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aid press release – inquiries should be directed to the distributor.

    Hyatt Hotels Corp. (NYSE: H) announced on December 30, 2025 that it has closed the sale of its Playa Hotels & Resorts N.V. real‑estate portfolio to Tortuga Resorts, a leading luxury beachfront asset‑management firm in Mexico and the Caribbean. The transaction, valued at roughly $2 billion, includes a potential earn‑out of up to $143 million if Hyatt meets specified operating targets. Hyatt also retained $200 million of preferred equity in Tortuga as part of the deal.

    The portfolio comprised 15 all‑inclusive resorts spread across Mexico, the Dominican Republic and Jamaica. One property was previously sold to a third party on September 18, 2025 for $22 million. Following that sale, Hyatt completed the full portfolio transaction for $2 billion.

    Simultaneously, Hyatt and Tortuga signed 50‑year management agreements for 13 of the 14 resorts, mirroring Hyatt’s existing all‑inclusive contracts. The remaining resort is governed by a separate arrangement.

    Javier Águila, President of Hyatt’s Inclusive Collection, said the deal “finalizes a transformative transaction for our Inclusive Collection, securing long‑term management of exceptional resorts that reflect our commitment to excellence.” He added that the cultural alignment between Playa and Hyatt was key to the milestone.

    Leo Schlesinger, CEO of Tortuga, noted the deal “positions Tortuga as a leading platform in luxury beachfront hospitality across Mexico and the Caribbean.” He expressed enthusiasm for deepening the partnership with Hyatt, leveraging shared resources to create memorable experiences for guests and communities while delivering long‑term value to stakeholders.