(IN SHORT) Hyatt Hotels Corp. has agreed to sell the $2 billion real estate portfolio it acquired from Playa Hotels & Resorts to Tortuga Resorts, retaining up to $143 million in earnouts and $200 million in preferred equity. The deal covers 15 all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica. Hyatt will then enter… Read the full news article
(IN SHORT) Hyatt Hotels Corporation has entered into a $2.6 billion agreement to acquire Playa Hotels & Resorts, a leading operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica. This acquisition, which includes approximately $900 million in debt, strengthens Hyatt’s position in the all-inclusive resort market, expanding its Hyatt Ziva and Hyatt Zilara… Read the full news article
Acquisition to expand Hyatt’s unique lifestyle hotel offerings with a quickly growing brand portfolio focused on vibrant dining and nightlife experiences Chicago, IL, 2022-Dec-01 — /Travel PR News/ — Hyatt Hotel Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including… Read the full news article