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Back to the Beach: Hyatt sells Playa Portfolio to Tortuga Resorts for $2B

Summary by Law Street Media
Hyatt Hotels announced plans to sell its Playas real estate portfolio, just acquired from Playa as recently as June 17, 2025, for $2 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. Hyatt stands to earn an additional $143 million if specified operating thresholds are achieved. The deal is expected to close by the end of 2025 and is subject to regulatory approval in Mexico.  “The real estate
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Law Street Media broke the news in on Thursday, July 17, 2025.
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