Hyatt to Sell Playa’s Real Estate Portfolio
Photo Credit: Jewel Punta Cana Playa, an all-inclusive resort in the Dominican Republic. Playa Hotels & Resorts
Skift Take
Hyatt sells $2B Playa resort portfolio to Tortuga, partly backed by private equity firm KSL. Plus: Goldman exits $100m Greek project.
The DJIA rose 276 points while the Nasdaq was up 96, the S&P 500 rose 32 points and the 10-year treasury yield was down .05 to 4.23% but lodging stocks were mostly lower. SOND continued its surge, up another 19% but SOHO is now down below $1 again, down -5%.
Hyatt Hotels Corporation 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, a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. Hyatt can achieve up to an additional $143 million earn-out if certain operating thresholds are met. The real estate transaction is expected to close before the end of 2025 and is subject to regulatory approval in Mexico and other customary closing conditions. The real estate portfolio includes 15 all-inclusive resort assets located across Mexico, the Dominican Republic, and Jamaica. Concurrent with the real e
