{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-125229","form_type":"8-K","ticker":"H","cik":"0001468174","company_name":"Hyatt Hotels Corp","filed_at":"2025-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.466117+00:00","generated_at":"2026-05-16T11:58:54.166208+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Hyatt Hotels Corporation completes $2.0 billion sale of Playa real estate portfolio to Tortuga","bullets":["Hyatt closed the sale of Playa's 15-property portfolio to Tortuga for $2.0 billion, with up to $143 million earnout and $200 million preferred equity retained.","Concurrent with the sale, Hyatt entered into 50-year management agreements for 13 of 14 properties, consistent with its all-inclusive model.","Hurricane Melissa in October 2025 reduced full-year 2025 Adjusted EBITDA outlook for Playa by $10 million at mid-point.","Hyatt expects 2025 Adjusted EBITDA excluding Playa at low end of $1,090-$1,110 million range due to Jamaica cancellations.","The sale proceeds will be used to repay the delayed draw term loan from the Playa acquisition, maintaining investment-grade credit."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-125229","json":"https://secwatch.observer/filing/0001104659-25-125229.json","markdown":"https://secwatch.observer/filing/0001104659-25-125229.md","text":"https://secwatch.observer/filing/0001104659-25-125229.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925125229/0001104659-25-125229-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925125229/tm2534420d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-16T11:58:54.166208+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":[{"claim_id":"a6b51088befef5593f7db9761578b5ffa3f782b6","claim":"Hyatt Hotels Corp completed a disposition involving TRQ TORTUGA B.V. for all-cash purchase price of $1,977.5 billion, with a $200 million preferred equity investment provided by Hyatt and up to an additional $143 million earnout (closed 2025-12-30).","evidence_excerpt":"Original Buyer subsequently assigned the Share Purchase Agreement and its rights thereunder to TRQ TORTUGA B.V., a Dutch private limited liability company (“ Buyer ”). On December 30, 2025, the Asset Sale Transaction closed for an all-cash purchase price of $1,977.5 billion. Buyer financed the acquisition with equity financing from an affiliate of KSL Capital Partners, LLC and Rodina, committed debt financing from third party sources, and a $200 million preferred equity investment provided by Hyatt. In addition, Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are achieved.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1468174/000110465925125229/0001104659-25-125229-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"TRQ TORTUGA B.V."},{"label":"Consideration","value":"all-cash purchase price of $1,977.5 billion, with a $200 million preferred equity investment provided by Hyatt and up to an additional $143 million earnout"},{"label":"Closing","value":"2025-12-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}