Hyatt Is Selling Playa’s Real Estate for $2 Billion 

Hyatt Hotels Corporation has entered into a definitive agreement to sell its recently acquired Playa Hotels & Resorts real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between KSL Capital Partners and Rodina.

The deal, announced this week, covers 15 all-inclusive resort assets spread across key Caribbean tourism markets—Mexico, the Dominican Republic, and Jamaica. Hyatt acquired the real estate on June 17, 2025, as part of its broader strategy to expand its presence in the high-growth all-inclusive segment. Now, the company is swiftly pivoting the Playa acquisition into a fully asset-light transaction.