Hyatt Completes $2.0 Billion Sale of Playa’s Owned Real Estate Portfolio to Tortuga
💰 February 27, 2026, Chicago, Illinois. Hyatt Hotels Corporation sold its real estate portfolio to Tortuga Resorts for approximately $2 billion, with potential additional earnings of $143 million. The portfolio includes properties in Mexico, the Dominican Republic, and Jamaica. Hyatt retains $200 million of preferred equity and enters 50-year management agreements for 13 properties. Hurricane Melissa in October 2025 caused damage in Jamaica, closing seven Hyatt properties until late 2026, with financial aid provided to affected employees.
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