Hyatt to sell Playa's owned real estate portfolio to Tortuga for $2B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2025
0mins
Should l Buy H?
Hyatt's Real Estate Sale: Hyatt Hotels has agreed to sell its entire real estate portfolio from Playa for $2 billion to Tortuga Resorts, with potential additional earnings of up to $143 million based on performance. The deal includes management agreements for 13 properties and is expected to close by the end of 2025, pending regulatory approval.
Financial Implications: After the sale, Hyatt's net investment in Playa's management business will be approximately $555 million, with projected stabilized Adjusted EBITDA of $60M-$65M by 2027, while proceeds from the sale will be used to repay existing loans to maintain an investment-grade credit profile.
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Analyst Views on H
Wall Street analysts forecast H stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for H is 177.92 USD with a low forecast of 154.00 USD and a high forecast of 203.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 159.740
Low
154.00
Averages
177.92
High
203.00
Current: 159.740
Low
154.00
Averages
177.92
High
203.00
About H
Hyatt Hotels Corporation is a global hospitality company. Its portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties. Its offering includes brands in the Luxury Portfolio, including Park Hyatt, Alila, Miraval, Impression by Secrets, and The Unbound Collection by Hyatt; the Lifestyle Portfolio, including Andaz, Thompson Hotels, The Standard, Dream Hotels, The StandardX, Breathless Resorts & Spas, JdV by Hyatt, Bunkhouse Hotels, and Me and All Hotels; the Inclusive Collection, including Zoetry Wellness & Spa Resorts, Hyatt Ziva, Hyatt Zilara, Secrets Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape Resorts & Spas, Alua Hotels & Resorts, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt, Hyatt Regency, Destination by Hyatt, Hyatt Centric, Hyatt Vacation Club, and Hyatt; and the Essentials Portfolio, including Caption by Hyatt, UrCove, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cost Pressure Intensification: Although Accor has limited U.S. room exposure, its high-end hotels in the Middle East and Africa charge in dollars, leading to pressure on about 35% of its EBITDA exposed to dollar fluctuations, impacting profitability.
- Management Fee Compression: Hyatt's all-inclusive resorts in Mexico earn revenue in dollars but incur costs in pesos, resulting in margin compression; Bernstein estimates a 3% to 4% earnings headwind in 2026 and 2027 due to the dollar's decline.
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- Strong U.S. Market: In the U.S., Hyatt recorded its highest signing volume in five years, with signings up 30%, and half of the deals occurring in new markets, indicating the success of its market expansion strategy.
- Asia Pacific Expansion: Hyatt is scaling its essentials and classics portfolios in Asia Pacific, with over 50% year-on-year growth in its essentials pipeline in Greater China, nearly 90% room-signing growth in India, and 46% in Indonesia, highlighting strong regional demand.
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- Strong U.S. Market Activity: In 2025, Hyatt secured its highest number of signings in five years, with a 30% increase compared to 2024, and 50% of these deals representing new markets, showcasing developers' trust and confidence in Hyatt's brands.
- Expansion in Asia Pacific: Hyatt's Essentials portfolio pipeline in Greater China grew by over 50% compared to 2024, with signings in India and Indonesia increasing by nearly 90% and 46%, respectively, indicating strong demand and growth potential in the Asia Pacific region.
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- Investment and Economic Support: In 2024, Hydro One invested CAD 3.1 billion in its transmission and distribution networks while supporting the local economy through CAD 2.9 billion in goods and services procurement, reflecting the company's commitment to community responsibility and economic development.
- Community Commitment: Hydro One is dedicated to enhancing its connection with the communities it serves through community investment, sustainability, and diversity initiatives, further solidifying its leadership and social responsibility in Ontario.
See More
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- Investor Teleconference: On the same day at 8 a.m. ET, Hydro One's management will host a teleconference to discuss the financial results and outlook, which is expected to attract significant attention from the North American financial community, enhancing the company's transparency.
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