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

Core Viewpoint - Hyatt Hotels Corporation has successfully closed the sale of its real estate portfolio acquired from Playa Hotels & Resorts to Tortuga Resorts for approximately $2 billion, with potential additional earnings of up to $143 million based on operating performance [1] Group 1: Transaction Details - The sale involves a real estate portfolio previously acquired from Playa Hotels & Resorts N.V. [1] - The transaction value is approximately $2 billion [1] - Hyatt can earn an additional $143 million if certain operating thresholds are met [1] Group 2: Buyer Information - Tortuga Resorts is described as a premier real estate and asset management platform [1] - The focus of Tortuga Resorts is on luxury beachfront hospitality across Mexico and the Caribbean [1]