{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-063796","form_type":"8-K","ticker":"H","cik":"0001468174","company_name":"Hyatt Hotels Corp","filed_at":"2025-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.385964+00:00","generated_at":"2026-05-18T12:38:53.223015+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Hyatt agrees to sell Playa's owned real estate portfolio to Tortuga for $2.0B","bullets":["Sale of 15 all-inclusive resorts for $2.0B cash; up to $143M earnout if operating thresholds met.","Concurrent 50-year management agreements for 13 properties under Hyatt's existing fee structure.","Net purchase price for asset-light management business ~$555M; expects $60-65M stabilized 2027 Adj. EBITDA.","Proceeds to repay Delayed Draw Term Loan; net leverage to remain investment-grade.","Transaction expected to close before end of 2025, subject to Mexico regulatory approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-063796","json":"https://secwatch.observer/filing/0001104659-25-063796.json","markdown":"https://secwatch.observer/filing/0001104659-25-063796.md","text":"https://secwatch.observer/filing/0001104659-25-063796.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925063796/0001104659-25-063796-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925063796/tm2519402d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T12:38:53.223015+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}