Black Creek Mexico recently announced that affiliates of Alojica, a BCM sponsored investment platform, in partnership with Royalton Hotels & Resorts have completed the acquisition of The Westin Resort & Spa, Cancun from affiliates of Marriott Vacations Worldwide. Alojica and Royalton plan for the resort to undergo a transformational capital improvement plan to convert the property into an All-Inclusive by Marriott Bonvoy resort under its Westin Hotels & Resorts brand.
“The Westin Resort & Spa, Cancun represents our fourth lodging investment in Mexico and our second collaboration with Royalton, a world-class all-inclusive hotel owner and operator”, said Eduardo Ahumada, Senior Vice President of Alojica. “We have tremendous conviction on the continued institutionalization and growth of high-end all-inclusive resorts in Mexico, particularly in Cancun which is the #1 international destination for U.S. travelers in the world. ”
“This acquisition underscores Royalton Hotels & Resorts’ confidence in the long-term fundamentals of the Mexican hospitality market and the growing institutional demand for high-quality all-inclusive assets,” said Daniel Díaz, Executive Vice President of Royalton Hotels & Resorts. “Alojica has demonstrated a disciplined investment approach and a clear long-term vision in identifying and repositioning premium resort opportunities. We are pleased to partner once again on a landmark asset in Cancun, where Royalton will contribute its operational expertise to support value creation, capital efficiency, and the successful repositioning of the resort as a Westin All-Inclusive alongside Marriott International.”
The Westin Resort & Spa, Cancun
The Westin Resort & Spa, Cancun is located in the exclusive Punta Nizuc at the tip of the Cancun Hotel Zone and just minutes from Cancun’s International Airport, which receives over 30 million passengers annually. Designed by renowned architect Ricardo Legorreta, the property features 372 guestrooms and suites with stunning views of the Mexican Caribbean and Nichupté Lagoon, 5 restaurants and bars, 20,000 square feet of meeting space and signature Westin Hotels & Resorts amenities including a Heavenly Spa by Westin and Kids Club.
