Hyatt Finalizes Monumental $2 Billion Caribbean Resort Portfolio Sale
Hyatt Hotels Corporation has officially sealed the deal on its $2 billion sale of the Playa Hotels & Resorts real estate portfolio to Tortuga Resorts. This marks one of the most significant transactions in the hospitality industry to kick off 2026. The deal was finalized on December 30, 2025.
The transaction encompasses 14 all-inclusive beachfront properties scattered across Mexico, the Dominican Republic, and Jamaica. This follows Hyatt’s acquisition of Playa earlier in 2025. Despite parting with the real estate, Hyatt has secured 50-year management agreements for 13 of the 14 properties. This ensures its operational presence in these prime Caribbean and Latin American destinations.
- Properties in the portfolio include:
- Secrets La Romana and Dreams La Romana in the Dominican Republic
- Dreams Rose Hall in Jamaica
- Hyatt Vivid Playa del Carmen and Sunscape Cancun in Mexico
The sale mirrors Hyatt’s commitment to an asset-light business model. The proceeds will be used to repay acquisition loans. Hyatt may receive up to an additional $143 million if certain performance benchmarks are met. Furthermore, Hyatt has retained $200 million in preferred equity in Tortuga Resorts.
However, seven Hyatt properties in Jamaica remain closed until the fourth quarter of 2026. This is due to damage from Hurricane Melissa in October 2025.
Source: TravelPulse