Hyatt Hotels Corp — Form 10-K filed 2026-02-13

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Hyatt Hotels reported a net loss of $49 million for 2025, compared to net income of $1,296 million in 2024, primarily due to lower gains on asset sales and impairments. Adjusted EBITDA totaled $1,159 million. The company completed the acquisition of Playa Hotels and subsequently sold the portfolio, entering long-term management agreements. Capital returns included $293 million in share repurchases and $57 million in dividends. Total debt rose to $4,278 million, with net debt at $3,465 million.