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Purchase Activity Fuels Mortgage Application Uptick

Purchase Activity Fuels Mortgage Application Uptick

Mortgage application activity was on the rise for the week ending March 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.2% on a seasonally adjusted basis...

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Hyatt Sells Playa’s Real Estate Portfolio for $2 Billion

Hyatt Sells Playa’s Real Estate Portfolio for $2 Billion

Hyatt Hotels Corporation (NYSE: H) announced the sale of Playa Hotels & Resorts NV’s real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Hyatt acquired Playa earlier this year for...