Hyatt Hotels Corporation has finalised the $2 billion sale of its Playa real estate portfolio to Tortuga Resorts. The deal includes 14 all-inclusive properties across Mexico and the Caribbean. This move allows Hyatt to transition to a fully asset-light model for these locations while retaining long-term management rights. The transaction includes potential earnouts and a preferred equity stake for Hyatt. Proceeds will be used to reduce debt following the original acquisition of the assets.
Hyatt Hotels Corporation has expanded its presence in Vietnam with the opening of Hyatt Regency Nha Trang. The new beachfront hotel features 434 guestrooms and suites designed to reflect the local maritime culture and fishing traditions. Situated on the prominent Tran Phu Street, the property offers easy access to the city’s historic district and transport links.
AC Hotels by Marriott has officially launched its first Philippine property in the heart of Manila's Ortigas Center. Located in the sustainable GLAS Tower, the 160-room hotel merges European design with Filipino culture. It features a range of amenities including a rooftop bar on the 61st floor, extensive meeting facilities and panoramic city views. The opening marks a significant expansion for Marriott Bonvoy in Southeast Asia.
IHG Hotels & Resorts has introduced its Vignette Collection to Africa by welcoming the Fairview Hotel Nairobi into the brand's global portfolio. The 99-room heritage hotel, known for its lush gardens and early 20th-century architecture, is the first on the continent to join this luxury collection. The partnership allows the boutique property to retain its Kenyan character while utilizing IHG’s global scale and rewards programme.
Marriott International is set to launch its EDITION brand in Africa following a deal with V&A Waterfront Holdings in Cape Town. The development, which includes a 142-room hotel and six exclusive private residences, is slated for completion in 2026. Designed by Neri & Hu and StudioMAS, the project will be located at the edge of the Granger Bay development.
Hilton has secured three new hotel signings for its DoubleTree brand in Morocco, Togo and the Republic of Congo. The move includes a historic debut in Togo with an upscale airport property in Lomé. These developments are part of a broader plan to triple Hilton's presence in Africa, where the company already has over 100 hotels in the pipeline. Key features of the new sites include West Africa’s largest conference centre in Brazzaville and a luxury resort in Marrakech.
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