US EditionHyatt Announces Agreement to Sell Playa's Owned Real Estate Portfolio ...
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7 Articles
The largest purchase of hotel properties in Caribbean history is signed by the owner of Cancun airport, once Hyatt has sold for $2 billion to Tortuga Resorts – a joint venture from the Denver KSL fund and the Mexican family office Rodina – the 15 hotel properties of Playa. Rodina is led by brothers Andrés and Felipe Chico Hernández, sons of Fernando Chico Pardo, owner of Asur, and who has been generating huge profits with the monopoly of an airp…
Hyatt Announces Agreement to Sell Playa’s Owned Real Estate Portfolio to Tortuga for $2.0 Billion
Hyatt Hotels Corporation (the “Company”) (NYSE: H) announced today that it has entered into a definitive agreement to sell the entirety of Playa’s owned real estate portfolio, acquired from Playa on June 17, 2025, for $2.0 billion to Tortuga Resorts (“Tortuga”), a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. The real…
Hyatt's $2 Billion Property Sale Will Slash Cost of Buying Playa
Skift Take: After selling these 15 resorts, Hyatt will once again look less like a real-estate company and more like a capital-light services business. It will be less likely to get clobbered during a downturn from volatile cash flows tied to depreciating assets.Read the Complete Story On Skift
Hyatt Announces Agreement to Sell Playa's Real Estate Portfolio
CHICAGO, Illinois—Hyatt Hotels Corporation announced that it has entered into a definitive agreement to sell the entirety of Playa’s owned real estate portfolio, acquired from Playa on June 17, 2025, for $2 billion, to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. The real estate transaction is expe…
Hyatt Announces Agreement to Sell Playa's Owned Real Estate Portfolio ...
Hyatt sells Playa portfolio for $2 billion - CEO North America
Today, Hyatt announced that it has entered into a definitive agreement to sell the entirety of Playa’s owned real estate portfolio, acquired from Playa on June 17, 2025, for $2.0 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. As part of the deal, Hyatt can earn up to an additional $143 million if certain operating thresholds are met. The announcement comes shortly after Hyatt spent $2.6 …
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