Latest news with #Tortuga
The Verge
11-07-2025
- The Verge
The Verge's favorite travel gear for 2025
It's summer travel season once again, and The Verge staffers are preparing to roam, whether it's to follow a story, check out a new tech device, or enjoy some down time away from home. Most people who travel have gear — tech or otherwise — that makes the process easier or more enjoyable. We asked our staff for some examples of their favorite travel tools, from bags and power banks to water bottles and portable bidets. I first used a Tortuga travel backpack for a trip to Japan years ago. It was a super convenient bag for toting stuff around the country and keeping my hands free for holding a phone, map, or snack. I recently broke it out again for a business trip, and I was happily reminded just how dang great it is while traveling. The bag just fit under an airplane seat, meaning I could easily access my food, Steam Deck, and laptop during the flight. When the flight was over, I didn't have to wait to fish a bag out of an overhead bin — I just picked the Tortuga up and walked off the airplane. I'm not sure when I'll be on a plane next. But whenever that is, I'll probably be bringing along my Tortuga bag. — Jay Peters, news editor Side by Side's pouch lets you stow cords, chargers, and all the gadgets you need to keep your tech going while traveling. This Kickstarter-born travel case is the best cord organizer I've found, and I've tried many. Recommended to me by former Verger Dan Siefert, this gadget bag holds every tech-related accessory I need for a two-day or two-week trip. I can fit multiple cables, dongles, earbud cases, pens, and more in its main pouch, which also features several smaller pouches for things like SIM card tools and SD cards. A large zipper pocket on the outside accommodates bulky devices, such as power banks and bricks. I've managed to cram three charging bricks and two small power banks into that outer pocket, which still hasn't pushed its super stretchy material to its surprisingly large limits. The zippers are impressively sturdy, too, and its vertical form factor makes it easy to pop in my bag. I've had it for two years, and it still looks like new. I literally never leave home without it. – Jennifer Pattison Tuohy, reviewer For years, I've been procrastinating getting a proper phone holder for my car so I can easily glance at GPS directions, instead of having to look down at my Galaxy Note 20 Ultra. (I kept it tucked inside my cupholder, which barely fits, by the way.) But a couple weeks ago, I got fed up with having an Android Auto-less car enough to finally purchase a wireless phone charger and holder from Amazon. Sure, it's not a name-brand device, but I was able to easily mount it on my dashboard with the suction cup, and it's stayed in place since. It also has a neat auto-clamping feature that ensures your phone stays snug inside the holder, and it provides a way better charge than the measly USB cable I had plugged into my car before. — Emma Roth, news writerCall me old-fashioned and maybe a bit paranoid, but I've never been comfortable with the idea of logging into my streaming services on a hotel TV, despite assurances that the credentials are automatically cleared between guests. As I'm always traveling with at least my smartphone and usually a tablet, I always make sure to pack a USB-C to HDMI adapter (and a short HDMI cable) so I can connect either device to a TV and enjoy Netflix or Prime Video on a larger screen. But I specifically recommend an adapter, like this Anker model, that lets you connect a power source so you can also charge your phone or tablet while it's connected to a TV. You don't want to get halfway through a movie only to find your phone has suddenly died. — Andrew Liszewski, senior reporter I travel abroad a lot, so a reliable charging brick that I can use both at home and while traveling in Europe and the UK (which are all different plugs) is an essential item for me. Minix's compact 66W 3-Port GaN wall charger is my favorite one — it's small but mighty. It features two USB-C fast-charging ports and one USB-A port, so I can charge my laptop, phone, and other devices simultaneously in my hotel room (I'm still waiting for hotels to figure out that USB-C is a thing now). But the best part is that it comes with a European and UK wall plug adaptor that I can easily snap on depending on which country I'm in. — Jennifer Pattison Tuohy, reviewer I've lost count of the number of times a good night's sleep in a hotel room or Airbnb has been thwarted by an uncomfortably bright status LED on a TV or random appliance. But not everything can be unplugged or turned off (like a smoke detector). My solution is to travel with either a couple sheets of LED dimming stickers precut into various sizes or a roll of light-dimming tape. Instead of blocking an LED's glow entirely, they reduce its intensity by 50 to 80 percent, which I find is usually more than enough to prevent it from being a nuisance overnight. You just need to remember to peel them off before you leave. — Andrew Liszewski, senior reporter A water bottle is usually one of the first things I pack ahead of a trip. But while I have several different bottles I regularly use at home, I only travel with Brita's filtering bottles. As much as I prefer water over any other drink, I don't like spending money on bottled water, and I often can't stand the taste of the water in other cities. I'm sure I'd get used to the taste over time, but for a week's stay, I find Brita's bottles, which use a carbon filter inside, are an effective way to eliminate tastes and odors of water that I'm not used to. —Andrew Liszewski, senior reporter I'm a transgender person who lives in the Midwest. I travel a LOT to play roller derby. Using public bathrooms has always felt a little fraught for me — even more so in the current political climate. Refuge Restrooms helps me feel a little safer while I'm traveling to do my favorite thing in the world. The site hasn't been updated in a while, and I'm not sure how active the maintenance is, but I've used spots listed on the website and had good experiences. — Ursa Wright, editor, Decoder The item that I simply must not forget if I'm leaving home for any sort of multiday visit or vacation is my Tushy portable bidet. There's a lot that you can't control during your travels, and that includes the kind of toilet paper you'll have access to (if any). I don't need to get specific; using this convenient bidet-in-a-bottle lets me freshen up. The collapsible bottle is easy to clean, it doesn't leak, and it's easy to store in its included (and discreet) carrying bag for whenever I might need it next. — Cameron Faulkner, commerce editor It's hard to be happy if your feet aren't happy. I recently came back from a week in Scotland, where it can rain at any time, and I spent the entire week in either Balega blister resist socks or Darn Tough wool ones. The Balegas are my running socks, and true to their name, I've logged hundreds of miles in them with nary a blister. (Did I run during my vacation? No, but I walked a lot.) Wool socks breathe well, don't stink, and insulate even when wet — essential for rainy conditions or sweaty feet, both of which were in play. Crucially for me, both brands offer extra-large sizes. You'd be amazed how many brands stop at size 12. — Nathan Edwards, senior reviews editor
What's On
08-07-2025
- Entertainment
- What's On
6 of the best restaurants in Dubai this week: July 7 to 10
In a city that moves fast and eats well, there's always something new to try – from chilled out hangouts to sky-high fine dining spots, low-key gems to the next hot table. Dubai's food scene doesn't sleep, and neither do we. Whether you're looking for the perfect place to catch up with friends, enjoy a long dinner with a view, or finally try that spot everyone keeps talking about, we've rounded up 6 of the best restaurants in Dubai to book this week. Go hungry. KIRA Images: Supplied KIRA's new Bar Bites menu is all about light, seasonal plates made to share – perfect for a mid-summer catch-up or a laid-back dinner. Designed around the crossroads of Mediterranean and Japanese flavours, the offering moves from crisp Padron peppers and tahina-miso aubergine to spicy tuna rolls, rock shrimp tempura, and wagyu skewers off the robata grill. Pair it all with a house cocktail (like the nutty Parmigiano Sour or the saké-forward Saké-Lini) and settle in for a refreshingly casual, quietly refined moment at the bar. Location: KIRA, Jumeirah Marsa Al Arab Hotel Times: Sunday to Wednesday 12pm – 1am, Thursday to Sunday 12pm – 2am Contact: (0)4 379 7977. @ kira restaurant Reservations: kira - Hanaaya, Jumeirah Mina Al Salam Image: Supplied Tortuga is back – and for the summer only. The cult Mexican spot has returned as a seasonal pop-up at Jumeirah Mina A'Salam, taking over a corner of Hanaaya with all the hits: sizzling fajitas, chimichangas, street corn, and of course, tacos. It runs daily from lunchtime through to late evening, but Tuesdays are the big one. Expect favourites like carne asada with cheese crust and taquera salsa, or the crispy Baja-style fish with chile arbol emulsion. It's loud, laid-back, and full of flavour – just how it should be. Location: Hanaaya, Jumeirah Mina A'Salam Times: Daily, 12:30pm to 10pm Cost: Taco Tuesdays priced at Dhs150 (unlimited tacos) or Dhs250 (with 3 drinks) Contact: 800 323 232 J ou Jou Brasserie Images: Supplied Available Monday to Friday, La Pause is a three-course midday menu guided by Chef Gioia's refined Italian sensibility. Starters include dishes like ricciola hamachi with espelette vinaigrette or a crisp artichoke salad, followed by mains such as fregola alla norma, oxtail ravioli, or Provençale sea bream with mussel jus. To finish, there's a standout chocolate and olive oil slice cake by Chef Nicolas Lambert – indulgent, buttery, and just the right amount of sweet. Location: Jou Jou Brasserie, Four Seasons Resort Dubai at Jumeirah Beach Times: Monday to Friday, 12:30pm to 5:30pm Cost: Dhs165 per person, Add Dhs120 for two beverages Contact: (0)4 270 7950 @joujoudubai Jamavar Images: Supplied Jamavar has launched Spice & Spirits – a new four-course tasting menu where every dish is matched with a cocktail that does more than just sit pretty on the side. It's all about contrast and balance: smoky prawns with apricot palomas, rich butter chicken offset by a kaffir-lime-spiked daiquiri, and dessert paired with an espresso martini laced with saffron. Available from June 19, guests can choose between vegetarian or non-veg options – both deeply rooted in Indian culinary heritage but reimagined through flavour-pushing drinks. The setting? Intimate, warm, and already MICHELIN-starred less than a year since opening. Location: Jamavar, Address Residences Opera District, Downtown Dubai Times: Daily from 12pm to 12am (from 12:30pm on weekends) Cost: Dhs395 per person Contact: 04 553 7852. @jamavardubai Magadan Seafood lovers, this one's calling your name. Magadan's Aphrodisiac Time is a daily ritual built around fresh oysters and free-flowing house wine. Here, it's unlimited oysters and house wine – simple as that. It's relaxed, easy, and ideal for a sunset session on Palm West Beach that feels a little indulgent, in all the right ways. Location: Magadan, Radisson Beach Resort, Palm West Beach Times: Daily Cost: Dhs225 per person Contact: (0)52 101 1075. @magadandubai North Audley Cantine Images: Supplied The French bistro everyone in Dubai keeps returning to just launched a fresh all-day breakfast menu. North Audley Cantine (NAC) in Al Safa is now serving breakfast from 9am to noon, Monday to Thursday – perfect for whether you're starting early or craving some comfort food later. Expect light, fresh, and flavourful dishes like shakshuka poached eggs, Turkish eggs, and scrambled eggs with Monterey jack and jalapeño mayo in a brioche bun. Can't pick just one? The NAC Breakfast Plate has a little bit of everything. If you're after something green, try their signature kale and cabbage salad with parmigiano, pine nuts, golden raisins, and honey za'atar dressing. Sharing plates also make a comeback with favourites like honey sweet potato, popcorn chicken with spicy mayo, crushed burrata, and chicken sliders with sriracha mayo. For dessert, choose from crushed milk chocolate cookies with frosties soft serve, speculoos French toast with raspberries and clotted cream, ricotta pancakes with dulce de leche and banana, or a daily pastries basket – perfect alongside your coffee. Location: H Residence, Al Safa Times: Monday to Thursday, 9am to 12pm Contact: (0)43791774 @nacdubai Reservations:
Yahoo
30-06-2025
- Business
- Yahoo
Hyatt Announces Agreement to Sell Playa's Owned Real Estate Portfolio to Tortuga for $2.0 Billion
CHICAGO, June 30, 2025--(BUSINESS WIRE)--Hyatt Hotels Corporation (the "Company") (NYSE: H) announced today that it has entered into a definitive agreement to sell the entirety of Playa's owned real estate portfolio, acquired from Playa on June 17, 2025, for $2.0 billion to Tortuga Resorts ("Tortuga"), a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. The real estate transaction is expected to close before the end of 2025 and is subject to regulatory approval in Mexico and other customary closing conditions. The real estate portfolio includes 15 all-inclusive resort assets located across Mexico, the Dominican Republic, and Jamaica. Concurrent with the real estate sale, Hyatt and Tortuga will enter into 50-year management agreements for 13 of the 15 properties, with terms consistent with Hyatt's existing all-inclusive management fee structure, while the remaining two properties are under separate contractual arrangements. Hyatt will retain $200 million of preferred equity in connection with the real estate transaction. Following the sale of the real estate portfolio, Hyatt's net purchase price for Playa's asset-light management business is approximately $555 million, net of gross proceeds from asset sales. Hyatt expects to earn $60 to $65 million of stabilized Adjusted EBITDA in 2027, inclusive of earnings from Unlimited Vacation Club and ALG Vacations, representing an implied multiple of 8.5x – 9.5x. The implied multiple would be further improved to the extent the earnout conditions are met. "The planned real estate sale to Tortuga transforms the acquisition of Playa Hotels & Resorts into a fully asset-light transaction and increases Hyatt's fee-based earnings," said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. "Hyatt has secured long-term, durable management agreements and the planned real estate sale demonstrates Hyatt's commitment to its asset-light business model and ability to deliver value to shareholders that is accretive in the first full year." Upon completion of the real estate sale, Hyatt is required to use the proceeds to repay the delayed draw term loan used to fund a portion of the Playa acquisition and expects pro forma net leverage to be consistent with thresholds necessary to maintain its investment-grade credit profile. A supplemental presentation with additional information about the planned transaction is attached to the Form 8-K filed today, and is available on Hyatt's Investor Relations website, under the "Financials" section. In connection with the transaction, BDT & MSD Partners is acting as lead financial advisor to Hyatt, with Berkadia serving as Hyatt's real estate advisor. Latham & Watkins LLP is Hyatt's legal advisor. Goldman Sachs & Co. LLC is acting as exclusive financial advisor to Tortuga, and Simpson Thacher & Bartlett LLP is acting as Tortuga's legal advisor. The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. For further information: About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2025, the Company's portfolio included more than 1,450 hotels and all-inclusive properties in 79 countries across six continents. The Company's 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 Zoëtry® 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®, Hyatt Place®, Hyatt House®, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. About Tortuga Resorts Tortuga Resorts was established to create the leading ownership company for premium beachfront resorts throughout top destinations in the Caribbean and Latin America. Tortuga Resorts' current portfolio consists of 8 premier beach resorts, with approximately 2,900 rooms across 3 world-class destinations. Tortuga Resorts was formed by KSL Capital Partners, LLC, a leading global investor in travel and leisure businesses, and Rodina, a family office based in Mexico City with experience across various industries including hospitality, infrastructure, and technology. Forward-Looking Statements Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the Company, Playa, the proposed Asset Sale Transaction, the expected timeline for completing the Asset Sale Transaction; 2027 stabilized Adjusted EBITDA estimates for Playa's asset-light management business, expected pro forma net leverage following completion of the Asset Sale Transaction, and expected outcomes of the proposed Asset Sale Transaction and involve known and unknown risks that are difficult to predict. As a result, the Company's actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and the Company's management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed Asset Sale Transaction may have on us, the occurrence of any event, change or other circumstance that could give rise to the termination of the Share Purchase Agreement; the effects that any termination of the Share Purchase Agreement may have on us or our business; failure to successfully complete the proposed Asset Sale Transaction; legal proceedings that may be instituted related to the proposed Asset Sale Transaction; significant and unexpected costs, charges or expenses related to the proposed Asset Sale Transaction; inability to obtain regulatory or governmental approvals or to obtain such approvals on satisfactory conditions, general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; the impact of global tariff policies or regulations; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company's filings with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, which filings are available from the SEC. All forward-looking statements attributable to the Company or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. HHC-FIN View source version on Contacts For further information: Hyatt Media Contact: Franziska Hyatt Investor Contacts: Adam Ryan Tortuga Media Contact: Kate Thompson / Erik Carlson / Kate KelleyJoele Frank, Wilkinson Brimmer KatcherTortuga-JF@ Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Business Wire
30-06-2025
- Business
- Business Wire
Hyatt Announces Agreement to Sell Playa's Owned Real Estate Portfolio to Tortuga for $2.0 Billion
CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (the 'Company') (NYSE: H) announced today that it has entered into a definitive agreement to sell the entirety of Playa's owned real estate portfolio, acquired from Playa on June 17, 2025, for $2.0 billion to Tortuga Resorts ('Tortuga'), a joint venture between an affiliate of KSL Capital Partners, LLC and Rodina. Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. The real estate transaction is expected to close before the end of 2025 and is subject to regulatory approval in Mexico and other customary closing conditions. 'The planned real estate sale to Tortuga transforms the acquisition of Playa Hotels & Resorts into a fully asset-light transaction and increases Hyatt's fee-based earnings,' said Mark Hoplamazian, President and Chief Executive Officer, Hyatt The real estate portfolio includes 15 all-inclusive resort assets located across Mexico, the Dominican Republic, and Jamaica. Concurrent with the real estate sale, Hyatt and Tortuga will enter into 50-year management agreements for 13 of the 15 properties, with terms consistent with Hyatt's existing all-inclusive management fee structure, while the remaining two properties are under separate contractual arrangements. Hyatt will retain $200 million of preferred equity in connection with the real estate transaction. Following the sale of the real estate portfolio, Hyatt's net purchase price for Playa's asset-light management business is approximately $555 million, net of gross proceeds from asset sales. Hyatt expects to earn $60 to $65 million of stabilized Adjusted EBITDA in 2027, inclusive of earnings from Unlimited Vacation Club and ALG Vacations, representing an implied multiple of 8.5x – 9.5x. The implied multiple would be further improved to the extent the earnout conditions are met. 'The planned real estate sale to Tortuga transforms the acquisition of Playa Hotels & Resorts into a fully asset-light transaction and increases Hyatt's fee-based earnings,' said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. 'Hyatt has secured long-term, durable management agreements and the planned real estate sale demonstrates Hyatt's commitment to its asset-light business model and ability to deliver value to shareholders that is accretive in the first full year.' Upon completion of the real estate sale, Hyatt is required to use the proceeds to repay the delayed draw term loan used to fund a portion of the Playa acquisition and expects pro forma net leverage to be consistent with thresholds necessary to maintain its investment-grade credit profile. A supplemental presentation with additional information about the planned transaction is attached to the Form 8-K filed today, and is available on Hyatt's Investor Relations website, under the 'Financials' section. In connection with the transaction, BDT & MSD Partners is acting as lead financial advisor to Hyatt, with Berkadia serving as Hyatt's real estate advisor. Latham & Watkins LLP is Hyatt's legal advisor. Goldman Sachs & Co. LLC is acting as exclusive financial advisor to Tortuga, and Simpson Thacher & Bartlett LLP is acting as Tortuga's legal advisor. The term 'Hyatt' is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. For further information: About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2025, the Company's portfolio included more than 1,450 hotels and all-inclusive properties in 79 countries across six continents. The Company's 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 Zoëtry ® 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 ®, Hyatt Place ®, Hyatt House ®, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. About Tortuga Resorts Tortuga Resorts was established to create the leading ownership company for premium beachfront resorts throughout top destinations in the Caribbean and Latin America. Tortuga Resorts' current portfolio consists of 8 premier beach resorts, with approximately 2,900 rooms across 3 world-class destinations. Tortuga Resorts was formed by KSL Capital Partners, LLC, a leading global investor in travel and leisure businesses, and Rodina, a family office based in Mexico City with experience across various industries including hospitality, infrastructure, and technology. Forward-Looking Statements Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the Company, Playa, the proposed Asset Sale Transaction, the expected timeline for completing the Asset Sale Transaction; 2027 stabilized Adjusted EBITDA estimates for Playa's asset-light management business, expected pro forma net leverage following completion of the Asset Sale Transaction, and expected outcomes of the proposed Asset Sale Transaction and involve known and unknown risks that are difficult to predict. As a result, the Company's actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and the Company's management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed Asset Sale Transaction may have on us, the occurrence of any event, change or other circumstance that could give rise to the termination of the Share Purchase Agreement; the effects that any termination of the Share Purchase Agreement may have on us or our business; failure to successfully complete the proposed Asset Sale Transaction; legal proceedings that may be instituted related to the proposed Asset Sale Transaction; significant and unexpected costs, charges or expenses related to the proposed Asset Sale Transaction; inability to obtain regulatory or governmental approvals or to obtain such approvals on satisfactory conditions, general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; the impact of global tariff policies or regulations; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company's filings with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, which filings are available from the SEC. All forward-looking statements attributable to the Company or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. HHC-FIN
Yahoo
11-05-2025
- Yahoo
Large Alligator Caught 'Knocking on Doors' of Homes During Mating Season
A Florida community encountered an unexpected visitor when an alligator was spotted 'knocking on doors' in the neighborhood. 'Our 3rd precinct deputies responded to a call this morning of a suspicious … gator knocking on doors within the Tortuga community. Thankfully, he was secured and handed over to the trapper safely," the Lee County Sheriff's Office (LCSO) shared in a Facebook post on Friday, May 9. "How's that for taking a BITE outta crime? 😏🐊,' they jokingly added.
