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Hyatt to sell all its Playa real estate to an investment joint venture
Hyatt to sell all its Playa real estate to an investment joint venture

Travel Weekly

time01-07-2025

  • Business
  • Travel Weekly

Hyatt to sell all its Playa real estate to an investment joint venture

Hyatt Hotels Corp. has agreed to sell the entire real estate portfolio it acquired from Playa Hotels & Resorts for $2 billion to Tortuga Resorts, a joint venture between investment firms KSL Capital Partners and Rodina. The deal, which is expected to close before the end of the year, comprises 15 all-inclusive resort properties across Mexico, the Dominican Republic and Jamaica. Following the real estate sale, Hyatt will maintain operational control through 50-year management agreements for 13 of the 15 properties. Two properties will operate under separate arrangements. Hyatt said it could earn an additional $143 million if certain operating thresholds are met. Additionally, Hyatt reported that the transaction reduces its net purchase price for Playa's management business to approximately $555 million after asset sale proceeds. Hyatt's $2.6 billion acquisition of the Playa portfolio closed on June 17. The company began reflagging a portion of Playa's all-inclusives earlier this month.

Hot right now: The top new restaurants in Dubai for 2025
Hot right now: The top new restaurants in Dubai for 2025

FACT

time28-01-2025

  • Entertainment
  • FACT

Hot right now: The top new restaurants in Dubai for 2025

Keeping track of new restaurant openings in Dubai is a full-time job. But if you love finding the latest hotspots for dinner and drinks before anyone else, this is the place for you. These are the new restaurants in Dubai that you need to visit – if you can get a reservation… Perched along the shores of Club Vista Mare, BeBabel The Palm is a casual yet chic offshoot of the renowned Babel restaurant. The restaurant combines Lebanon's rich culinary heritage with views of Dubai's skyline, sandy beaches, and serene sea. The menu features bold, modern twists on traditional mezze, and signature highlights include Bulgur Paella, Hummus Tequila, Mafroukit Tajen, and Shrimp Freekeh. At the heart of the experience is BeBabel's bread oven, which serves freshly baked bread straight from the flame. GO: Visit for more information. The new Spanish fusion restaurant is open at Bluewaters Dubai, combining centuries-old flavours with modern creativity. Inspired by the history of Moorish Spain, the menu pays homage to the rich lands of Andalusia and the spice-laden winds of the Sahar. Highlight dishes include Garlic Mushrooms, Smoky saffron-infused Lamb Shoulder and Tuna Tartar. Complementing the menu is a selection of handcrafted cocktails and mocktails. GO: Visit for more information. Dubai Marina has welcomed the new dining destination, District 8, where culinary artistry, vibrant nightlife, and immersive experiences come together. Housing three exceptional venues under one roof—Blume, Rodina, and Luxuria—District 8 brings a touch of Russian opulence to the city. Blume is a lush haven where nature meets gastronomy, inspired by the historic Silk Road. Rodina—meaning 'Motherland' in Russian—showcases fine dining at its best. Luxuria is an upscale karaoke lounge that combines high-energy entertainment with world-class dining. GO: Follow @district8dubai on Instagram for more information. A touch of Paris has come to Dubai with the arrival of Frou Frou at The Lana Promenade. Chef Leonid Ivanov's menu offers a vanguardist take on French classics and features Escargots de Bourgogne, Langoustines Grillées, Salade Niçoise and Tartare de Veau. Desserts bring the meal to a sweet close with French classics such as Crème Brûlée à la Passion and Soufflé à la Banane. Cheese lovers will appreciate the extensive fromage menu, offering a curated selection of premium cheeses. GO: Visit for more information. Fuoco is ready to light up Dubai's dining scene, combining fire with a curated wine and cocktail list in Dubai Creek Harbour. The dishes span meat, raw fish, and vegetables. They include Beef Short Ribs with Sunchokes Puree, ribeye with Asparagus, Salmon with Avocado, Robata Grilled Steak, and Tuna Carpaccio. Desserts include Banana Caramel, Chocolate Mousse, and Vanilla Ice Cream. The smart space includes dim lighting, dark wooden tones, and an open-air terrace with waterfront views. GO: Follow @myfuoco on Instagram for more information. The trés chic La Serre is ready to delight diners with its new outpost in C2, City Walk. Spread across two floors, the restaurant blends elegance with comfort. Think marble tabletops, an open kitchen, and a brightly lit atmosphere that exudes sophistication and comfort. Expect indulgent breakfast options like truffle scrambled eggs and freshly baked baguettes to signature staples such as Rigatoni Sauce Morille et Truffe, Provençal-style ratatouille with feta, and La Serre Bourguignon for lunch or dinner. Adding to its charm is an in-house bakery, ensuring you are spoiled for choice with freshly baked delights such as almost croissants and pain au chocolat. GO: Visit for more information. Located in The Opus by Omniyat in Business Bay, Le Relais De L'Entrecôte takes over the space formally occupied by Basko and reflects its Parisian counterpart thanks to large mirrors, vintage posters and a heavy influence of red. The signature mono-dish experience features a simple offering of Green Walnut Salad and an extra-tender Sirloin Steak served with their secret sauce and fries. This winning combo has kept diners coming back for more. This new restaurants in Dubai doesn't accept reservations, so be prepared to queue GO: Follow @relaisdelentrecotedubai on Instagram for more information. Located at Boulevard West in Motor City, Manaret Beirut offers food, fun, and retail therapy. The new neighbourhood restaurant celebrates the flavours of Lebanon, and its menu features kebabs, hummus, falafel, and fattoush. But what truly makes Manaret Beirut unique is the boutique retail store, where you can find everything from jewellery to thoughtful gifting options. The restaurant also features an equally impressive outdoor area with water fountains, a mini waterfall, and shisha. GO: Follow @manaretbeirut_ on Instagram for more information.

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