Hogan Lovells is representing Playa Hotels & Resorts in a definitive business combination with Pace Holdings (Pace) (NASDAQ:PACE), a special-purpose acquisition company (or SPAC) sponsored by an affiliate of TPG. The publicly traded company will have an initial estimated enterprise value of approximately US$1.75 billion.

Playa owns and operates 13 all-inclusive resorts located on prime beachfront properties in leading destinations in the Dominican Republic, Jamaica, and Mexico.

Corporate partners Eve Howard, Mike McTiernan, and Bruce Gilchrist led the Hogan Lovells team, which included Paul Manca, Tifarah Allen, Tracy Branding, Weston Gaines, Jaebin Lee, Cat Schmierer, and Katherine Tyson. Gordon Wilson advised on banking. Nancy O'Neil, Scott Lilienthal, and Charlie Stones advised on tax. Martha Steinman and Michael Applebaum advised on executive compensation. Logan Breed and Robert Baldwin advised on antitrust matters. Jon Talotta advised on litigation. T. Clark Weymouth and Roy Liu advised on international trade and investment.

Hogan Lovells also advised Playa in its acquisition of the initial portfolio in 2006 and Playa's corporate reorganization and financing transaction in 2013.