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.
Hyatt Hotels Corporation has debuted an integrated hospitality destination in Shanghai's Lingang district with the grand opening of three new hotels. The complex includes the Hyatt Regency Shanghai Lingang, Hyatt Place Shanghai Lingang Xinchen International Conference Center, and Hyatt Place Shanghai Lingang. The properties share an "artistic exploration" design theme, referencing the region's maritime heritage. The offering is tailored to business travellers, leisure guests, and those requiring extended stays.
Hyatt Hotels Corporation and Homeinns Hotel Group have signed a master franchise agreement to launch 50 Hyatt Studios hotels across China’s emerging cities. The collaboration expands Hyatt’s upper-midscale footprint and reinforces its long-term growth strategy in one of its key global markets.
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