Alojica and Royalton Hotels & Resorts Acquire The Westin Resort & Spa, Cancun
Black Creek Mexico ("BCM") is pleased to announce that affiliates of Alojica, a BCM sponsored investment platform, in partnership with Royalton Hotels & Resorts ("Royalton") 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.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
