Business
Hyatt Completes $2.0 Billion Sale of Playa’s Owned Real Estate Portfolio to Tortuga
CHICAGO, December 30, 2025--Hyatt Hotels Corporation (the "Company") (NYSE: H) today announced the closing of the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. ("Playa") to Tortuga Resorts ("Tortuga"), a premier real estate and asset management platform focused on luxury beachfront hospitality across Mexico and the Caribbean, for approximately $2 billion. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met an
About this update from Hyatt Hotels Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":226,"url":"https://media.zenfs.com/en/business-wire.com/e5c8aa94c0c1a7e64e38ad1c307ab281"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ifGM5ZmXTAaN2Webucqmjw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ1MjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e5c8aa94c0c1a7e64e38ad1c307ab281","width":480,"height":226}},"lazy":false},{"type":"text","content":"Sale of Real Estate Achieves a Fully Asset-Light Transaction of Playa","length":69,"tagName":"p","attribs":{}},{"type":"text","content":"CHICAGO, December 30, 2025--(BUSINESS WIRE)--Hyatt Hotels Corporation (the "Company") (NYSE: H) today announced the closing of the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. ("Playa") to Tortuga Resorts ("Tortuga"), a premier real estate and asset management platform focused on luxury beachfront hospitality across Mexico and the Caribbean, for approximately $2 billion. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met and has retained $200 million of preferred equity in Tortuga in connection with the transaction.","length":645,"tagName":"p"},{"type":"text","content":"The real estate portfolio originally involved 15 all-inclusive properties located across Mexico, the Dominican Republic and Jamaica. As previously disclosed, Hyatt sold one of these properties to a separate third-party buyer on September 18, 2025, for $22 million. Between the completion of this earlier sale and the Tortuga transaction, Hyatt has sold the entire Playa real estate portfolio for a total of $2 billion. Concurrent with the real estate sale, Hyatt and Tortuga have entered into 50-year management agreements for 13 of the 14 properties in the portfolio, with terms consistent with Hyatt’s existing all-inclusive management agreements. The remaining property is subject to a separate contractual arrangement.","length":722,"tagName":"p"},{"type":"text","content":""This closing is the culmination of a transformative transaction for Hyatt’s Inclusive Collection," said Javier Águila, President, Inclusive Collection, Hyatt. "With this transaction, we’ve secured long-term management agreements for...