Hyatt Sells Playa Real Estate Portfolio to Tortuga for $2 Billion

Reuters2025-12-31

Hyatt Sells Playa Real Estate Portfolio to Tortuga for $2 Billion

Hyatt Hotels Corporation has completed the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts to Tortuga Resorts for approximately $2 billion. Hyatt may receive up to an additional $143 million if certain performance targets are met and has retained $200 million of preferred equity in Tortuga as part of the transaction. The proceeds will be used to repay a loan related to the Playa acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyatt Hotels Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251230987224) on December 30, 2025, and is solely responsible for the information contained therein.

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