Hyatt announces agreement to sell playa's owned real estate portfolio to tortuga for $2.0 billion

Chicago--(business wire)---- $h--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 estate transaction is e.
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