	878,046	$ 14,190	$ (1,916)	995,016	(9,667)	(119,577)
Beginning balance (in shares) at Dec. 31, 2018		130,440,126	54,608
Beginning balance at Dec. 31, 2018	839,841	$ 14,161	$ (394)	992,297	(3,658)	(162,565)
Shareholders' Equity
Net income	44,028
Other comprehensive income (loss)	$ (20,818)
Repurchase of ordinary shares (in shares)	(502,766)
Ending balance (in shares) at Jun. 30, 2019		130,327,895	557,374
Ending balance at Jun. 30, 2019	$ 863,891	$ 14,205	$ (4,316)	997,015	(24,476)	(118,537)
Beginning balance (in shares) at Mar. 31, 2019		130,490,991	252,787
Beginning balance at Mar. 31, 2019	878,046	$ 14,190	$ (1,916)	995,016	(9,667)	(119,577)
Shareholders' Equity
Net income	1,040					1,040
Other comprehensive income (loss)	(14,809)				(14,809)
Share-based compensation (in shares)		141,491
Share-based compensation	$ 2,014	$ 15		1,999
Repurchase of ordinary shares (in shares)	(304,587)	(304,587)	(304,587)
Repurchase of ordinary shares	$ (2,400)		$ (2,400)
Ending balance (in shares) at Jun. 30, 2019		130,327,895	557,374
Ending balance at Jun. 30, 2019	$ 863,891	$ 14,205	$ (4,316)	$ 997,015	$ (24,476)	$ (118,537)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 44,028	$ 38,638
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	48,219	31,571
Amortization of debt discount and issuance costs	681	827
Share-based compensation	4,762	3,890
Loss on derivative financial instruments	1,122	3,720
Deferred income taxes	(14,341)	0
Amortization of key money	(110)	0
Other	628	592
Changes in assets and liabilities:
Trade and other receivables, net	1,743	(2,893)
Accounts receivable from related parties	1,504	(1,595)
Inventories	(224)	(372)
Prepayments and other assets	(4,845)	1,300
Trade and other payables	(5,512)	(9,098)
Payables to related parties	4,379	784
Income tax payable	(984)	777
Other liabilities	5,026	299
Net cash provided by operating activities	86,076	68,440
INVESTING ACTIVITIES:
Capital expenditures	(92,038)	(40,058)
Acquisition of Sagicor business, net of cash acquired	0	(93,128)
Receipt of key money	2,500	0
Purchase of intangibles	(1,424)	(1,318)
Proceeds from disposal of property and equipment	6	0
Property damage insurance proceeds	2,009	0
Net cash used in investing activities	(88,947)	(134,504)
FINANCING ACTIVITIES:
Proceeds from debt issuance	0	99,499
Repayment of Term Loan	(5,050)	(4,800)
Repurchase of ordinary shares	(3,922)	0
Net cash (used in) provided by financing activities	(8,972)	94,699
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(11,843)	28,635
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD	116,353	117,229
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	104,510	145,864
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of interest capitalized	22,616	28,154
Cash paid for income taxes	4,990	5,572
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Non-cash issuance of shares in business combination (see Note 4)	0	215,400
Capital expenditures incurred but not yet paid	5,813	290
Intangible assets capitalized but not yet paid	474	393
Interest capitalized but not yet paid	95	0
Right-of-use assets obtained in exchange for new operating lease liabilities	1,393	0
Par value of vested restricted share awards	$ 44	$ 21

Organization, operations and ba

Organization, operations and basis of presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, operations and basis of presentation	Organization, operations and basis of presentation Background Playa Hotels & Resorts N.V. (“Playa” or the “Company”) is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations. We own and/or manage a portfolio of 21 resorts located in Mexico, the Dominican Republic and Jamaica. Unless otherwise indicated or the context requires otherwise, references in our condensed consolidated financial statements (our “ Condensed Consolidated Financial Statements ”) to “we,” “our,” “us” and similar expressions refer to Playa and its subsidiaries. Basis of preparation, presentation and measurement Our Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements as of and for the year ended December 31, 2018 , included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2019 (the “Annual Report”). In our opinion, the unaudited interim Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Consolidated Financial Statements and include all adjustments, consisting of only normal recurring adjustments, necessary for fair presentation. Results for all comparative prior periods have been reclassified to conform to the current period presentation. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results of operations to be expected for the full year ended December 31, 2019

Significant accounting policies

Significant accounting policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Significant accounting policies	Significant accounting policies Derivative financial instruments We use derivative financial instruments, primarily interest rate swap contracts, to hedge our exposure to interest rate risk. Such derivative financial instruments are initially recorded at fair value on the date on which a derivative contract is entered into and are subsequently remeasured to fair value at period end. As of March 20, 2019 , we elected to adopt hedge accounting and designate our existing interest rate swaps as cash flow hedges. Changes in the fair value of a derivative contract that is qualified, designated and highly effective as a cash flow hedge are recorded in total other comprehensive (loss) income in our Condensed Consolidated Statements of Comprehensive (Loss) Income and reclassified into interest expense in our Condensed Consolidated Statements of Operations in the same period or periods during which the hedged transaction affects earnings. If a derivative contract does not meet this criteria, then the change in fair value is recognized in earnings. Standards adopted Standard Description Date of Adoption Effect on the Financial Statements or Other Significant Matters Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) This standard introduces a lessee model that brings most leases on the balance sheet. This will increase a lessee’s reported assets and liabilities—in some cases very significantly. Lessor accounting remains substantially similar to current U.S. GAAP. January 2019 We adopted ASU 2016-02 using the transition method outlined in ASU No. 2018-11, Leases (Topic 842): Targeted Improvements , resulting in no cumulative adjustment to accumulated deficit as our lease portfolio consists solely of operating leases. Refer to Note 9 for further discussion. ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220) This standard provides guidance regarding the treatment of stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act of 2017. Entities can make an election to reclassify these stranded income tax effects from accumulated other comprehensive income to retained earnings. January 2019 We adopted ASU 2018-02 and concluded that the effect on our Condensed Consolidated Financial Statements was immaterial. The tax effects presented in accumulated other comprehensive loss relate to our employee benefit plan and have been historically immaterial.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following tables present our revenues disaggregated by geographic segment (refer to discussion of our reportable segments in Note 19) ( $ in thousands) : Three Months Ended June 30, 2019 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 53,460 $ 19,770 $ 18,226 $ 44,639 $ — $ 136,095 Non-package revenue 8,400 3,155 4,394 8,465 14 24,428 Management fees — — — — 551 551 Cost reimbursements — — — 2,588 361 2,949 Total revenue $ 61,860 $ 22,925 $ 22,620 $ 55,692 $ 926 $ 164,023 Three Months Ended June 30, 2018 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 57,812 $ 17,183 $ 25,661 $ 23,629 $ 1 $ 124,286 Non-package revenue 7,864 3,127 5,835 4,336 (9 ) 21,153 Management fees — — — — 55 55 Cost reimbursements — — — — 78 78 Total revenue $ 65,676 $ 20,310 $ 31,496 $ 27,965 $ 125 $ 145,572 Six Months Ended June 30, 2019 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 117,761 $ 42,493 $ 46,750 $ 98,883 $ — $ 305,887 Non-package revenue 16,239 6,801 8,994 16,859 17 48,910 Management fees — — — — 1,485 1,485 Cost reimbursements — — — 2,588 949 3,537 Total revenue $ 134,000 $ 49,294 $ 55,744 $ 118,330 $ 2,451 $ 359,819 Six Months Ended June 30, 2018 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 130,866 $ 42,209 $ 61,049 $ 44,528 $ 342 $ 278,994 Non-package revenue 16,094 8,169 10,864 7,824 1 42,952 Management fees — — — — 351 351 Cost reimbursements — — — — 122 122 Total revenue $ 146,960 $ 50,378 $ 71,913 $ 52,352 $ 816 $ 322,419 Contract assets and liabilities We do not have any material contract assets as of June 30, 2019 and December 31, 2018 other than trade and other receivables, net on our Condensed Consolidated Balance Sheet . Our receivables are primarily the result of contracts with customers, which are reduced by an allowance for doubtful accounts that reflects our estimate of amounts that will not be collected. We record contract liabilities when cash payments are received or due in advance of guests staying at our resorts, which are presented as advance deposits (see Note 18) within trade and other payables on our Condensed Consolidated Balance Sheet . Our advanced deposits are generally recognized as revenue within one year.

Business combinations

Business combinations	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Business combinations	Business combinations Business combination with the Sagicor Parties On February 26, 2018, we entered into a Share Exchange Implementation Agreement with JCSD Trustee Services Limited, X Fund Properties Limited, Sagicor Pooled Investment Funds Limited, and Sagicor Real Estate X Fund Limited (collectively, the “ Sagicor Parties ”), as amended by that certain First Amendment to Share Exchange Implementation Agreement dated May 31, 2018 (as amended, the “Contribution Agreement”). Pursuant to the Contribution Agreement, the Sagicor Parties agreed to contribute a portfolio of the following assets (the “ Sagicor Assets ”) to a subsidiary of Playa in exchange for consideration consisting of a combination of our ordinary shares and cash: • The Hilton Rose Hall Resort & Spa ; • The Jewel Runaway Bay Beach & Golf Resort ; • The Jewel Dunn’s River Beach Resort & Spa ; • The Jewel Paradise Cove Beach Resort & Spa ; • The 88 units comprising one of the towers in the multi-tower condominium and spa at the Jewel Grande Montego Bay Resort & Spa; • Developable land sites adjacent to the Jewel Grande Montego Bay Resort & Spa and the Hilton Rose Hall Resort & Spa ; • The management contract for the units owned by the Sagicor Parties at the Jewel Grande Montego Bay Resort & Spa; and • All of the Sagicor Parties ’ rights to “The Jewel” hotel brand. On June 1, 2018 (the “Acquisition Date”), we consummated our acquisition of the Sagicor Assets for total consideration, after prorations and working capital adjustments, of $308.5 million . We accounted for the acquisition as a business combination in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations , and allocated the purchase price to the fair values of assets acquired and liabilities assumed. The business combination with the Sagicor Parties allows us to expand our portfolio of resorts in the all-inclusive segment of the lodging industry, capitalize on opportunities for growth and create significant operational synergies. The following table summarizes the fair value of each class of consideration transferred to the Sagicor Parties on the Acquisition Date ( $ in thousands, except share data ): Cash consideration, net of cash acquired of $0.1 million $ 93,128 Ordinary shares (20,000,000 shares at the Acquisition Date closing price of $10.77 per share, €0.10 par value) 215,400 Total purchase consideration $ 308,528 Fair values of assets acquired and liabilities assumed The following table presents our estimates of fair values of the assets that we acquired and the liabilities that we assumed on the Acquisition Date as previously disclosed in our Annual Report and as finalized during the three months ended June 30, 2019 ($ in thousands) : June 1, 2018 (as previously reported) Adjustments June 1, 2018 (as finalized) Total purchase consideration $ 308,528 $ — $ 308,528 Net assets acquired Working capital (1,665 ) — (1,665 ) Property and equipment 304,299 — 304,299 Identifiable intangible assets and liabilities (449 ) — (449 ) Deferred income taxes (25,582 ) 3,612 (21,970 ) Goodwill 31,925 (3,612 ) 28,313 Total net assets acquired $ 308,528 $ — $ 308,528 Property and equipment Property and equipment primarily consists of the all-inclusive resorts and adjacent developable land sites. We estimated the value of the acquired property and equipment using a combination of the income and market approaches, which are primarily based on significant Level 2 and Level 3 assumptions (as described in Note 16), such as estimates of future income growth, capitalization rates, discount rates, and capital expenditure needs of the Sagicor Assets . Identified intangible assets and liabilities The following table presents our estimates of the fair values of the identified intangible assets and liabilities and their related estimated useful lives ($ in thousands) : Balance Sheet Classification Estimated Fair Value Weighted-Average Amortization Period (in years) Management contract Other intangible assets $ 1,900 20 Unfavorable ground lease liability Other liabilities (2,349 ) 22 Total identifiable intangibles acquired $ (449 ) We estimated the value of the management contract using the multi-period excess earnings valuation method, which is a variation of the income valuation approach. This method estimates an intangible asset’s value based on the present value of its incremental after-tax cash flows. This valuation approach utilizes Level 3 inputs (as described in Note 16 ). Deferred income taxes Deferred income taxes primarily relate to the fair value of non-current assets and liabilities acquired from the Sagicor Parties , including property and equipment and intangible liabilities. We calculated deferred income taxes based on the statutory rate in the jurisdiction of the legal entities where the acquired non-current assets and liabilities are recorded. Deferred tax assets, net of a $0.7 million valuation allowance, were $0.2 million and deferred tax liabilities were $22.2 million related to the acquisition. Goodwill The excess of the purchase consideration over the aggregate fair values of assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized is attributable primarily to expected synergies and future growth opportunities of our combined operations and is not deductible for income tax purposes. Goodwill related to the business combination was recognized at the Jamaica reportable segment (refer to discussion of our reportable segments in Note 19 ). Pro forma results of operations The following unaudited pro forma results of operations were prepared as though the business combination was completed on January 1, 2017 . This unaudited pro forma financial information does not necessarily reflect the results of operations of Playa that actually would have resulted had the acquisition of the Sagicor Assets occurred at the date indicated, nor does it project the results of operations of Playa for any future date or period ($ in thousands, except per share amounts) : Three Months Ended June 30, Six Months Ended June 30, 2018 2018 Pro forma revenue $ 163,270 $ 372,183 Pro forma net income $ 19,911 $ 50,319 Pro forma earnings per share - Basic $ 0.15 $ 0.39 Pro forma earnings per share - Diluted $ 0.15 $ 0.39 The unaudited pro forma financial information for the three and six months ended June 30, 2018 includes adjustments for: • Depreciation and amortization expense resulting from the estimated fair values of acquired property and equipment and identifiable definite-lived intangible assets and liabilities, respectively; • Elimination of the Sagicor Assets' management fees and interest expense; • Interest expense resulting from the issuance of an $100.0 million term loan add-on; • Related income tax effects; and • Weighted-average number of shares outstanding. For the six months ended June 30, 2018, we incurred approximately $2.0 million in transaction costs related to the acquisition and approximately $1.3 million in transaction costs related to the issuance of the $100.0 million term loan add-on. These costs are recorded within selling, general and administrative expenses in the Condensed Consolidated Statement of Operations. Sagicor Assets' results of operations The following table presents the results of the Sagicor Assets' operations, which are recorded within our Jamaica reportable segment, included in our Condensed Consolidated Statement of Operations for the period from the Acquisition Date through June 30, 2018 ($ in thousands) : June 2, 2018 - June 30, 2018 Revenue $ 8,662 Net income $ 2,692

Property and equipment

Property and equipment	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property and equipment	Property and equipment The balance of property and equipment, net is as follows ($ in thousands ): As of June 30, As of December 31, 2019 2018 Land, buildings and improvements $ 1,789,973 $ 1,787,727 Fixtures and machinery 71,535 69,396 Furniture and other fixed assets 197,119 195,036 Construction in progress 194,494 106,520 Total property and equipment, gross 2,253,121 2,158,679 Accumulated depreciation (395,125 ) (350,267 ) Total property and equipment, net $ 1,857,996 $ 1,808,412 Depreciation expense for property and equipment was $47.7 million and $31.0 million for the six months ended June 30, 2019 and 2018 , respectively, and $25.6 million and $15.6 million for the three months ended June 30, 2019 and 2018 , respectively. For the six months ended June 30, 2019 and 2018 , $5.0 million and $2.1 million of interest expense was capitalized on qualifying assets, respectively. For the three months ended June 30, 2019 and 2018 , $2.9 million and $1.4 million of interest expense was capitalized on qualifying assets, respectively. Interest expense was capitalized using the weighted-average interest rate of the debt.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income taxes	Income taxes We are domiciled in The Netherlands and are taxed in The Netherlands with our other Dutch subsidiaries. Dutch companies are subject to Dutch corporate income tax at a general tax rate of 25% . During the first quarter of 2019, we implemented a new transfer pricing policy, where the intercompany pricing mechanics between our entities are based on the return on operating assets per applicable guidelines defined by the Organization for Economic Cooperation and Development. As a result, certain of our hotel entities that were previously in loss positions are now expected to be profitable, which resulted in the release of their valuation allowances. The income tax impact of the new policy has been reflected in the income tax computation for the three and six months ended June 30, 2019 . For the six months ended June 30, 2019 , our income tax benefit was $11.6 million , compared to a $6.2 million tax provision for the six months ended June 30, 2018 . The increase in our income tax benefit of $17.8 million was driven primarily by the net impact of our valuation allowance release of $14.3 million from the newly implemented transfer pricing policy, a decrease of $7.0 million due to lower pre-tax book income from the tax paying entities and a $2.5 million increase in the discrete tax expense associated with foreign exchange rate fluctuations. For the three months ended June 30, 2019 , our income tax benefit was $1.0 million , compared to a $3.4 million tax benefit for the three months ended June 30, 2018 . The decrease in our income tax benefit of $2.4 million was driven primarily by the net impact of an additional tax expense of $6.1 million associated with foreign exchange rate fluctuations and a reduction in tax expense of $4.2 million due to lower pre-tax book income from the tax paying entities. On August 2, 2019 , we received a formal resolution notice from the Ministry of Finance of the Dominican Republic. The resolution granted our Playa Romana Mar B.V. Dominican Republic branch a 15

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related party transactions	Related party transactions Relationship with Hyatt Hyatt is considered a related party due to its ownership of our ordinary shares and representation on our Board of Directors. We pay Hyatt fees associated with the franchise agreements of our resorts operating under the all-ages Hyatt Ziva and adults-only Hyatt Zilara brands and receive reimbursements for guests that pay for their stay using the World of Hyatt ® guest loyalty program. Relationship with Sagicor In connection with the acquisition of the Sagicor Assets, we issued 20,000,000 ordinary shares of our common stock to affiliates of Sagicor Group Jamaica Limited (“Sagicor”). Sagicor is considered a related party due to the ownership of our ordinary shares by its affiliated entities and representation on our Board of Directors. We pay Sagicor for insurance coverage for some of our Jamaica employees and properties. As of December 31, 2018 , we were also owed $4.8 million from Sagicor related to advance deposits and credit card collections which were paid to Sagicor, rather than us, following the acquisition. As of June 30, 2019 , this amount has been substantially received. Sagicor is also a part owner of the Jewel Grande Montego Bay Resort & Spa and compensates us as manager of the property. Lease with our Chief Executive Officer One of our offices is owned by our Chief Executive Officer, and we sublease the space at that location from a third party. Transactions with related parties Transactions between us and related parties during the three and six months ended June 30, 2019 and 2018 were as follows ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, Related Party Transaction 2019 2018 2019 2018 Hyatt Franchise fees (1) $ 4,902 $ 4,594 $ 9,538 $ 9,045 Sagicor Insurance premiums (1) $ 380 $ — $ 1,131 $ — Sagicor Cost reimbursements $ 2,807 $ — $ 2,807 $ — Chief Executive Officer Lease expense (2) $ 206 $ 255 $ 352 $ 472 ________ (1) Included in direct expense in the Condensed Consolidated Statements of Operations with the exception of certain immaterial fees associated with the Hyatt franchise agreements, which are included in selling, general, and administrative expense. (2) Included in selling, general, and administrative expense in the Condensed Consolidated Statements of Operations .

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies We are involved in various claims and lawsuits arising in the normal course of business, including proceedings involving tort and other general liability claims, and workers ’ compensation and other employee claims. Most occurrences involving liability and claims of negligence are covered by insurance with solvent insurance carriers. We recognize a liability when we believe the loss is probable and reasonably estimable. We currently believe that the ultimate outcome of such lawsuits and proceedings will not, individually or in the aggregate, have a material effect on our Condensed Consolidated Financial Statements . The Dutch corporate income tax act provides the option of a fiscal unity, which is a consolidated tax regime wherein the profits and losses of group companies can be offset against each other. Our Dutch companies file as a fiscal unity, with the exception of Playa Romana B.V., Playa Romana Mar B.V. and Playa Hotels & Resorts N.V. Playa Resorts Holding B.V. is the head of our Dutch fiscal unity and is jointly and severally liable for the tax liabilities of the fiscal unity as a whole.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases On January 1, 2019, we adopted ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), as described in Note 2, using the transition method outlined in ASU No. 2018-11, Leases (Topic 842): Targeted Improvements . The adoption of ASU 2016-02 resulted in no cumulative adjustment to accumulated deficit as our lease portfolio consists solely of operating leases. The comparative periods presented in our Condensed Consolidated Financial Statements are presented in accordance with ASC 840, Leases and do not reflect the impact of ASU 2016-02. On the date of adoption, January 1, 2019, we recorded right-of-use assets of $5.0 million and lease liabilities of $5.3 million related to our portfolio of operating leases (see Note 18 for balances as of June 30, 2019 ). We elected the following practical expedients, as provided under the applicable transition guidance: • Package of practical expedients, which, among other things, allows us to carry forward our prior lease classifications under ASC 840, Leases . • Recognized lease payments on a straight-line basis over the lease term for all leases with a term of 12 months or less and were not classified on the balance sheet. Our administrative offices, located in Virginia, Florida and Cancún, are leased under various lease agreements that extend for varying periods through 2025, with the option to extend our Cancún and Florida office leases through 2026 and 2030, respectively. The extension options are reasonably certain to be exercised and included in the amounts recorded. Our administrative offices contain lease components (e.g., fixed rent payments) and non-lease components (e.g., common-area maintenance, shared service costs, real estate taxes and insurance costs), which we account for separately. The lease components and non-lease components associated with our administrative offices represent the majority of our lease expense and variable lease expense, respectively. Our minimum future rents payable under non-cancelable operating leases with third parties and related parties as of June 30, 2019 were as follows ($ in thousands) : As of June 30, 2019 Remainder of 2019 $ 481 2020 991 2021 1,036 2022 1,074 2023 786 2024 652 Thereafter 2,928 Total minimum future lease payments 7,948 Less: imputed interest (1,373 ) Total $ 6,575 Our minimum future rents, at December 31, 2018, payable under non-cancelable operating leases with third parties and related parties were as follows ( $ in thousands ): As of December 31, 2018 2019 $ 1,199 2020 1,031 2021 1,016 2022 1,044 2023 745 Thereafter 3,394 Total $ 8,429 The following table presents the components of lease expense for the three and six months ended June 30, 2019 and supplemental cash flow information for the six months ended June 30, 2019 ($ in thousands) : Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease expense (1)(2) $ 826 $ 1,306 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 307 ________ (1) Includes variable lease and short term lease expenses, which are considered individually immaterial. Our lease expense is reported in direct expense and selling, general and administrative expense in the Condensed Consolidated Statements of Operations depending on the nature of the lease. (2) Lease expense under ASC 840, Leases, related to our non-cancelable operating leases, including variable lease cost, was $0.6 million and $1.1 million for the three and six months ended June 30, 2018 , respectively. The following table presents other relevant information related to our leases for the six months ended June 30, 2019 : Weighted-average remaining lease term 8.34 years Weighted-average discount rate (1) 4.54 % ________ (1) The discount rates applied to each lease reflects our estimated incremental borrowing rate. We rent certain real estate to third parties for office and retail space within our hotels. Our lessor contracts are considered operating leases and generally have a contractual term of one to three years . The following table presents our rental income for the three and six months ended June 30, 2019 ($ in thousands) : Leases Financial Statement Classification Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating lease income (1) Non-package revenue $ 1,245 $ 2,716 ________ (1)

Ordinary shares

Ordinary shares	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Ordinary shares	Ordinary shares On December 14, 2018 , our Board of Directors authorized the repurchase of up to $100.0 million of our outstanding ordinary shares as market conditions and Playa's liquidity warrant. Repurchases may be made from time to time in the open market, in privately negotiated transactions or by other means (including Rule 10b5-1 trading plans). Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. During the three and six months ended June 30, 2019 , we purchased 304,587 and 502,766 ordinary shares, respectively, under the repurchase program. The shares repurchased were recorded as treasury shares on the Condensed Consolidated Balance Sheet as of June 30, 2019 . As of June 30, 2019 , our ordinary share capital consisted of 130,327,895 ordinary shares outstanding, which have a par value of €0.10 per share. In addition, 2,796,557 restricted shares and performance share awards and 18,028 restricted share units were outstanding under the 2017 Plan (as defined in Note 12). The holders of restricted shares and performance share awards are entitled to vote, but not dispose of, such shares until they vest. The holders of restricted share units are neither entitled to vote nor dispose of such shares until they vest. We previously issued 3,000,000 warrants (the “Earnout Warrants”) which entitle the holders to acquire one ordinary share for each Earnout Warrant for an exercise price of €0.10 per ordinary share in the event that the price per share underlying the Earnout Warrants on the NASDAQ is greater than $13.00 for a period of more than 20 days out of 30 consecutive trading days within the five years after March 11, 2017. The Earnout Warrants expire on March 11, 2022 or earlier upon redemption or liquidation in accordance with their term. As of June 30, 2019 , there were 2,987,770 Earnout Warrants outstanding.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Warrants	Ordinary shares On December 14, 2018 , our Board of Directors authorized the repurchase of up to $100.0 million of our outstanding ordinary shares as market conditions and Playa's liquidity warrant. Repurchases may be made from time to time in the open market, in privately negotiated transactions or by other means (including Rule 10b5-1 trading plans). Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. During the three and six months ended June 30, 2019 , we purchased 304,587 and 502,766 ordinary shares, respectively, under the repurchase program. The shares repurchased were recorded as treasury shares on the Condensed Consolidated Balance Sheet as of June 30, 2019 . As of June 30, 2019 , our ordinary share capital consisted of 130,327,895 ordinary shares outstanding, which have a par value of €0.10 per share. In addition, 2,796,557 restricted shares and performance share awards and 18,028 restricted share units were outstanding under the 2017 Plan (as defined in Note 12). The holders of restricted shares and performance share awards are entitled to vote, but not dispose of, such shares until they vest. The holders of restricted share units are neither entitled to vote nor dispose of such shares until they vest. We previously issued 3,000,000 warrants (the “Earnout Warrants”) which entitle the holders to acquire one ordinary share for each Earnout Warrant for an exercise price of €0.10 per ordinary share in the event that the price per share underlying the Earnout Warrants on the NASDAQ is greater than $13.00 for a period of more than 20 days out of 30 consecutive trading days within the five years after March 11, 2017. The Earnout Warrants expire on March 11, 2022 or earlier upon redemption or liquidation in accordance with their term. As of June 30, 2019 , there were 2,987,770 Earnout Warrants outstanding.

Share-based compensation

Share-based compensation	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Share-based compensation	Share-based compensation We adopted the 2017 Omnibus Incentive Plan (the “2017 Plan”) to attract and retain independent directors, executive officers and other key employees and service providers. The 2017 Plan was approved by our Board of Directors and shareholders on March 10, 2017 and was amended on May 16, 2019 to increase the number of ordinary shares authorized and available for grant from 4,000,000 shares to 12,000,000 shares. The Compensation Committee of our Board of Directors may award share options, share appreciation rights, restricted shares, share units, unrestricted shares, dividend equivalent rights, performance shares and other performance-based awards, other equity-based awards, and cash bonus awards under the 2017 Plan. As of June 30, 2019 , there were 8,070,488 shares available for future grants under the 2017 Plan. Restricted share awards Restricted share awards consist of restricted shares and restricted share units that are granted to eligible employees, executives, and board members and consist of ordinary shares (or the right to receive ordinary shares) subject to restrictions and to a risk of forfeiture. Restricted shares issued to our employees and executives generally vest over a period of three or five years . Restricted share units generally vest over a period of three years . For restricted share awards with a three -year vesting period, one-third of the award vests on each of the first three anniversaries of the grant date of the award. For restricted share awards with a five -year vesting period, 25% of the award vests on the third anniversary of the grant date of the award, 25% vests on the fourth anniversary of the grant date of the award and 50% vests on the fifth anniversary of the grant date of the award. Restricted share awards issued to our directors for their services as directors generally vest immediately on the grant date of the award. The vesting of restricted share awards is subject to the holder’s continued employment through the applicable vesting date. Unvested restricted share awards will be forfeited if the employee’s or the executive’s employment terminates during the vesting period, provided that unvested restricted share awards will accelerate upon certain terminations of employment as set forth in the applicable award agreements. The holders of restricted shares have the right to vote the restricted shares and receive all dividends declared and paid on such shares, provided that dividends paid on unvested restricted shares will be subject to the same conditions and restrictions applicable to the underlying restricted shares. The holders of restricted share units have no right to vote the underlying shares and may be entitled to be credited with dividend equivalents in respect of each cash dividend declared and paid by Playa, in an amount per share unit equal to the per-share dividend paid on our ordinary shares, which dividend equivalents will be deemed to have been reinvested in additional restricted share units that are subject to the same terms and conditions applicable to the underlying restricted share units to which they relate. Compensation expense for restricted share awards is measured based upon the fair market value of our ordinary shares at the date of grant and recognized on a straight-line basis over the vesting period. A summary of our restricted share awards from January 1, 2019 to June 30, 2019 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2019 1,718,684 $ 10.19 Granted 783,228 7.08 Vested (390,535 ) 9.52 Forfeited (77,837 ) 9.16 Unvested balance at June 30, 2019 2,033,540 $ 9.16 The fair value of vested restricted share awards during the six months ended June 30, 2019 and 2018 was $2.9 million and $1.9 million , respectively. The fair value of vested restricted share awards during the three months ended June 30, 2019 and 2018 was $1.1 million and $1.4 million , respectively. As of June 30, 2019 and 2018 , the unrecognized compensation cost related to restricted share awards was $13.2 million and $13.2 million , respectively, and is expected to be recognized over a weighted-average period of 2.2 years and 3.1 years , respectively. Compensation expense related to restricted share awards was $4.1 million and $2.8 million for the six months ended June 30, 2019 and 2018 , respectively, and $1.7 million and $1.2 million for the three months ended June 30, 2019 and 2018 , respectively. Compensation expense is recorded within selling, general and administrative expenses in the Condensed Consolidated Statements of Operations . Performance share awards Performance share awards consist of ordinary shares that may become earned and vested based on the achievement of performance targets adopted by our Compensation Committee. The actual number of ordinary shares that ultimately vest will range from 0% to 150% of the target award and will be determined at the end of the three -year performance period based on two performance criteria as defined in the applicable award agreements for the period of performance. Any ordinary shares that ultimately vest based on the achievement of the applicable performance criteria will be deemed to be vested on the date on which our Compensation Committee certifies the level of achievement of such performance criteria. Except in connection with certain qualifying terminations of employment, as set forth in the applicable award agreements, t he awards require continued service through the certification date. The holders of these awards have voting rights equivalent to the target level of ordinary shares granted to the holder and any dividends declared on such shares will be accumulated and paid within 30 days after and to the extent the target ordinary shares vest. The grant date fair value of the portion of the award based on the compounded annual growth rate of our total shareholder return was estimated using a Monte-Carlo model. The table below summarizes the key inputs used in the Monte-Carlo simulation ($ in thousands) : Performance Award Grant Date Percentage of Total Award Grant Date Fair Value by Component Volatility (1) Interest Rate (2) Dividend Yield May 26, 2017 Total Shareholder Return 50 % $ 770 27.02 % 1.39 % — % Adjusted EBITDA Comparison 50 % $ 1,350 — % — % — % January 2, 2018 Total Shareholder Return 50 % $ 860 26.13 % 2.00 % — % Adjusted EBITDA Comparison 50 % $ 1,475 — % — % — % January 2, 2019 Total Shareholder Return 50 % $ 537 27.78 % 2.46 % — % Adjusted EBITDA Comparison 50 % $ 900 — % — % — % ________ (1) Expected volatility was determined based on the historical share prices in our industry. (2) The risk-free rate was based on U.S. Treasury zero coupon issues with a remaining term equal to the remaining term of the measurement period. In the table above, the total shareholder return component is a market condition as defined by ASC 718, Compensation—Stock Compensation , and compensation expense related to this component is recognized on a straight-line basis over the vesting period. The grant date fair value of the portion of the awards based on the compounded annual growth rate of our Adjusted EBITDA (as defined in Note 19) was based on the closing stock price of our ordinary shares on such date. The Adjusted EBITDA component is a performance condition as defined by ASC 718, and, therefore, compensation expense related to this component is reassessed at each reporting date based on our estimate of the probable level of achievement, and the accrual of compensation expense is adjusted as appropriate. A summary of our performance share awards from January 1, 2019 to June 30, 2019 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2019 523,545 $ 8.26 Granted 257,500 5.58 Unvested balance at June 30, 2019 781,045 $ 7.38 As of June 30, 2019 and 2018 , the unrecognized compensation cost related to the performance share awards was $2.1 million and $3.2 million , respectively, and is expected to be recognized over a weighted-average period of 2.0 years and 2.1 years , respectively. Compensation expense related to the performance share awards was $0.6 million and $1.1 million for the six months ended June 30, 2019 and 2018 , respectively, and $0.2 million and $1.0 million for the three months ended June 30, 2019 and 2018 , respectively. Compensation expense is recorded within selling, general and administrative expenses in the Condensed Consolidated Statements of Operations .

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings per share	Earnings per share The calculations of basic and diluted earnings or losses per share (“EPS”) are as follows ( $ in thousands, except share data ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator: Net income $ 1,040 $ 16,821 $ 44,028 $ 38,638 Denominator: Denominator for basic EPS - weighted-average shares 130,421,695 116,987,887 130,480,549 113,685,219 Effect of dilutive securities: Unvested restricted share awards 393,482 337,336 308,918 296,544 Denominator for diluted EPS - adjusted weighted-average shares 130,815,177 117,325,223 130,789,467 113,981,763 EPS - Basic $ 0.01 $ 0.14 $ 0.34 $ 0.34 EPS - Diluted $ 0.01 $ 0.14 $ 0.34 $ 0.34 For the three and six months ended June 30, 2019 and 2018 , 781,045 and 538,951 shares of unvested performance-based equity awards, respectively, were not included in the computation of diluted EPS after assumed conversions as the performance criteria were not met as of the end of the respective reporting period. For the three and six months ended June 30, 2019 , 273,811 and 312,424 shares of unvested restricted share awards, respectively, were not included in the computation of diluted EPS as their effect would have been anti-dilutive. For the three and six months ended June 30, 2019 and 2018 , outstanding Earnout Warrants to acquire a total of 2,987,770 and 3,000,000

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Debt consists of the following ($ in thousands) : As of June 30, As of December 31, 2019 2018 Debt obligations Term Loan (1) $ 991,498 $ 996,548 Revolving Credit Facility (2) — — Total debt obligations 991,498 996,548 Unamortized discount and debt issuance costs Discount on Term Loan (2,426 ) (2,681 ) Unamortized debt issuance costs on Term Loan (4,054 ) (4,480 ) Total unamortized discount and debt issuance costs (6,480 ) (7,161 ) Total debt $ 985,018 $ 989,387 ________ (1) Borrowings under the Term Loan bear interest at floating rates equal to one-month London Interbank Offered Rate (“LIBOR”) plus 2.75% (where the applicable LIBOR rate has a 1.0% floor). The interest rate was 5.15% and 5.27% as of June 30, 2019 and December 31, 2018 , respectively. Effective March 29, 2018 , we entered into two interest rate swaps to fix LIBOR at 2.85% on $800.0 million of our Term Loan (see Note 15). (2) The commitment fee on the $100.0 million undrawn balance of our Revolving Credit Facility bore interest of 0.5% as of June 30, 2019 and December 31, 2018 . The commitment fee may range from 0.5% to 0.25% depending on certain leverage ratios. For any drawn balances, the Revolving Credit Facility bears interest at one-month LIBOR plus 3.0% . Financial maintenance covenants Our Senior Secured Credit Facility requires us to meet a springing leverage ratio financial maintenance covenant, but only if the aggregate amount outstanding on our Revolving Credit Facility exceeds 35% of the aggregate revolving credit commitments as defined in our Senior Secured Credit Facility. On March 19, 2019 , we entered into the Third Amendment to Amended & Restated Credit Agreement (the “Third Amendment”) to exclude the lesser of $50.0 million and the aggregate amount of revolving credit commitments borrowed in connection with the Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana development project from the calculation of the springing leverage ratio for the period July 1, 2019 through June 30, 2020 . On July 1, 2020 , the springing leverage ratio will be calculated based on the provisions in the Senior Secured Credit Facility as if the Third Amendment had not taken place. We were in compliance with all applicable covenants as of June 30, 2019

Derivative financial instrument

Derivative financial instruments	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative financial instruments	Derivative financial instruments Interest rate swaps Effective March 29, 2018 , we entered into two interest rate swaps to mitigate the interest rate risk inherent to our floating rate debt, including the Revolving Credit Facility and Term Loan. The interest rate swaps are not for trading purposes and have fixed notional values of $200.0 million and $600.0 million . The fixed rate paid by us is 2.85% and the variable rate received resets monthly to the one-month LIBOR rate, which results in us fixing LIBOR at 2.85% on $800.0 million of our Term Loan. The interest rate swaps mature on March 31, 2023. As of March 20, 2019 , we elected to adopt hedge accounting and designate our interest rate swaps as cash flow hedges. Prior to our adoption of hedge accounting, the change in fair value of our interest rate swaps was recognized through interest expense in the Condensed Consolidated Statements of Operations . Following the adoption, the change in the fair value of our interest rate swaps that qualifies as effective cash flow hedges is recorded through other comprehensive loss (“OCI”) in the Condensed Consolidated Statements of Comprehensive (Loss) Income . Unrealized gains and losses in accumulated other comprehensive loss (“AOCI”) are reclassified to interest expense as interest payments are made on our variable rate debt. The following tables present the effect of our interest rate swaps, net of tax, in the Condensed Consolidated Statements of Comprehensive (Loss) Income and Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2019 and 2018 ($ in thousands) : Derivative Liabilities Designated as Hedging Instruments 2019 2018 AOCI from our cash flow hedges as of January 1 $ — $ — Change in fair value 5,834 — Reclassification from AOCI to interest expense (1) 24 — OCI related to our cash flow hedges for the three months ended March 31 5,858 — Change in fair value 14,648 — Reclassification from AOCI to interest expense (1) 136 — OCI related to our cash flow hedges for the three months ended June 30 14,784 — AOCI from our cash flow hedges as of June 30 $ 20,642 $ — ________ (1) As of June 30, 2019 , the total amount expected to be reclassified from AOCI to interest expense during the next twelve months is $4.2 million . Derivative Liabilities Not Designated as Hedging Instruments Financial Statement Classification Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest rate swaps (1) Interest expense $ — $ (5,398 ) $ 2,715 $ 5,627 ________ (1) Includes the change in fair value of our interest rate swaps and the cash interest paid for the monthly settlements of the derivative prior to our hedge designation date of March 20, 2019 . The following tables present the effect of our interest rate swaps in the Condensed Consolidated Balance Sheet as of June 30, 2019 and December 31, 2018 ($ in thousands) : Derivative Liabilities Designated as Hedging Instruments Financial Statement Classification As of June 30, As of December 31, 2019 2018 Interest rate swaps Derivative financial instruments $ 34,240 $ — Derivative Liabilities Not Designated as Hedging Instruments Financial Statement Classification As of June 30, As of December 31, 2019 2018 Interest rate swaps Derivative financial instruments $ — $ 12,476

Fair value of financial instrum

Fair value of financial instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair value of financial instruments	Fair value of financial instruments The objective of a fair value measurement is to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the measurement date under current market conditions. U.S. GAAP establishes a hierarchical disclosure framework, which prioritizes and ranks the level of observability of inputs used in measuring fair value as follows: • Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2: Unadjusted quoted prices for similar assets or liabilities in active markets, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. • Level 3: Inputs are unobservable and reflect our judgments about assumptions that market participants would use in pricing an asset or liability. We believe the carrying value of our financial instruments, excluding our debt, approximate their fair values as of June 30, 2019 and December 31, 2018 . We did not have any Level 3 instruments during any of the above periods. The following table presents our fair value hierarchy for our financial liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 ($ in thousands): June 30, 2019 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis: Interest rate swap $ 34,240 $ — $ 34,240 $ — December 31, 2018 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis: Interest rate swap $ 12,476 $ — $ 12,476 $ — The following tables present our fair value hierarchy for our financial liabilities not measured at fair value as of June 30, 2019 and December 31, 2018 ($ in thousands) : Carrying Value Fair Value As of June 30, 2019 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value: Debt: Term Loan $ 985,018 $ — $ — $ 949,392 Revolving Credit Facility — — — — Total $ 985,018 $ — $ — $ 949,392 Carrying Value Fair Value As of December 31, 2018 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value: Debt: Term Loan $ 989,387 $ — $ — $ 927,025 Revolving Credit Facility — — — — Total $ 989,387 $ — $ — $ 927,025 The following table summarizes the valuation techniques used to estimate the fair value of our financial instruments measured at fair value on a recurring basis and our financial instruments not measured at fair value: Valuation Technique Financial instruments recorded at fair value: Interest rate swaps The fair value of the interest rate swaps is estimated based on the expected future cash flows by incorporating the notional amount of the swaps, the contractual period to maturity, and observable market-based inputs, including interest rate curves. The fair value also incorporates credit valuation adjustments to appropriately reflect nonperformance risk. Financial instruments not recorded at fair value: Term Loan The fair value of our Term Loan is estimated using cash flow projections over the remaining contractual period by applying market forward rates and discounting back at the appropriate discount rate. Revolving Credit Facility The valuation technique of our Revolving Credit Facility is consistent with our Term Loan. The fair value of the Revolving Credit Facility generally approximates its carrying value as the expected term is significantly shorter in duration.

Employee benefit plan

Employee benefit plan	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Employee benefit plan	Employee benefit plan In accordance with labor law regulations in Mexico, certain employees are legally entitled to receive severance that is commensurate with the tenure they had with us at the time of termination. There were no plan assets as of June 30, 2019 or December 31, 2018 as contributions are made only to the extent benefits are paid. The following table presents the components of net periodic pension cost (benefit) for the three and six months ended June 30, 2019 and 2018 ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Service cost $ 193 $ 176 $ 379 $ 350 Interest cost 123 89 244 176 Effect of foreign exchange rates 200 (320 ) 184 25 Amortization of prior service cost 1 (77 ) 1 (52 ) Amortization of gain (4 ) (4 ) (10 ) (10 ) Compensation-non-retirement post employment benefits 3 14 (73 ) 18 Curtailment gain (74 ) — (171 ) — Net periodic pension cost (benefit) $ 442 $ (122 ) $ 554 $ 507 The service cost component of net periodic pension cost (benefit) is recorded within direct expense in the Condensed Consolidated Statements of Operations . The non-service cost components of net periodic pension cost (benefit) are recorded within other income (expense) for all periods presented.

Other balance sheet items

Other balance sheet items	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other balance sheet items	Other balance sheet items Trade and other receivables, net The following summarizes the balances of trade and other receivables, net as of June 30, 2019 and December 31, 2018 ($ in thousands): As of June 30, As of December 31, 2019 2018 Gross trade and other receivables (1) $ 61,575 $ 65,363 Allowance for doubtful accounts (853 ) (593 ) Total trade and other receivables, net $ 60,722 $ 64,770 ________ (1) Includes $2.0 million in receivables related to property damage insurance claims as of December 31, 2018 . There were no such receivables as of June 30, 2019 . We have not experienced any significant write-offs to our accounts receivable during the three and six months ended June 30, 2019 and 2018 . Prepayments and other assets The following summarizes the balances of prepayments and other assets as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Advances to suppliers $ 6,618 $ 9,447 Prepaid income taxes 8,809 7,538 Prepaid other taxes (1) 11,929 10,240 Right of use assets (2) 6,086 — Contract deposit (3) 2,700 2,700 Other assets 2,682 2,692 Total prepayments and other assets $ 38,824 $ 32,617 ________ (1) Includes recoverable value-added tax and general consumption tax accumulated by our Mexico and Jamaica entities, respectively. (2) Represents right of use assets recognized in connection with our adoption of ASU 2016-02 on January 1, 2019 (see Note 9). (3) Represents a cash deposit related to the Sanctuary Cap Cana management contract. We are in the process of negotiating final terms for the purchase of a 30% interest, and the deposit will be used towards this purchase if we are able to agree on terms. If the purchase is not completed, this amount, together with an additional $0.8 million due, will be treated as key money. Goodwill The gross carrying values and accumulated impairment losses of goodwill by reportable segment (refer to discussion of our reportable segments in Note 19) as of June 30, 2019 and December 31, 2018 are as follows ($ in thousands) : Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Total Gross carrying value as of December 31, 2018 $ 51,731 $ — $ — $ 31,925 $ 83,656 Accumulated impairment losses — — — — — Net carrying value as of December 31, 2018 51,731 — — 31,925 83,656 Adjustments (1) — — — (3,612 ) (3,612 ) Gross carrying value as of June 30, 2019 51,731 — — 28,313 80,044 Accumulated impairment losses — — — — — Net carrying value as of June 30, 2019 $ 51,731 $ — $ — $ 28,313 $ 80,044 ________ (1) Represents adjustments to our goodwill from the business combination with the Sagicor Parties during the measurement period (see Note 4). Other intangible assets Other intangible assets as of June 30, 2019 and December 31, 2018 consisted of the following ( $ in thousands ): As of June 30, As of December 31, 2019 2018 Gross carrying value: Casino licenses (1) $ 858 $ 858 Management contract (2) 1,900 1,900 Enterprise resource planning system (3) 3,417 2,246 Other 3,208 3,027 Total gross carrying value 9,383 8,031 Accumulated amortization: Management contract (2) (95 ) (48 ) Enterprise resource planning system (3) (191 ) (67 ) Other (2,030 ) (1,813 ) Total accumulated amortization (2,316 ) (1,928 ) Net carrying value: Casino licenses (1) 858 858 Management contract (2) 1,805 1,852 Enterprise resource planning system (3) 3,226 2,179 Other 1,178 1,214 Total net carrying value $ 7,067 $ 6,103 ________ (1) Our casino licenses have indefinite lives. Accordingly, there is no associated amortization expense or accumulated amortization. (2) Represents the fair value of a management contract acquired in the business combination with the Sagicor Parties (see Note 4). (3) Represents software development costs incurred to develop and implement SAP as our integrated enterprise resource planning (“ERP”) system, of which $0.7 million were placed into service in February 2019 and are being amortized over a weighted-average amortization period of 7 years . Amortization expense for intangible assets was $0.5 million and $0.6 million for the six months ended June 30, 2019 and 2018 , respectively, and $0.3 million and $0.3 million for the three months ended June 30, 2019 and 2018 , respectively. Trade and other payables The following summarizes the balances of trade and other payables as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Trade payables $ 27,906 $ 24,452 Advance deposits 38,724 57,339 Withholding and other taxes payable 48,902 45,274 Interest payable 426 147 Payroll and related accruals 13,532 14,251 Accrued expenses and other payables 30,172 18,137 Total trade and other payables $ 159,662 $ 159,600 Other liabilities The following summarizes the balances of other liabilities as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Pension obligation $ 5,582 $ 5,123 Cap Cana land purchase obligation 10,625 10,625 Lease liabilities (1) 6,575 — Unfavorable ground lease liability (2) 2,240 2,294 Key money (3) 4,390 1,994 Other 1,224 1,566 Total other liabilities $ 30,636 $ 21,602 ________ (1) Represents lease liabilities recognized in connection with our adoption of ASU 2016-02 on January 1, 2019 (see Note 9). (2) Represents the amortized balance of the unfavorable ground lease intangible acquired in the business combination with the Sagicor Parties (see Note 4). (3) Represents the amortized balance of key money received, which is recorded as a reduction to franchise fees within direct expenses in the Condensed Consolidated Statements of Operations . We received $1.5 million in May 2019 and $1.0 million in March 2019.

Segment information

Segment information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment information	Segment information We consider each one of our owned resorts to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual resorts. Our operating segments meet the aggregation criteria and thus, we present four separate reportable segments by geography: (i) Yucatán Peninsula, (ii) Pacific Coast, (iii) Dominican Republic and (iv) Jamaica. For the three and six months ended June 30, 2019 and 2018 , we have excluded the immaterial amounts of management fees , cost reimbursements and other from our segment reporting. Our operating segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by our Chief Executive Officer, Chief Financial Officer and Chief Operating Officer, all of whom represent our chief operating decision maker (“CODM”). Financial information for each reportable segment is reviewed by the CODM to assess performance and make decisions regarding the allocation of resources. The performance of our business is evaluated primarily on adjusted earnings before interest expense , income tax benefit (provision) , and depreciation and amortization expense (“Adjusted EBITDA”), which should not be considered an alternative to net income or other measures of financial performance or liquidity derived in accordance with U.S. GAAP. The performance of our segments is evaluated on Adjusted EBITDA before corporate expenses and management fee income (“Owned Resort EBITDA”). We define Adjusted EBITDA as net income , determined in accordance with U.S. GAAP, for the period presented, before interest expense , income tax benefit (provision) , and depreciation and amortization expense, further adjusted to exclude the following items: (a) other income (expense) ; (b) pre-opening expenses; (c) share-based compensation; (d) other tax expense; (e) transaction expenses; (f) severance expense; and (g) Jamaica delayed opening accrual reversal. There are limitations to using financial measures such as Adjusted EBITDA and Owned Resort EBITDA. For example, other companies in our industry may define Adjusted EBITDA differently than we do. As a result, it may be difficult to use Adjusted EBITDA or similarly named financial measures that other companies publish to compare the performance of those companies to our performance. Because of these limitations, Adjusted EBITDA should not be considered as a measure of the income or loss generated by our business or discretionary cash available for investment in our business and investors should carefully consider our U.S. GAAP results presented in our Condensed Consolidated Financial Statements . The following table presents segment owned net revenue and a reconciliation to total revenue for the three and six months ended June 30, 2019 and 2018 ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Owned net revenue: Yucatàn Peninsula $ 59,772 $ 63,667 $ 129,985 $ 142,938 Pacific Coast 22,087 19,815 47,657 48,870 Dominican Republic 22,566 31,495 55,641 71,913 Jamaica 50,464 26,730 109,611 50,490 Segment owned net revenue (1) 154,889 141,707 342,894 314,211 Other 14 (9 ) 16 343 Management fees 551 55 1,485 351 Cost reimbursements 2,949 78 3,537 122 Compulsory tips 5,620 3,741 11,887 7,392 Total revenue $ 164,023 $ 145,572 $ 359,819 $ 322,419 ________ (1) Segment owned net revenue represents total revenue less compulsory tips paid to employees, cost reimbursements, management fees and other miscellaneous revenue not derived from segment operations. The following table presents segment Owned Resort EBITDA, Adjusted EBITDA and a reconciliation to net income for the three and six months ended June 30, 2019 and 2018 ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Owned Resort EBITDA: Yucatàn Peninsula $ 21,151 $ 25,726 $ 53,310 $ 65,330 Pacific Coast 8,569 6,550 20,956 20,458 Dominican Republic 5,043 9,586 18,506 28,013 Jamaica 14,631 8,089 38,979 18,733 Segment Owned Resort EBITDA 49,394 49,951 131,751 132,534 Other corporate - unallocated (9,887 ) (8,689 ) (18,393 ) (17,009 ) Management fees 551 55 1,485 351 Total Adjusted EBITDA 40,058 41,317 114,843 115,876 Add: Interest expense (10,666 ) (5,632 ) (24,860 ) (27,514 ) Depreciation and amortization (25,908 ) (15,882 ) (48,219 ) (31,571 ) Other income (expense) 364 378 (238 ) (1,446 ) Pre-opening expenses (202 ) — (291 ) — Share-based compensation (2,014 ) (2,104 ) (4,762 ) (3,890 ) Other tax expense (443 ) (427 ) (802 ) (858 ) Transaction expenses (1,273 ) (3,887 ) (3,240 ) (6,231 ) Severance expense (133 ) — (133 ) — Jamaica delayed opening accrual reversal — — — 342 Non-service cost components of net periodic pension cost (benefit) (1) 249 (298 ) 175 157 Net income before tax 32 13,465 32,473 44,865 Income tax benefit (provision) 1,008 3,356 11,555 (6,227 ) Net income $ 1,040 $ 16,821 $ 44,028 $ 38,638 ________ (1) Represents the non-service cost components of net periodic pension cost (benefit) recorded within other income (expense) in the Condensed Consolidated Statements of Operations . We include these costs (benefits) in calculating Adjusted EBITDA as they are considered part of our ongoing resort operations. The following table presents segment property and equipment, gross and a reconciliation to total property and equipment, net as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Segment property and equipment, gross: Yucatàn Peninsula $ 870,296 $ 861,380 Pacific Coast 285,952 285,936 Dominican Republic 579,358 501,624 Jamaica 502,968 500,550 Total segment property and equipment, gross 2,238,574 2,149,490 Other corporate 14,547 9,189 Accumulated depreciation (395,125 ) (350,267 ) Total property and equipment, net $ 1,857,996 $ 1,808,412 The following table presents segment capital expenditures and a reconciliation to total capital expenditures for the six months ended June 30, 2019 and 2018 ( $ in thousands ): Six Months Ended June 30, 2019 2018 Segment capital expenditures: Yucatàn Peninsula $ 10,055 $ 6,602 Pacific Coast 395 1,401 Dominican Republic 79,515 28,146 Jamaica 2,507 1,919 Total segment capital expenditures (1) 92,472 38,068 Other corporate 5,379 2,280 Total capital expenditures (1) $ 97,851 $ 40,348 ________ (1)

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent events	Subsequent events In preparing the interim Condensed Consolidated Financial Statements , we have evaluated subsequent events through August 6, 2019 , which is the date the Condensed Consolidated Financial Statements were issued. During the period from July 1, 2019 through August 1, 2019 we purchased 360,929 ordinary shares at an average price of $7.51 per share.

Significant accounting polici_2

Significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of preparation, presentation and measurement	Basis of preparation, presentation and measurement Our Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements as of and for the year ended December 31, 2018 , included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2019 (the “Annual Report”). In our opinion, the unaudited interim Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Consolidated Financial Statements and include all adjustments, consisting of only normal recurring adjustments, necessary for fair presentation. Results for all comparative prior periods have been reclassified to conform to the current period presentation. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results of operations to be expected for the full year ended December 31, 2019 . All dollar amounts (other than per share amounts) in the following disclosures are in thousands of United States dollars, unless otherwise indicated.
Derivative financial instruments	Derivative financial instruments We use derivative financial instruments, primarily interest rate swap contracts, to hedge our exposure to interest rate risk. Such derivative financial instruments are initially recorded at fair value on the date on which a derivative contract is entered into and are subsequently remeasured to fair value at period end. As of March 20, 2019 , we elected to adopt hedge accounting and designate our existing interest rate swaps as cash flow hedges. Changes in the fair value of a derivative contract that is qualified, designated and highly effective as a cash flow hedge are recorded in total other comprehensive (loss) income in our Condensed Consolidated Statements of Comprehensive (Loss) Income and reclassified into interest expense in our Condensed Consolidated Statements of Operations in the same period or periods during which the hedged transaction affects earnings. If a derivative contract does not meet this criteria, then the change in fair value is recognized in earnings.
Standards adopted	Standards adopted Standard Description Date of Adoption Effect on the Financial Statements or Other Significant Matters Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) This standard introduces a lessee model that brings most leases on the balance sheet. This will increase a lessee’s reported assets and liabilities—in some cases very significantly. Lessor accounting remains substantially similar to current U.S. GAAP. January 2019 We adopted ASU 2016-02 using the transition method outlined in ASU No. 2018-11, Leases (Topic 842): Targeted Improvements , resulting in no cumulative adjustment to accumulated deficit as our lease portfolio consists solely of operating leases. Refer to Note 9 for further discussion. ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220) This standard provides guidance regarding the treatment of stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act of 2017. Entities can make an election to reclassify these stranded income tax effects from accumulated other comprehensive income to retained earnings. January 2019 We adopted ASU 2018-02 and concluded that the effect on our Condensed Consolidated Financial Statements was immaterial. The tax effects presented in accumulated other comprehensive loss relate to our employee benefit plan and have been historically immaterial.

Significant accounting polici_3

Significant accounting policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of Standards Adopted	Standards adopted Standard Description Date of Adoption Effect on the Financial Statements or Other Significant Matters Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) This standard introduces a lessee model that brings most leases on the balance sheet. This will increase a lessee’s reported assets and liabilities—in some cases very significantly. Lessor accounting remains substantially similar to current U.S. GAAP. January 2019 We adopted ASU 2016-02 using the transition method outlined in ASU No. 2018-11, Leases (Topic 842): Targeted Improvements , resulting in no cumulative adjustment to accumulated deficit as our lease portfolio consists solely of operating leases. Refer to Note 9 for further discussion. ASU No. 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220) This standard provides guidance regarding the treatment of stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act of 2017. Entities can make an election to reclassify these stranded income tax effects from accumulated other comprehensive income to retained earnings. January 2019 We adopted ASU 2018-02 and concluded that the effect on our Condensed Consolidated Financial Statements was immaterial. The tax effects presented in accumulated other comprehensive loss relate to our employee benefit plan and have been historically immaterial.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present our revenues disaggregated by geographic segment (refer to discussion of our reportable segments in Note 19) ( $ in thousands) : Three Months Ended June 30, 2019 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 53,460 $ 19,770 $ 18,226 $ 44,639 $ — $ 136,095 Non-package revenue 8,400 3,155 4,394 8,465 14 24,428 Management fees — — — — 551 551 Cost reimbursements — — — 2,588 361 2,949 Total revenue $ 61,860 $ 22,925 $ 22,620 $ 55,692 $ 926 $ 164,023 Three Months Ended June 30, 2018 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 57,812 $ 17,183 $ 25,661 $ 23,629 $ 1 $ 124,286 Non-package revenue 7,864 3,127 5,835 4,336 (9 ) 21,153 Management fees — — — — 55 55 Cost reimbursements — — — — 78 78 Total revenue $ 65,676 $ 20,310 $ 31,496 $ 27,965 $ 125 $ 145,572 Six Months Ended June 30, 2019 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 117,761 $ 42,493 $ 46,750 $ 98,883 $ — $ 305,887 Non-package revenue 16,239 6,801 8,994 16,859 17 48,910 Management fees — — — — 1,485 1,485 Cost reimbursements — — — 2,588 949 3,537 Total revenue $ 134,000 $ 49,294 $ 55,744 $ 118,330 $ 2,451 $ 359,819 Six Months Ended June 30, 2018 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 130,866 $ 42,209 $ 61,049 $ 44,528 $ 342 $ 278,994 Non-package revenue 16,094 8,169 10,864 7,824 1 42,952 Management fees — — — — 351 351 Cost reimbursements — — — — 122 122 Total revenue $ 146,960 $ 50,378 $ 71,913 $ 52,352 $ 816 $ 322,419

Business combinations (Tables)

Business combinations (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of Consideration Transferred	The following table summarizes the fair value of each class of consideration transferred to the Sagicor Parties on the Acquisition Date ( $ in thousands, except share data ): Cash consideration, net of cash acquired of $0.1 million $ 93,128 Ordinary shares (20,000,000 shares at the Acquisition Date closing price of $10.77 per share, €0.10 par value) 215,400 Total purchase consideration $ 308,528
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table presents our estimates of fair values of the assets that we acquired and the liabilities that we assumed on the Acquisition Date as previously disclosed in our Annual Report and as finalized during the three months ended June 30, 2019 ($ in thousands) : June 1, 2018 (as previously reported) Adjustments June 1, 2018 (as finalized) Total purchase consideration $ 308,528 $ — $ 308,528 Net assets acquired Working capital (1,665 ) — (1,665 ) Property and equipment 304,299 — 304,299 Identifiable intangible assets and liabilities (449 ) — (449 ) Deferred income taxes (25,582 ) 3,612 (21,970 ) Goodwill 31,925 (3,612 ) 28,313 Total net assets acquired $ 308,528 $ — $ 308,528
Schedule of Identified Intangible Assets Acquired and Related Useful Lives	The following table presents our estimates of the fair values of the identified intangible assets and liabilities and their related estimated useful lives ($ in thousands) : Balance Sheet Classification Estimated Fair Value Weighted-Average Amortization Period (in years) Management contract Other intangible assets $ 1,900 20 Unfavorable ground lease liability Other liabilities (2,349 ) 22 Total identifiable intangibles acquired $ (449 )
Schedule of Unaudited Pro Forma Results of Operations	The following unaudited pro forma results of operations were prepared as though the business combination was completed on January 1, 2017 . This unaudited pro forma financial information does not necessarily reflect the results of operations of Playa that actually would have resulted had the acquisition of the Sagicor Assets occurred at the date indicated, nor does it project the results of operations of Playa for any future date or period ($ in thousands, except per share amounts) : Three Months Ended June 30, Six Months Ended June 30, 2018 2018 Pro forma revenue $ 163,270 $ 372,183 Pro forma net income $ 19,911 $ 50,319 Pro forma earnings per share - Basic $ 0.15 $ 0.39 Pro forma earnings per share - Diluted $ 0.15 $ 0.39
Schedule of Sagicor Hotel Properties' Results of Operations	The following table presents the results of the Sagicor Assets' operations, which are recorded within our Jamaica reportable segment, included in our Condensed Consolidated Statement of Operations for the period from the Acquisition Date through June 30, 2018 ($ in thousands) : June 2, 2018 - June 30, 2018 Revenue $ 8,662 Net income $ 2,692

Property and equipment (Tables)

Property and equipment (Tables)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	The balance of property and equipment, net is as follows ($ in thousands ): As of June 30, As of December 31, 2019 2018 Land, buildings and improvements $ 1,789,973 $ 1,787,727 Fixtures and machinery 71,535 69,396 Furniture and other fixed assets 197,119 195,036 Construction in progress 194,494 106,520 Total property and equipment, gross 2,253,121 2,158,679 Accumulated depreciation (395,125 ) (350,267 ) Total property and equipment, net $ 1,857,996 $ 1,808,412

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Transactions between us and related parties during the three and six months ended June 30, 2019 and 2018 were as follows ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, Related Party Transaction 2019 2018 2019 2018 Hyatt Franchise fees (1) $ 4,902 $ 4,594 $ 9,538 $ 9,045 Sagicor Insurance premiums (1) $ 380 $ — $ 1,131 $ — Sagicor Cost reimbursements $ 2,807 $ — $ 2,807 $ — Chief Executive Officer Lease expense (2) $ 206 $ 255 $ 352 $ 472 ________ (1) Included in direct expense in the Condensed Consolidated Statements of Operations with the exception of certain immaterial fees associated with the Hyatt franchise agreements, which are included in selling, general, and administrative expense. (2) Included in selling, general, and administrative expense in the Condensed Consolidated Statements of Operations .

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Minimum Future Rents Payable Under Non-Cancelable Operating Leases - Topic 842	Our minimum future rents payable under non-cancelable operating leases with third parties and related parties as of June 30, 2019 were as follows ($ in thousands) : As of June 30, 2019 Remainder of 2019 $ 481 2020 991 2021 1,036 2022 1,074 2023 786 2024 652 Thereafter 2,928 Total minimum future lease payments 7,948 Less: imputed interest (1,373 ) Total $ 6,575
Future Minimum Rents Payable Under Non-cancelable Operating Leases - Topic 840	Our minimum future rents, at December 31, 2018, payable under non-cancelable operating leases with third parties and related parties were as follows ( $ in thousands ): As of December 31, 2018 2019 $ 1,199 2020 1,031 2021 1,016 2022 1,044 2023 745 Thereafter 3,394 Total $ 8,429
Components of Lease Expense and Supplemental Information	The following table presents the components of lease expense for the three and six months ended June 30, 2019 and supplemental cash flow information for the six months ended June 30, 2019 ($ in thousands) : Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease expense (1)(2) $ 826 $ 1,306 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 307 ________ (1) Includes variable lease and short term lease expenses, which are considered individually immaterial. Our lease expense is reported in direct expense and selling, general and administrative expense in the Condensed Consolidated Statements of Operations depending on the nature of the lease. (2) Lease expense under ASC 840, Leases, related to our non-cancelable operating leases, including variable lease cost, was $0.6 million and $1.1 million for the three and six months ended June 30, 2018 , respectively. The following table presents other relevant information related to our leases for the six months ended June 30, 2019 : Weighted-average remaining lease term 8.34 years Weighted-average discount rate (1) 4.54 % ________ (1) The discount rates applied to each lease reflects our estimated incremental borrowing rate.
Schedule of Rental Income	The following table presents our rental income for the three and six months ended June 30, 2019 ($ in thousands) : Leases Financial Statement Classification Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Operating lease income (1) Non-package revenue $ 1,245 $ 2,716 ________ (1)

Share-based compensation (Table

Share-based compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Summary of Restricted Share Awards	A summary of our restricted share awards from January 1, 2019 to June 30, 2019 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2019 1,718,684 $ 10.19 Granted 783,228 7.08 Vested (390,535 ) 9.52 Forfeited (77,837 ) 9.16 Unvested balance at June 30, 2019 2,033,540 $ 9.16
Summary of Key Inputs Used in Monte-Carlo Simulation	The table below summarizes the key inputs used in the Monte-Carlo simulation ($ in thousands) : Performance Award Grant Date Percentage of Total Award Grant Date Fair Value by Component Volatility (1) Interest Rate (2) Dividend Yield May 26, 2017 Total Shareholder Return 50 % $ 770 27.02 % 1.39 % — % Adjusted EBITDA Comparison 50 % $ 1,350 — % — % — % January 2, 2018 Total Shareholder Return 50 % $ 860 26.13 % 2.00 % — % Adjusted EBITDA Comparison 50 % $ 1,475 — % — % — % January 2, 2019 Total Shareholder Return 50 % $ 537 27.78 % 2.46 % — % Adjusted EBITDA Comparison 50 % $ 900 — % — % — % ________ (1) Expected volatility was determined based on the historical share prices in our industry. (2) The risk-free rate was based on U.S. Treasury zero coupon issues with a remaining term equal to the remaining term of the measurement period.
Summary of Performance Share Awards	A summary of our performance share awards from January 1, 2019 to June 30, 2019 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2019 523,545 $ 8.26 Granted 257,500 5.58 Unvested balance at June 30, 2019 781,045 $ 7.38

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The calculations of basic and diluted earnings or losses per share (“EPS”) are as follows ( $ in thousands, except share data ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator: Net income $ 1,040 $ 16,821 $ 44,028 $ 38,638 Denominator: Denominator for basic EPS - weighted-average shares 130,421,695 116,987,887 130,480,549 113,685,219 Effect of dilutive securities: Unvested restricted share awards 393,482 337,336 308,918 296,544 Denominator for diluted EPS - adjusted weighted-average shares 130,815,177 117,325,223 130,789,467 113,981,763 EPS - Basic $ 0.01 $ 0.14 $ 0.34 $ 0.34 EPS - Diluted $ 0.01 $ 0.14 $ 0.34 $ 0.34

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt Components	Debt consists of the following ($ in thousands) : As of June 30, As of December 31, 2019 2018 Debt obligations Term Loan (1) $ 991,498 $ 996,548 Revolving Credit Facility (2) — — Total debt obligations 991,498 996,548 Unamortized discount and debt issuance costs Discount on Term Loan (2,426 ) (2,681 ) Unamortized debt issuance costs on Term Loan (4,054 ) (4,480 ) Total unamortized discount and debt issuance costs (6,480 ) (7,161 ) Total debt $ 985,018 $ 989,387 ________ (1) Borrowings under the Term Loan bear interest at floating rates equal to one-month London Interbank Offered Rate (“LIBOR”) plus 2.75% (where the applicable LIBOR rate has a 1.0% floor). The interest rate was 5.15% and 5.27% as of June 30, 2019 and December 31, 2018 , respectively. Effective March 29, 2018 , we entered into two interest rate swaps to fix LIBOR at 2.85% on $800.0 million of our Term Loan (see Note 15). (2) The commitment fee on the $100.0 million undrawn balance of our Revolving Credit Facility bore interest of 0.5% as of June 30, 2019 and December 31, 2018 . The commitment fee may range from 0.5% to 0.25% depending on certain leverage ratios. For any drawn balances, the Revolving Credit Facility bears interest at one-month LIBOR plus 3.0% .

Derivative financial instrume_2

Derivative financial instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Effects of Derivative Instruments on Condensed Consolidated Statements of Comprehensive (Loss) Income and Condensed Consolidated Statements of Operations Operations	The following tables present the effect of our interest rate swaps, net of tax, in the Condensed Consolidated Statements of Comprehensive (Loss) Income and Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2019 and 2018 ($ in thousands) : Derivative Liabilities Designated as Hedging Instruments 2019 2018 AOCI from our cash flow hedges as of January 1 $ — $ — Change in fair value 5,834 — Reclassification from AOCI to interest expense (1) 24 — OCI related to our cash flow hedges for the three months ended March 31 5,858 — Change in fair value 14,648 — Reclassification from AOCI to interest expense (1) 136 — OCI related to our cash flow hedges for the three months ended June 30 14,784 — AOCI from our cash flow hedges as of June 30 $ 20,642 $ — ________ (1) As of June 30, 2019 , the total amount expected to be reclassified from AOCI to interest expense during the next twelve months is $4.2 million . Derivative Liabilities Not Designated as Hedging Instruments Financial Statement Classification Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest rate swaps (1) Interest expense $ — $ (5,398 ) $ 2,715 $ 5,627 ________ (1) Includes the change in fair value of our interest rate swaps and the cash interest paid for the monthly settlements of the derivative prior to our hedge designation date of March 20, 2019 .
Schedule of Location and Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheet	The following tables present the effect of our interest rate swaps in the Condensed Consolidated Balance Sheet as of June 30, 2019 and December 31, 2018 ($ in thousands) : Derivative Liabilities Designated as Hedging Instruments Financial Statement Classification As of June 30, As of December 31, 2019 2018 Interest rate swaps Derivative financial instruments $ 34,240 $ — Derivative Liabilities Not Designated as Hedging Instruments Financial Statement Classification As of June 30, As of December 31, 2019 2018 Interest rate swaps Derivative financial instruments $ — $ 12,476

Fair value of financial instr_2

Fair value of financial instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis	The following table presents our fair value hierarchy for our financial liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 ($ in thousands): June 30, 2019 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis: Interest rate swap $ 34,240 $ — $ 34,240 $ — December 31, 2018 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis: Interest rate swap $ 12,476 $ — $ 12,476 $ —
Schedule of Financial Liabilities Not Measured at Fair Value	The following tables present our fair value hierarchy for our financial liabilities not measured at fair value as of June 30, 2019 and December 31, 2018 ($ in thousands) : Carrying Value Fair Value As of June 30, 2019 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value: Debt: Term Loan $ 985,018 $ — $ — $ 949,392 Revolving Credit Facility — — — — Total $ 985,018 $ — $ — $ 949,392 Carrying Value Fair Value As of December 31, 2018 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value: Debt: Term Loan $ 989,387 $ — $ — $ 927,025 Revolving Credit Facility — — — — Total $ 989,387 $ — $ — $ 927,025
Summary of Valuation Techniques	The following table summarizes the valuation techniques used to estimate the fair value of our financial instruments measured at fair value on a recurring basis and our financial instruments not measured at fair value: Valuation Technique Financial instruments recorded at fair value: Interest rate swaps The fair value of the interest rate swaps is estimated based on the expected future cash flows by incorporating the notional amount of the swaps, the contractual period to maturity, and observable market-based inputs, including interest rate curves. The fair value also incorporates credit valuation adjustments to appropriately reflect nonperformance risk. Financial instruments not recorded at fair value: Term Loan The fair value of our Term Loan is estimated using cash flow projections over the remaining contractual period by applying market forward rates and discounting back at the appropriate discount rate. Revolving Credit Facility The valuation technique of our Revolving Credit Facility is consistent with our Term Loan. The fair value of the Revolving Credit Facility generally approximates its carrying value as the expected term is significantly shorter in duration.

Employee benefit plan (Tables)

Employee benefit plan (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost (Benefit)	The following table presents the components of net periodic pension cost (benefit) for the three and six months ended June 30, 2019 and 2018 ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Service cost $ 193 $ 176 $ 379 $ 350 Interest cost 123 89 244 176 Effect of foreign exchange rates 200 (320 ) 184 25 Amortization of prior service cost 1 (77 ) 1 (52 ) Amortization of gain (4 ) (4 ) (10 ) (10 ) Compensation-non-retirement post employment benefits 3 14 (73 ) 18 Curtailment gain (74 ) — (171 ) — Net periodic pension cost (benefit) $ 442 $ (122 ) $ 554 $ 507

Other balance sheet items (Tabl

Other balance sheet items (Tables)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Trade and Other Receivables, Net	The following summarizes the balances of trade and other receivables, net as of June 30, 2019 and December 31, 2018 ($ in thousands): As of June 30, As of December 31, 2019 2018 Gross trade and other receivables (1) $ 61,575 $ 65,363 Allowance for doubtful accounts (853 ) (593 ) Total trade and other receivables, net $ 60,722 $ 64,770 ________ (1) Includes $2.0 million in receivables related to property damage insurance claims as of December 31, 2018 . There were no such receivables as of June 30, 2019 .
Schedule of Prepayments and Other Assets	The following summarizes the balances of prepayments and other assets as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Advances to suppliers $ 6,618 $ 9,447 Prepaid income taxes 8,809 7,538 Prepaid other taxes (1) 11,929 10,240 Right of use assets (2) 6,086 — Contract deposit (3) 2,700 2,700 Other assets 2,682 2,692 Total prepayments and other assets $ 38,824 $ 32,617 ________ (1) Includes recoverable value-added tax and general consumption tax accumulated by our Mexico and Jamaica entities, respectively. (2) Represents right of use assets recognized in connection with our adoption of ASU 2016-02 on January 1, 2019 (see Note 9). (3) Represents a cash deposit related to the Sanctuary Cap Cana management contract. We are in the process of negotiating final terms for the purchase of a 30% interest, and the deposit will be used towards this purchase if we are able to agree on terms. If the purchase is not completed, this amount, together with an additional $0.8 million due, will be treated as key money.
Schedule of Goodwill	The gross carrying values and accumulated impairment losses of goodwill by reportable segment (refer to discussion of our reportable segments in Note 19) as of June 30, 2019 and December 31, 2018 are as follows ($ in thousands) : Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Total Gross carrying value as of December 31, 2018 $ 51,731 $ — $ — $ 31,925 $ 83,656 Accumulated impairment losses — — — — — Net carrying value as of December 31, 2018 51,731 — — 31,925 83,656 Adjustments (1) — — — (3,612 ) (3,612 ) Gross carrying value as of June 30, 2019 51,731 — — 28,313 80,044 Accumulated impairment losses — — — — — Net carrying value as of June 30, 2019 $ 51,731 $ — $ — $ 28,313 $ 80,044 ________ (1) Represents adjustments to our goodwill from the business combination with the Sagicor Parties during the measurement period (see Note 4).
Schedule of Other Intangible Assets, Indefinite-Lived	Other intangible assets as of June 30, 2019 and December 31, 2018 consisted of the following ( $ in thousands ): As of June 30, As of December 31, 2019 2018 Gross carrying value: Casino licenses (1) $ 858 $ 858 Management contract (2) 1,900 1,900 Enterprise resource planning system (3) 3,417 2,246 Other 3,208 3,027 Total gross carrying value 9,383 8,031 Accumulated amortization: Management contract (2) (95 ) (48 ) Enterprise resource planning system (3) (191 ) (67 ) Other (2,030 ) (1,813 ) Total accumulated amortization (2,316 ) (1,928 ) Net carrying value: Casino licenses (1) 858 858 Management contract (2) 1,805 1,852 Enterprise resource planning system (3) 3,226 2,179 Other 1,178 1,214 Total net carrying value $ 7,067 $ 6,103 ________ (1) Our casino licenses have indefinite lives. Accordingly, there is no associated amortization expense or accumulated amortization. (2) Represents the fair value of a management contract acquired in the business combination with the Sagicor Parties (see Note 4). (3) Represents software development costs incurred to develop and implement SAP as our integrated enterprise resource planning (“ERP”) system, of which $0.7 million were placed into service in February 2019 and are being amortized over a weighted-average amortization period of 7 years .
Schedule of Other Intangible Assets, Finite-Lived	Other intangible assets as of June 30, 2019 and December 31, 2018 consisted of the following ( $ in thousands ): As of June 30, As of December 31, 2019 2018 Gross carrying value: Casino licenses (1) $ 858 $ 858 Management contract (2) 1,900 1,900 Enterprise resource planning system (3) 3,417 2,246 Other 3,208 3,027 Total gross carrying value 9,383 8,031 Accumulated amortization: Management contract (2) (95 ) (48 ) Enterprise resource planning system (3) (191 ) (67 ) Other (2,030 ) (1,813 ) Total accumulated amortization (2,316 ) (1,928 ) Net carrying value: Casino licenses (1) 858 858 Management contract (2) 1,805 1,852 Enterprise resource planning system (3) 3,226 2,179 Other 1,178 1,214 Total net carrying value $ 7,067 $ 6,103 ________ (1) Our casino licenses have indefinite lives. Accordingly, there is no associated amortization expense or accumulated amortization. (2) Represents the fair value of a management contract acquired in the business combination with the Sagicor Parties (see Note 4). (3) Represents software development costs incurred to develop and implement SAP as our integrated enterprise resource planning (“ERP”) system, of which $0.7 million were placed into service in February 2019 and are being amortized over a weighted-average amortization period of 7 years .
Schedule of Trade and Other Payables	The following summarizes the balances of trade and other payables as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Trade payables $ 27,906 $ 24,452 Advance deposits 38,724 57,339 Withholding and other taxes payable 48,902 45,274 Interest payable 426 147 Payroll and related accruals 13,532 14,251 Accrued expenses and other payables 30,172 18,137 Total trade and other payables $ 159,662 $ 159,600
Schedule of Other Liabilities	The following summarizes the balances of other liabilities as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Pension obligation $ 5,582 $ 5,123 Cap Cana land purchase obligation 10,625 10,625 Lease liabilities (1) 6,575 — Unfavorable ground lease liability (2) 2,240 2,294 Key money (3) 4,390 1,994 Other 1,224 1,566 Total other liabilities $ 30,636 $ 21,602 ________ (1) Represents lease liabilities recognized in connection with our adoption of ASU 2016-02 on January 1, 2019 (see Note 9). (2) Represents the amortized balance of the unfavorable ground lease intangible acquired in the business combination with the Sagicor Parties (see Note 4). (3) Represents the amortized balance of key money received, which is recorded as a reduction to franchise fees within direct expenses in the Condensed Consolidated Statements of Operations . We received $1.5 million in May 2019 and $1.0 million in March 2019.

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table presents segment owned net revenue and a reconciliation to total revenue for the three and six months ended June 30, 2019 and 2018 ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Owned net revenue: Yucatàn Peninsula $ 59,772 $ 63,667 $ 129,985 $ 142,938 Pacific Coast 22,087 19,815 47,657 48,870 Dominican Republic 22,566 31,495 55,641 71,913 Jamaica 50,464 26,730 109,611 50,490 Segment owned net revenue (1) 154,889 141,707 342,894 314,211 Other 14 (9 ) 16 343 Management fees 551 55 1,485 351 Cost reimbursements 2,949 78 3,537 122 Compulsory tips 5,620 3,741 11,887 7,392 Total revenue $ 164,023 $ 145,572 $ 359,819 $ 322,419 ________ (1) Segment owned net revenue represents total revenue less compulsory tips paid to employees, cost reimbursements, management fees and other miscellaneous revenue not derived from segment operations. The following table presents segment Owned Resort EBITDA, Adjusted EBITDA and a reconciliation to net income for the three and six months ended June 30, 2019 and 2018 ( $ in thousands ): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Owned Resort EBITDA: Yucatàn Peninsula $ 21,151 $ 25,726 $ 53,310 $ 65,330 Pacific Coast 8,569 6,550 20,956 20,458 Dominican Republic 5,043 9,586 18,506 28,013 Jamaica 14,631 8,089 38,979 18,733 Segment Owned Resort EBITDA 49,394 49,951 131,751 132,534 Other corporate - unallocated (9,887 ) (8,689 ) (18,393 ) (17,009 ) Management fees 551 55 1,485 351 Total Adjusted EBITDA 40,058 41,317 114,843 115,876 Add: Interest expense (10,666 ) (5,632 ) (24,860 ) (27,514 ) Depreciation and amortization (25,908 ) (15,882 ) (48,219 ) (31,571 ) Other income (expense) 364 378 (238 ) (1,446 ) Pre-opening expenses (202 ) — (291 ) — Share-based compensation (2,014 ) (2,104 ) (4,762 ) (3,890 ) Other tax expense (443 ) (427 ) (802 ) (858 ) Transaction expenses (1,273 ) (3,887 ) (3,240 ) (6,231 ) Severance expense (133 ) — (133 ) — Jamaica delayed opening accrual reversal — — — 342 Non-service cost components of net periodic pension cost (benefit) (1) 249 (298 ) 175 157 Net income before tax 32 13,465 32,473 44,865 Income tax benefit (provision) 1,008 3,356 11,555 (6,227 ) Net income $ 1,040 $ 16,821 $ 44,028 $ 38,638 ________ (1) Represents the non-service cost components of net periodic pension cost (benefit) recorded within other income (expense) in the Condensed Consolidated Statements of Operations . We include these costs (benefits) in calculating Adjusted EBITDA as they are considered part of our ongoing resort operations. The following table presents segment property and equipment, gross and a reconciliation to total property and equipment, net as of June 30, 2019 and December 31, 2018 ($ in thousands) : As of June 30, As of December 31, 2019 2018 Segment property and equipment, gross: Yucatàn Peninsula $ 870,296 $ 861,380 Pacific Coast 285,952 285,936 Dominican Republic 579,358 501,624 Jamaica 502,968 500,550 Total segment property and equipment, gross 2,238,574 2,149,490 Other corporate 14,547 9,189 Accumulated depreciation (395,125 ) (350,267 ) Total property and equipment, net $ 1,857,996 $ 1,808,412 The following table presents segment capital expenditures and a reconciliation to total capital expenditures for the six months ended June 30, 2019 and 2018 ( $ in thousands ): Six Months Ended June 30, 2019 2018 Segment capital expenditures: Yucatàn Peninsula $ 10,055 $ 6,602 Pacific Coast 395 1,401 Dominican Republic 79,515 28,146 Jamaica 2,507 1,919 Total segment capital expenditures (1) 92,472 38,068 Other corporate 5,379 2,280 Total capital expenditures (1) $ 97,851 $ 40,348 ________ (1) Includes capital expenditures incurred, but not yet paid.

Organization, operations and _2

Organization, operations and basis of presentation - Narrative (Details)	6 Months Ended
	Jun. 30, 2019resort
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of resorts in portfolio	21

Significant accounting polici_4

Significant accounting policies - Standards Adopted (Details)	Jan. 01, 2019USD ($)
Accumulated Deficit | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustments	$ 0

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 164,023	$ 145,572	$ 359,819	$ 322,419
Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	136,095	124,286	305,887	278,994
Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	24,428	21,153	48,910	42,952
Management fees
Disaggregation of Revenue [Line Items]
Total revenue	551	55	1,485	351
Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	2,949	78	3,537	122
Other
Disaggregation of Revenue [Line Items]
Total revenue	926	125	2,451	816
Other | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	1	0	342
Other | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	14	(9)	17	1
Other | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	551	55	1,485	351
Other | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	361	78	949	122
Yucatàn Peninsula
Disaggregation of Revenue [Line Items]
Total revenue	61,860	65,676	134,000	146,960
Yucatàn Peninsula | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	53,460	57,812	117,761	130,866
Yucatàn Peninsula | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	8,400	7,864	16,239	16,094
Yucatàn Peninsula | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Yucatàn Peninsula | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Pacific Coast
Disaggregation of Revenue [Line Items]
Total revenue	22,925	20,310	49,294	50,378
Pacific Coast | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	19,770	17,183	42,493	42,209
Pacific Coast | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	3,155	3,127	6,801	8,169
Pacific Coast | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Pacific Coast | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Dominican Republic
Disaggregation of Revenue [Line Items]
Total revenue	22,620	31,496	55,744	71,913
Dominican Republic | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	18,226	25,661	46,750	61,049
Dominican Republic | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	4,394	5,835	8,994	10,864
Dominican Republic | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Dominican Republic | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Jamaica
Disaggregation of Revenue [Line Items]
Total revenue	55,692	27,965	118,330	52,352
Jamaica | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	44,639	23,629	98,883	44,528
Jamaica | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	8,465	4,336	16,859	7,824
Jamaica | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Jamaica | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,588	$ 0	$ 2,588	$ 0

Business combinations - Narrat

Business combinations - Narrative (Details)	Jun. 01, 2018USD ($)unit	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Term Loan
Business Acquisition [Line Items]
Transaction costs related to issuance of debt			$ 4,054,000	$ 4,480,000
Term Loan | Amendment
Business Acquisition [Line Items]
Face amount		$ 100,000,000
Transaction costs related to issuance of debt		1,300,000
Sagicor
Business Acquisition [Line Items]
Total consideration, after prorations and working capital adjustments	$ 308,528,000
Deferred tax assets, valuation allowance	700,000
Deferred tax assets, net of valuation allowance	200,000
Deferred tax liabilities	$ 22,200,000
Transaction costs related to the acquisition		$ 2,000,000
Sagicor | Jewel Grande Montego Bay, One of the Towers in Multi-Tower Condominium and Spa
Business Acquisition [Line Items]
Number of units acquired | unit	88

Business combinations - Schedul

Business combinations - Schedule of Purchase Consideration, Sagicor Hotel Properties (Details) $ / shares in Units, $ in Thousands	Jun. 01, 2018USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019€ / shares	Dec. 31, 2018€ / shares	Jun. 01, 2018€ / shares
Business Acquisition [Line Items]
Cash consideration, net of cash acquired of $0.1 million		$ 0	$ 93,128
Ordinary shares (20,000,000 shares at the Acquisition Date closing price of $10.77 per share, €0.10 par value)		$ 0	$ 215,400
Ordinary shares, par value (in Euros per share) | € / shares				€ 0.10	€ 0.10
Sagicor
Business Acquisition [Line Items]
Cash consideration, net of cash acquired of $0.1 million	$ 93,128
Cash acquired	100
Ordinary shares (20,000,000 shares at the Acquisition Date closing price of $10.77 per share, €0.10 par value)	215,400
Total purchase consideration	$ 308,528
Sagicor | Ordinary Shares
Business Acquisition [Line Items]
Shares issued as part of purchase consideration (in shares) | shares	20,000,000
Closing share price (in dollars per share) | $ / shares	$ 10.77
Ordinary shares, par value (in Euros per share) | € / shares						€ 0.10

Business combinations - Sched_2

Business combinations - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 01, 2018	Jun. 30, 2019	Dec. 31, 2018
Net assets acquired
Goodwill		$ 80,044	$ 83,656
Sagicor
Business Acquisition [Line Items]
Total purchase consideration	$ 308,528
Net assets acquired
Working capital	(1,665)
Property and equipment	304,299
Identifiable intangible assets and liabilities	(449)
Deferred income taxes	(21,970)
Goodwill	28,313
Total net assets acquired	308,528
As Previously Reported | Sagicor
Business Acquisition [Line Items]
Total purchase consideration	308,528
Net assets acquired
Working capital	(1,665)
Property and equipment	304,299
Identifiable intangible assets and liabilities	(449)
Deferred income taxes	(25,582)
Goodwill	31,925
Total net assets acquired	308,528
Adjustments | Sagicor
Business Acquisition [Line Items]
Total purchase consideration	0
Net assets acquired
Working capital	0
Property and equipment	0
Identifiable intangible assets and liabilities	0
Deferred income taxes	3,612
Goodwill	(3,612)
Total net assets acquired	$ 0

Business combinations - Sched_3

Business combinations - Schedule of Identifiable Intangible Assets Acquired (Details) - Sagicor $ in Thousands	Jun. 01, 2018USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value, unfavorable ground lease liability	$ (2,349)
Weighted-Average Amortization Period, unfavorable ground lease liability	22 years
Total identifiable intangibles acquired	$ (449)
Management contract
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value, intangible assets	$ 1,900
Weighted-Average Amortization Period, intangible assets	20 years

Business combinations - Sched_4

Business combinations - Schedule of Unaudited Pro Forma Results of Operations (Details) - Sagicor - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Business Acquisition [Line Items]
Pro forma revenue	$ 163,270	$ 372,183
Pro forma net income	$ 19,911	$ 50,319
Pro forma earnings per share - Basic (in shares)	$ 0.15	$ 0.39
Pro forma earnings per share - Diluted (in shares)	$ 0.15	$ 0.39

Business combinations - Sched_5

Business combinations - Schedule of Sagicor Hotel Properties' Results of Operations (Details) - Sagicor $ in Thousands	1 Months Ended
	Jun. 30, 2018USD ($)
Business Acquisition [Line Items]
Revenue	$ 8,662
Net income	$ 2,692

Property and equipment - Schedu

Property and equipment - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 2,253,121	$ 2,158,679
Accumulated depreciation	(395,125)	(350,267)
Total property and equipment, net	1,857,996	1,808,412
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	1,789,973	1,787,727
Fixtures and machinery
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	71,535	69,396
Furniture and other fixed assets
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	197,119	195,036
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 194,494	$ 106,520

Property and equipment - Narra

Property and equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 25.6	$ 15.6	$ 47.7	$ 31
Interest expense capitalized on qualifying assets	$ 2.9	$ 1.4	$ 5	$ 2.1

Income taxes - Narrative (Deta

Income taxes - Narrative (Details) - USD ($) $ in Thousands	Aug. 02, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Statutory income tax rate				25.00%
Income tax provision (benefit)		$ (1,008)	$ (3,356)	$ (11,555)	$ 6,227
Increase (decrease) in income tax benefit		(2,400)		17,800
Valuation allowance release from newly implemented transfer pricing policy				14,300
Decrease due to lower pre-tax book income from tax paying entities		4,200		7,000
Increase in discrete tax expense associated with foreign exchange rate fluctuations		$ 6,100		$ 2,500
Subsequent Event | Playa Romana Mar B.V. Dominican Republic
Income Tax Examination [Line Items]
Tax exemption period granted	15 years

Related party transactions - Na

Related party transactions - Narrative (Details) - USD ($) $ in Millions	Jun. 01, 2018	Dec. 31, 2018
Sagicor | Affiliated Entity | Advance deposits and credit card collections paid to Sagicor following acquisition
Related Party Transaction [Line Items]
Amount owed from related party		$ 4.8
Ordinary Shares | Sagicor
Related Party Transaction [Line Items]
Shares issued as part of purchase consideration (in shares)	20,000,000

Related party transactions - Tr

Related party transactions - Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Affiliated Entity | Hyatt | Franchise fees
Related Party Transaction [Line Items]
Total transactions with related parties	$ 4,902	$ 4,594	$ 9,538	$ 9,045
Affiliated Entity | Sagicor | Insurance premiums
Related Party Transaction [Line Items]
Total transactions with related parties	380	0	1,131	0
Affiliated Entity | Sagicor | Cost reimbursements
Related Party Transaction [Line Items]
Total transactions with related parties	2,807	0	2,807	0
Chief Executive Officer | Lease expense
Related Party Transaction [Line Items]
Total transactions with related parties	$ 206	$ 255	$ 352	$ 472

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Right-of-use assets for operating leases	$ 6,086
Lease liabilities for operating leases	$ 6,575
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Right-of-use assets for operating leases		$ 5,000
Lease liabilities for operating leases		$ 5,300

Leases - Minimum Future Rents P

Leases - Minimum Future Rents Payable, Topic 842 (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Remainder of 2019	$ 481
2020	991
2021	1,036
2022	1,074
2023	786
2024	652
Thereafter	2,928
Total minimum future lease payments	7,948
Less: imputed interest	(1,373)
Total	$ 6,575

Leases - Minimum Future Rents_2

Leases - Minimum Future Rents Payable, Topic 840 (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 1,199
2020	1,031
2021	1,016
2022	1,044
2023	745
Thereafter	3,394
Total	$ 8,429

Leases - Components of Lease Ex

Leases - Components of Lease Expense and Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Leases [Abstract]
Lease expense	$ 826		$ 1,306
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$ 307
Lease expense recognized under ASC 840		$ 600		$ 1,100

Leases - Other Relevant Informa

Leases - Other Relevant Information (Details)	Jun. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term	8 years 4 months 2 days
Weighted-average discount rate	4.54%

Leases - Rental Income (Details

Leases - Rental Income (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Lessor, Lease, Description [Line Items]
Operating lease income	$ 1,245	$ 2,716
Minimum
Lessor, Lease, Description [Line Items]
Contractual term	1 year	1 year
Maximum
Lessor, Lease, Description [Line Items]
Contractual term	3 years	3 years

Ordinary shares - Narrative (D

Ordinary shares - Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2019€ / sharesshares	Jun. 30, 2019€ / sharesshares	Dec. 31, 2018€ / sharesshares	Dec. 14, 2018USD ($)
Class of Stock [Line Items]
Amount of ordinary shares authorized for repurchase | $				$ 100,000,000
Ordinary shares purchased under repurchase program (in shares)	304,587	502,766
Ordinary shares, outstanding (in shares)	130,327,895	130,327,895	130,440,126
Ordinary shares, par value (in Euros per share) | € / shares	€ 0.10	€ 0.10	€ 0.10
Restricted Shares and Performance Share Awards
Class of Stock [Line Items]
Shares outstanding (in shares)	2,796,557	2,796,557
Restricted Share Units
Class of Stock [Line Items]
Shares outstanding (in shares)	18,028	18,028

Warrants - Narrative (Details)

Warrants - Narrative (Details) - Earnout Warrants	6 Months Ended
	Jun. 30, 2019day$ / shares€ / sharesshares
Class of Warrant or Right [Line Items]
Warrants issued (in shares)	3,000,000
Price per share underlying the warrants (in dollars per share) | $ / shares	$ 13
Warrants trading days threshold | day	20
Warrants consecutive trading days threshold | day	30
Warrants expiration term	5 years
Warrants outstanding (in shares)	2,987,770
Ordinary Shares
Class of Warrant or Right [Line Items]
Number of shares entitled to each warrant (in shares)	1
Exercise price (in Euros per share) | € / shares	$ 0.10

Share-based compensation - Nar

Share-based compensation - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)criteriashares	Jun. 30, 2018USD ($)	May 16, 2019shares	Mar. 10, 2017shares
Share-based Payment Arrangement [Abstract]
Shares authorized for issuance (in shares) | shares					12,000,000	4,000,000
Shares available for future grants under the 2017 Plan (in shares) | shares	8,070,488		8,070,488
Restricted Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested awards	$ 1.1	$ 1.4	$ 2.9	$ 1.9
Unrecognized compensation cost	13.2	13.2	$ 13.2	$ 13.2
Period over which unrecognized compensation cost is expected to be recognized			2 years 2 months 12 days	3 years 1 month 6 days
Compensation expense	1.7	1.2	$ 4.1	$ 2.8
Restricted Shares | Employees and Executives | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Restricted Shares | Employees and Executives | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Restricted Share Awards, Three-Year Vesting | Employees and Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Restricted Share Awards, Three-Year Vesting | Employees and Executives | Vesting in First Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Restricted Share Awards, Three-Year Vesting | Employees and Executives | Vesting in Second Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Restricted Share Awards, Three-Year Vesting | Employees and Executives | Vesting in Third Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
Restricted Share Units | Employees and Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Restricted Share Awards, Five-Year Vesting | Employees and Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Restricted Share Awards, Five-Year Vesting | Employees and Executives | Vesting in First Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			25.00%
Restricted Share Awards, Five-Year Vesting | Employees and Executives | Vesting in Second Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			25.00%
Restricted Share Awards, Five-Year Vesting | Employees and Executives | Vesting in Third Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			50.00%
Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Unrecognized compensation cost	2.1	3.2	$ 2.1	$ 3.2
Period over which unrecognized compensation cost is expected to be recognized			2 years	2 years 1 month 6 days
Compensation expense	$ 0.2	$ 1	$ 0.6	$ 1.1
Number of performance criteria | criteria			2
Period after target ordinary shares vest that any declared dividends will be paid			30 days
Performance Share Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.00%
Performance Share Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			150.00%

Share-based compensation - Sum

Share-based compensation - Summary of Restricted Stock and Performance Share Awards (Details)	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Restricted Share Awards
Number of Shares
Unvested balance at beginning of period (in shares) | shares	1,718,684
Granted (in shares) | shares	783,228
Vested (in shares) | shares	(390,535)
Forfeited (in shares) | shares	(77,837)
Unvested balance at end of period (in shares) | shares	2,033,540
Weighted-Average Grant Date Fair Value
Unvested balance at beginning of period (in dollars per share) | $ / shares	$ 10.19
Granted (in dollars per share) | $ / shares	7.08
Vested (in dollars per share) | $ / shares	9.52
Forfeited (in dollars per share) | $ / shares	9.16
Unvested balance at end of period (in dollars per share) | $ / shares	$ 9.16
Performance Share Awards
Number of Shares
Unvested balance at beginning of period (in shares) | shares	523,545
Granted (in shares) | shares	257,500
Unvested balance at end of period (in shares) | shares	781,045
Weighted-Average Grant Date Fair Value
Unvested balance at beginning of period (in dollars per share) | $ / shares	$ 8.26
Granted (in dollars per share) | $ / shares	5.58
Unvested balance at end of period (in dollars per share) | $ / shares	$ 7.38

Share-based compensation - Summ

Share-based compensation - Summary of Key Inputs (Details) - USD ($) $ in Thousands	Jan. 02, 2019	Jan. 02, 2018	May 26, 2017
Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Total Award	50.00%	50.00%	50.00%
Grant Date Fair Value by Component	$ 537	$ 860	$ 770
Volatility	27.78%	26.13%	27.02%
Interest Rate	2.46%	2.00%	1.39%
Dividend Yield	0.00%	0.00%	0.00%
Adjusted EBITDA Comparison
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Total Award	50.00%	50.00%	50.00%
Grant Date Fair Value by Component	$ 900	$ 1,475	$ 1,350
Volatility	0.00%	0.00%	0.00%
Interest Rate	0.00%	0.00%	0.00%
Dividend Yield	0.00%	0.00%	0.00%

Earnings per share - Schedule

Earnings per share - Schedule of Calculation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net income	$ 1,040	$ 42,988	$ 16,821	$ 21,817	$ 44,028	$ 38,638
Denominator:
Denominator for basic EPS - weighted-average shares (in shares)	130,421,695		116,987,887		130,480,549	113,685,219
Effect of dilutive securities:
Unvested restricted share awards (in shares)	393,482		337,336		308,918	296,544
Denominator for diluted EPS - adjusted weighted-average shares (in shares)	130,815,177		117,325,223		130,789,467	113,981,763
EPS - Basic (in dollars per share)	$ 0.01		$ 0.14		$ 0.34	$ 0.34
EPS - Diluted (in dollars per share)	$ 0.01		$ 0.14		$ 0.34	$ 0.34
Earnout Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock acquired by outstanding warrants (in shares)	2,987,770		3,000,000		2,987,770	3,000,000
Unvested Performance-Based Equity Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings (losses) per share (in shares)	781,045		538,951		781,045	538,951
Unvested Restricted Share Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings (losses) per share (in shares)	273,811				312,424

Debt - Schedule of Debt Compone

Debt - Schedule of Debt Components (Details)	6 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Mar. 29, 2018USD ($)contract
Debt obligations
Total debt obligations	$ 991,498,000	$ 996,548,000
Unamortized discount and debt issuance costs
Total unamortized discount and debt issuance costs	(6,480,000)	(7,161,000)
Total debt	$ 985,018,000	989,387,000
Interest rate swaps
Unamortized discount and debt issuance costs
Number of interest rate swap contracts | contract			2
Fixed rate	2.85%
Term Loan
Debt obligations
Total debt obligations	$ 991,498,000	996,548,000
Unamortized discount and debt issuance costs
Discount on Term Loan	(2,426,000)	(2,681,000)
Unamortized debt issuance costs on Term Loan	$ (4,054,000)	$ (4,480,000)
Effective interest rate	5.15%	5.27%
Notional amount	$ 800,000,000		$ 800,000,000
Term Loan | LIBOR
Unamortized discount and debt issuance costs
Basis spread on variable rate	2.75%
Floor interest rate	1.00%
Line of Credit | Revolving Credit Facility
Debt obligations
Total debt obligations	$ 0	$ 0
Unamortized discount and debt issuance costs
Undrawn balance	$ 100,000,000
Commitment fee on undrawn balance, interest rate	0.50%	0.50%
Line of Credit | Revolving Credit Facility | LIBOR
Unamortized discount and debt issuance costs
Basis spread on variable rate	3.00%
Minimum | Line of Credit | Revolving Credit Facility
Unamortized discount and debt issuance costs
Commitment fee percentage	0.50%
Maximum | Line of Credit | Revolving Credit Facility
Unamortized discount and debt issuance costs
Commitment fee percentage	0.25%

Debt - Narrative (Details)

Debt - Narrative (Details) - Term Loan - USD ($)	6 Months Ended
	Jun. 30, 2019	Mar. 19, 2019
First Amendment
Debt Instrument [Line Items]
Springing leverage ratio financial maintenance covenant requirement threshold, percent of aggregate revolving credit commitments	35.00%
Third Amendment
Debt Instrument [Line Items]
Maximum amount excluded from calculation of springing leverage ratio		$ 50,000,000

Derivative financial instrume_3

Derivative financial instruments - Narrative (Details)	Jun. 30, 2019USD ($)	Mar. 29, 2018USD ($)contract
Term Loan
Derivative [Line Items]
Notional amount	$ 800,000,000	$ 800,000,000
Interest rate swaps
Derivative [Line Items]
Number of interest rate swap contracts | contract		2
Fixed rate	2.85%
Interest Rate Swap One
Derivative [Line Items]
Notional amount	$ 200,000,000
Interest Rate Swap Two
Derivative [Line Items]
Notional amount	$ 600,000,000

Derivative financial instrume_4

Derivative financial instruments - Effects on Comprehensive Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 878,046	$ 839,841	$ 623,071	$ 599,549	$ 839,841	$ 599,549
Total other comprehensive (loss) income	(14,809)	(6,009)	18	(81)	(20,818)	(63)
Ending balance	863,891	878,046	857,414	623,071	863,891	857,414
Total amount expected to be reclassified from AOCI to interest expense during next twelve months					4,200
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		0			0
Change in fair value	14,648	5,834
Reclassification from AOCI to interest expense	136	24
Total other comprehensive (loss) income	14,784	$ 5,858
Ending balance	$ 20,642				$ 20,642
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				0		0
Change in fair value			0	0
Reclassification from AOCI to interest expense			0	0
Total other comprehensive (loss) income			0	$ 0
Ending balance			$ 0			$ 0

Derivative financial instrume_5

Derivative financial instruments - Effects on Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest rate swaps | Interest expense | Derivative Liabilities Not Designated as Hedging Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Effects on Income Statement	$ 0	$ (5,398)	$ 2,715	$ 5,627

Derivative financial instrume_6

Derivative financial instruments - Location and Fair Value of Derivatives in Balance Sheet (Details) - Interest rate swaps - Derivative financial instruments - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivative Liabilities Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 34,240	$ 0
Derivative Liabilities Not Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 0	$ 12,476

Fair value of financial instr_3

Fair value of financial instruments - Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair value measurements on a recurring basis:
Derivative financial instruments	$ 34,240	$ 12,476
Fair Value Measurements on a Recurring Basis | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	34,240	12,476
Fair Value Measurements on a Recurring Basis | Level 1 | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	0	0
Fair Value Measurements on a Recurring Basis | Level 2 | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	34,240	12,476
Fair Value Measurements on a Recurring Basis | Level 3 | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	$ 0	$ 0

Fair value of financial instr_4

Fair value of financial instruments - Schedule of Financial Liabilities Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Value
Financial liabilities not recorded at fair value:
Debt	$ 985,018	$ 989,387
Carrying Value | Term Loan
Financial liabilities not recorded at fair value:
Debt	985,018	989,387
Carrying Value | Revolving Credit Facility
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 1
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 1 | Term Loan
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 1 | Revolving Credit Facility
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 2
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 2 | Term Loan
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 2 | Revolving Credit Facility
Financial liabilities not recorded at fair value:
Debt	0	0
Fair Value | Level 3
Financial liabilities not recorded at fair value:
Debt	949,392	927,025
Fair Value | Level 3 | Term Loan
Financial liabilities not recorded at fair value:
Debt	949,392	927,025
Fair Value | Level 3 | Revolving Credit Facility
Financial liabilities not recorded at fair value:
Debt	$ 0	$ 0

Employee benefit plan - Narrat

Employee benefit plan - Narrative (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Plan assets	$ 0	$ 0

Employee benefit plan - Schedul

Employee benefit plan - Schedule of Net Periodic Pension Cost (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Retirement Benefits [Abstract]
Service cost	$ 193	$ 176	$ 379	$ 350
Interest cost	123	89	244	176
Effect of foreign exchange rates	200	(320)	184	25
Amortization of prior service cost	1	(77)	1	(52)
Amortization of gain	(4)	(4)	(10)	(10)
Compensation-non-retirement post employment benefits	3	14	(73)	18
Curtailment gain	(74)	0	(171)	0
Net periodic pension cost (benefit)	$ 442	$ (122)	$ 554	$ 507

Other balance sheet items - Sch

Other balance sheet items - Schedule of Trade and Other Receivables, Net (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Gross trade and other receivables	$ 61,575,000	$ 65,363,000
Allowance for doubtful accounts	(853,000)	(593,000)
Total trade and other receivables, net	60,722,000	64,770,000
Property damage insurance receivables	$ 0	$ 2,000,000

Other balance sheet items - S_2

Other balance sheet items - Schedule of Prepayments and Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advances to suppliers	$ 6,618	$ 9,447
Prepaid income taxes	8,809	7,538
Prepaid other taxes	11,929	10,240
Right of use assets	6,086
Contract deposit	2,700	2,700
Other assets	2,682	2,692
Total prepayments and other assets	$ 38,824	$ 32,617
Ownership interest planning to purchase	30.00%
Additional amount due that will be treated as key money if purchase not completed	$ 800

Other balance sheet items - S_3

Other balance sheet items - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill [Roll Forward]
Gross carrying value as of beginning of period	$ 83,656
Accumulated impairment loss as of beginning of period	0
Net carrying value as of beginning of period	83,656
Adjustments	(3,612)
Gross carrying value as of end of period	80,044
Accumulated impairment loss as of end of period	0
Net carrying value as of end of period	80,044
Yucatàn Peninsula
Goodwill [Roll Forward]
Gross carrying value as of beginning of period	51,731
Accumulated impairment loss as of beginning of period	0
Net carrying value as of beginning of period	51,731
Adjustments	0
Gross carrying value as of end of period	51,731
Accumulated impairment loss as of end of period	0
Net carrying value as of end of period	51,731
Pacific Coast
Goodwill [Roll Forward]
Gross carrying value as of beginning of period	0
Accumulated impairment loss as of beginning of period	0
Net carrying value as of beginning of period	0
Adjustments	0
Gross carrying value as of end of period	0
Accumulated impairment loss as of end of period	0
Net carrying value as of end of period	0
Dominican Republic
Goodwill [Roll Forward]
Gross carrying value as of beginning of period	0
Accumulated impairment loss as of beginning of period	0
Net carrying value as of beginning of period	0
Adjustments	0
Gross carrying value as of end of period	0
Accumulated impairment loss as of end of period	0
Net carrying value as of end of period	0
Jamaica
Goodwill [Roll Forward]
Gross carrying value as of beginning of period	31,925
Accumulated impairment loss as of beginning of period	0
Net carrying value as of beginning of period	31,925
Adjustments	(3,612)
Gross carrying value as of end of period	28,313
Accumulated impairment loss as of end of period	0
Net carrying value as of end of period	$ 28,313

Other balance sheet items - S_4

Other balance sheet items - Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Feb. 28, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Total accumulated amortization	$ (2,316)		$ (2,316)			$ (1,928)
Indefinite-lived Intangible Assets [Line Items]
Total gross carrying value	9,383		9,383			8,031
Total net carrying value	7,067		7,067			6,103
Amortization expense for intangible assets	300	$ 300	500	$ 600
Casino Licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	858		858			858
Management contract
Finite-Lived Intangible Assets [Line Items]
Gross carrying value, Finite-lived intangible assets	1,900		1,900			1,900
Total accumulated amortization	(95)		(95)			(48)
Net carrying value, Finite-lived intangible assets	1,805		1,805			1,852
Enterprise resource planning system
Finite-Lived Intangible Assets [Line Items]
Gross carrying value, Finite-lived intangible assets	3,417		3,417		$ 700	2,246
Total accumulated amortization	(191)		(191)			(67)
Net carrying value, Finite-lived intangible assets	3,226		$ 3,226			2,179
Estimated useful life			7 years
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying value, Finite-lived intangible assets	3,208		$ 3,208			3,027
Total accumulated amortization	(2,030)		(2,030)			(1,813)
Net carrying value, Finite-lived intangible assets	$ 1,178		$ 1,178			$ 1,214

Other balance sheet items - S_5

Other balance sheet items - Schedule of Trade and Other Payables (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Trade payables	$ 27,906	$ 24,452
Advance deposits	38,724	57,339
Withholding and other taxes payable	48,902	45,274
Interest payable	426	147
Payroll and related accruals	13,532	14,251
Accrued expenses and other payables	30,172	18,137
Total trade and other payables	$ 159,662	$ 159,600

Other balance sheet items - S_6

Other balance sheet items - Schedule of Other Liabilities (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	May 31, 2019	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Pension obligation			$ 5,582		$ 5,123
Cap Cana land purchase obligation			10,625		10,625
Lease liabilities			6,575
Unfavorable ground lease liability			2,240		2,294
Key money			4,390		1,994
Other			1,224		1,566
Total other liabilities			30,636		$ 21,602
Receipt of key money	$ 1,500	$ 1,000	$ 2,500	$ 0

Segment information - Schedule

Segment information - Schedule of Net Revenue and Reconciliation to Gross Revenue (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			4
Segment Reporting Information [Line Items]
Total revenue	$ 164,023	$ 145,572	$ 359,819	$ 322,419
Management fees
Segment Reporting Information [Line Items]
Total revenue	551	55	1,485	351
Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	2,949	78	3,537	122
Yucatàn Peninsula
Segment Reporting Information [Line Items]
Total revenue	61,860	65,676	134,000	146,960
Yucatàn Peninsula | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Yucatàn Peninsula | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Pacific Coast
Segment Reporting Information [Line Items]
Total revenue	22,925	20,310	49,294	50,378
Pacific Coast | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Pacific Coast | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Dominican Republic
Segment Reporting Information [Line Items]
Total revenue	22,620	31,496	55,744	71,913
Dominican Republic | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Dominican Republic | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Jamaica
Segment Reporting Information [Line Items]
Total revenue	55,692	27,965	118,330	52,352
Jamaica | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Jamaica | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	2,588	0	2,588	0
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	154,889	141,707	342,894	314,211
Operating Segments | Yucatàn Peninsula
Segment Reporting Information [Line Items]
Total revenue	59,772	63,667	129,985	142,938
Operating Segments | Pacific Coast
Segment Reporting Information [Line Items]
Total revenue	22,087	19,815	47,657	48,870
Operating Segments | Dominican Republic
Segment Reporting Information [Line Items]
Total revenue	22,566	31,495	55,641	71,913
Operating Segments | Jamaica
Segment Reporting Information [Line Items]
Total revenue	50,464	26,730	109,611	50,490
Segment Reconciling Items | Other
Segment Reporting Information [Line Items]
Total revenue	14	(9)	16	343
Segment Reconciling Items | Management fees
Segment Reporting Information [Line Items]
Total revenue	551	55	1,485	351
Segment Reconciling Items | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	2,949	78	3,537	122
Segment Reconciling Items | Compulsory tips
Segment Reporting Information [Line Items]
Total revenue	$ 5,620	$ 3,741	$ 11,887	$ 7,392

Segment information - Schedul_2

Segment information - Schedule of Adjusted EBITDA and Reconciliation to Net Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Owned Resort EBITDA:
Total Adjusted EBITDA	$ 40,058		$ 41,317		$ 114,843	$ 115,876
Management fees	164,023		145,572		359,819	322,419
Add:
Interest expense	(10,666)		(5,632)		(24,860)	(27,514)
Depreciation and amortization	(25,908)		(15,882)		(48,219)	(31,571)
Other income (expense)	364		378		(238)	(1,446)
Pre-opening expenses	(202)		0		(291)	0
Net income before tax	32		13,465		32,473	44,865
Income tax benefit (provision)	1,008		3,356		11,555	(6,227)
Net income	1,040	$ 42,988	16,821	$ 21,817	44,028	38,638
Management fees
Owned Resort EBITDA:
Management fees	551		55		1,485	351
Yucatàn Peninsula
Owned Resort EBITDA:
Management fees	61,860		65,676		134,000	146,960
Yucatàn Peninsula | Management fees
Owned Resort EBITDA:
Management fees	0		0		0	0
Pacific Coast
Owned Resort EBITDA:
Management fees	22,925		20,310		49,294	50,378
Pacific Coast | Management fees
Owned Resort EBITDA:
Management fees	0		0		0	0
Dominican Republic
Owned Resort EBITDA:
Management fees	22,620		31,496		55,744	71,913
Dominican Republic | Management fees
Owned Resort EBITDA:
Management fees	0		0		0	0
Jamaica
Owned Resort EBITDA:
Management fees	55,692		27,965		118,330	52,352
Jamaica | Management fees
Owned Resort EBITDA:
Management fees	0		0		0	0
Operating Segments
Owned Resort EBITDA:
Total Adjusted EBITDA	49,394		49,951		131,751	132,534
Management fees	154,889		141,707		342,894	314,211
Operating Segments | Yucatàn Peninsula
Owned Resort EBITDA:
Total Adjusted EBITDA	21,151		25,726		53,310	65,330
Management fees	59,772		63,667		129,985	142,938
Operating Segments | Pacific Coast
Owned Resort EBITDA:
Total Adjusted EBITDA	8,569		6,550		20,956	20,458
Management fees	22,087		19,815		47,657	48,870
Operating Segments | Dominican Republic
Owned Resort EBITDA:
Total Adjusted EBITDA	5,043		9,586		18,506	28,013
Management fees	22,566		31,495		55,641	71,913
Operating Segments | Jamaica
Owned Resort EBITDA:
Total Adjusted EBITDA	14,631		8,089		38,979	18,733
Management fees	50,464		26,730		109,611	50,490
Other corporate - unallocated
Owned Resort EBITDA:
Total Adjusted EBITDA	(9,887)		(8,689)		(18,393)	(17,009)
Segment Reconciling Items
Add:
Interest expense	(10,666)		(5,632)		(24,860)	(27,514)
Depreciation and amortization	(25,908)		(15,882)		(48,219)	(31,571)
Other income (expense)	364		378		(238)	(1,446)
Pre-opening expenses	(202)		0		(291)	0
Share-based compensation	(2,014)		(2,104)		(4,762)	(3,890)
Other tax expense	(443)		(427)		(802)	(858)
Transaction expenses	(1,273)		(3,887)		(3,240)	(6,231)
Severance expense	(133)		0		(133)	0
Jamaica delayed opening accrual reversal	0		0		0	342
Non-service cost components of net periodic pension cost (benefit)	249		(298)		175	157
Segment Reconciling Items | Management fees
Owned Resort EBITDA:
Management fees	$ 551		$ 55		$ 1,485	$ 351

Segment information - Schedul_3

Segment information - Schedule of Segment Property and Equipment and Reconciliation to Property and Equipment, Net (Details) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total property and equipment, gross	$ 2,253,121	$ 2,158,679
Accumulated depreciation	(395,125)	(350,267)
Property and equipment, net	1,857,996	1,808,412
Operating Segments
Segment Reporting Information [Line Items]
Total property and equipment, gross	2,238,574	2,149,490
Operating Segments | Yucatàn Peninsula
Segment Reporting Information [Line Items]
Total property and equipment, gross	870,296	861,380
Operating Segments | Pacific Coast
Segment Reporting Information [Line Items]
Total property and equipment, gross	285,952	285,936
Operating Segments | Dominican Republic
Segment Reporting Information [Line Items]
Total property and equipment, gross	579,358	501,624
Operating Segments | Jamaica
Segment Reporting Information [Line Items]
Total property and equipment, gross	502,968	500,550
Other corporate
Segment Reporting Information [Line Items]
Total property and equipment, gross	$ 14,547	$ 9,189

Segment information - Schedul_4

Segment information - Schedule of Segment Capital Expenditures and Reconciliation to Capital Expenditures (Details) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total capital expenditures	$ 97,851	$ 40,348
Operating Segments
Segment Reporting Information [Line Items]
Total capital expenditures	92,472	38,068
Operating Segments | Yucatàn Peninsula
Segment Reporting Information [Line Items]
Total capital expenditures	10,055	6,602
Operating Segments | Pacific Coast
Segment Reporting Information [Line Items]
Total capital expenditures	395	1,401
Operating Segments | Dominican Republic
Segment Reporting Information [Line Items]
Total capital expenditures	79,515	28,146
Operating Segments | Jamaica
Segment Reporting Information [Line Items]
Total capital expenditures	2,507	1,919
Other corporate
Segment Reporting Information [Line Items]
Total capital expenditures	$ 5,379	$ 2,280

Subsequent events (Details)

Subsequent events (Details) - $ / shares	1 Months Ended	3 Months Ended	6 Months Ended
	Aug. 01, 2019	Jun. 30, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Ordinary shares purchased (in shares)		304,587	502,766
Subsequent Event
Subsequent Event [Line Items]
Ordinary shares purchased (in shares)	360,929
Ordinary shares purchased, average price (in dollars per share)	$ 7.51