Hyatt agreed to sell Playa’s real estate portfolio to Tortuga Resorts for $2 billion, Reuters reported. The portfolio includes 15 resort assets in Mexico, Jamaica and the Dominican Republic.

Hyatt Hotels Corp. struck a deal to purchase Playa Hotels & Resorts NV for about $2.6 billion, expanding its reach into the all-inclusive resort market in countries including Mexico and Jamaica.

Hyatt Hotels Corporation, not a month after finalizing its purchase of resort company Playa Hotels & Resorts, has entered into an agreement to sell all of the brand’s own real estate to Tortuga ...

Hyatt Hotels Corp. has agreed to sell the entire real estate portfolio it acquired from Playa Hotels & Resorts for $2 billion to Tortuga Resorts, a joint venture between investment firms KSL ...

Hyatt Hotels has entered into an agreement to sell Playa Hotels' real estate portfolio to Tortuga Resorts for $2 billion, part of its strategy to enhance its asset-light business model. This sale ...

Just weeks after acquiring Playa Hotels & Resorts, Hyatt has agreed to offload the real estate portfolio for $2 billion.