Tortuga Resorts completed the acquisition of the real estate portfolio of Playa from Hyatt for $2bn.

Tortuga Resorts, a joint venture between KSL Capital Partners and Rodina, completed the acquisition of the real estate portfolio of Playa Hotels & Resorts, an all-inclusive oceanfront resorts owner, from Hyatt, an American multinational hospitality company, for $2bn. “The completion of this transaction marks a defining moment, establishing Tortuga as a scaled, leading platform in luxury beachfront hospitality across Mexico and the Caribbean. We are excited to deepen our partnership with Hyatt and to work closely with our brand partners, property teams and investors to unlock new opportunities for growth. Together, we will leverage our reach and capabilities to create unforgettable experiences for the guests and communities we serve and deliver long-term value for all stakeholders,” Leo Schlesinger, Tortuga CEO.