Royalton & Black Creek Mexico Complete Acquisition of Westin Resort Cancun
by Bruce Parkinson
The Westin Resort and Spa, Cancun will get a major makeover under new owners.
Royalton Hotels & Resorts and Black Creek Mexico/Alojica have announced the completed 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, SVP 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. travellers 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, EVP 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.”
Royalton Hotels & Resorts is an all-inclusive hospitality company with a curated portfolio of resorts across seven Caribbean destinations. It is owned by Canadian hospitality group Blue Diamond Resorts.
