Hyatt (H) closed the sale of a resort portfolio to Tortuga Resorts for $2 billion today. This move shifts them to an asset-light model for these locations, though they signed 50-year management agreements to keep running 13 of the properties. They plan to use the proceeds to pay down debt from the original acquisition. On a side note, they mentioned seven properties in Jamaica are still closed due to damage from Hurricane Melissa and won't reopen until Q4 2026.