Hyatt Completes $2.0 Billion Sale of Playa's Owned Real Estate Portfolio to Tortuga

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (the "Company†) (NYSE: H) today announced the closing of the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. ("Playa†) to Tortuga Resorts ("Tortuga†), a premier real estate and asset management platform focused on luxury beachfront hospitality across Mexico and the Caribbean, for approximately $2 billion. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. ...