Hyatt finalises $2bn Playa portfolio transaction with Tortuga Resorts

Hyatt Hotels has completed the merchantability of its Playa Hotels & Resorts (Playa) existent property portfolio to Tortuga Resorts (Tortuga) for astir $2bn.

The merchantability involves 15 all-inclusive properties situated crossed the Dominican Republic Jamaica, and Mexico.

Hyatt, which holds $200m successful preferred equity successful Tortuga, could person an further $143m if definite operational milestones are achieved.

Hyatt had antecedently sold 1 spot to a third-party purchaser for $22m connected 18 September 2025. With the closing of the existent Tortuga transaction, Hyatt has sold the full Playa existent property portfolio.

Hyatt and Tortuga person signed 50-year absorption agreements for 13 of the 14 properties, with presumption aligned to Hyatt’s existing all-inclusive absorption agreements. The last spot has a abstracted contractual arrangement.

Funds generated from the merchantability volition beryllium applied towards repaying the delayed gully word indebtedness that was utilised for the Playa acquisition.

Hyatt anticipates that its pro forma nett leverage volition proceed to align with the levels indispensable to uphold its investment-grade recognition profile.

For the transaction, BDT & MSD Partners was Hyatt’s pb fiscal advisor, portion Berkadia provided existent property advisory services and Latham & Watkins served arsenic ineligible counsel.

For Tortuga, Goldman Sachs & Co was the exclusive fiscal advisor and Simpson Thacher & Bartlett offered ineligible counsel.

Seven Hyatt properties successful Jamaica volition enactment closed until precocious 2026 pursuing harm from Hurricane Melissa successful October 2025.

All guests and unit were evacuated safely, and fiscal assistance was offered done the Hyatt Care Fund arsenic good arsenic further institution support, noted the company.

Hyatt Inclusive Collection president Javier Águila said: “This closing is the culmination of a transformative transaction for Hyatt’s Inclusive Collection. With this transaction, we’ve secured semipermanent absorption agreements for a portfolio of exceptional resorts that bespeak our committedness to excellence.

“We are profoundly grateful to the teams who made this transaction possible. Throughout this process, we’ve seen beardown taste alignment grounded successful attraction betwixt Playa and Hyatt which has been cardinal to achieving this milestone and volition assistance america present adjacent much memorable all-inclusive experiences for guests.”

Recently, Hyatt opened the Hyatt Regency Nha Trang, its archetypal branded edifice connected Vietnam’s south-central coast.

"Hyatt finalises $2bn Playa portfolio transaction with Tortuga Resorts" was primitively created and published by Hotel Management Network, a GlobalData owned brand.