Hyatt Centric

Here's a roundup of hotel deals and development in Asia Pacific for July 29th, 2025.

Hyatt sells $2B Playa resort portfolio to Tortuga, partly backed by private equity firm KSL. Plus: Goldman exits $100m Greek project.

The latest CBRE U.S. Hotels State of the Union report reveals a modest recovery in hotel performance, plus more hotel development news from Peachtree and other leaders.

DoubleTree by Hilton has added 40 properties in the past year, including in Nice, Laos, the Azores Islands, and Malta. Meanwhile, Canada's hotel industry reported mixed year-over-year performance in April, plus other hotel news.

In Indonesia, hotel occupancy rates in several regions have plunged to as low as 20% as the budget cuts have stripped away a vital source of income for hotels.

The Al-Bahar Group, the majority shareholder of Yotel, has taken an extra 30% stake, raising its total stake in Yotel to more than 95%.

Seven new Marriott properties will open in Indonesia this year in Bali, Jakarta, Surabaya, Bekasi, Pontianak, and the Riau Islands.

In January, Toronto hotels charged slightly more than Vancouver’s amid rising rates and lower occupancy nationwide, with Edmonton notably lagging behind.

Choice Hotels beat earnings expectations due to "other revenues," boosted guidance, and repurchased shares, while Accor reported strong Q4 results, announced a major stock buyback, and considered selling its AccorInvest stake.

Hyatt Hotels is acquiring Playa Hotels & Resorts for $2.6 billion, funding it largely with new debt and asset sales, strengthening its all-inclusive presence in the Caribbean and Mexico.