CHICAGO, Illinois—Hyatt Hotels Corporation announced the closing of the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. to Tortuga Resorts for approximately $2 billion. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met, and the company has retained $200 million of preferred equity in Tortuga in connection with the transaction. The real estate portfolio originally involved 15 all-inclusive properties located across Mexico, […]

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