A resort real estate investment partnership between KSL Capital Partners and Rodina is acquiring a $2bn (鈧�1.7bn) property portfolio from Hyatt Hotels.
Hyatt Hotels said it has agreed to sell the real estate portfolio 鈥� acquired as part of its acquisition of Playa Hotels & Resorts 鈥� to the Tortuga Resorts partnership.
This disposal comes shortly after Hyatt Hotels completed its acquisition of all outstanding shares of Playa on 17 June 2025, an .
Hyatt Hotels said it expects to achieve up to an additional $143m from the deal based on certain targets being met.
The real estate portfolio includes 15 all-inclusive resort assets located across Mexico, the Dominican Republic and Jamaica.
As part of the deal Hyatt Hotels and Tortuga agreed to a 50-year management agreement for 13 of these properties. The remaining two properties operate under separate contractual arrangements.
Hyatt Hotels said it will retain $200m of preferred equity in connection with the transaction.
Mark Hoplamazian, president and CEO, Hyatt Hotels, said: 鈥淭he planned real estate sale to Tortuga transforms the acquisition of Playa into a fully asset-light transaction and increases Hyatt鈥檚 fee-based earnings.
鈥淗yatt Hotels has secured long-term, durable management agreements and the planned real estate sale demonstrates Hyatt鈥檚 commitment to its asset-light business model and ability to deliver value to shareholders that is accretive in the first full year.鈥�
Hyatt Hotels said it expects to use the proceeds to repay the delayed draw term loan used to fund a portion of the Playa Hotels acquisition.
To read the latest 麻豆映画 Real Assets magazine click here.
