Black Creek Mexico Completes Purchase of Hotel in Puerto Vallarta
Black Creek Mexico ("BCM") is pleased to announce that Grupo Alojica has completed the acquisition of the Westin Resort & Spa, Puerto Vallarta from affiliates of Marriott Vacations Worldwide.
The 280-room beachfront resort, located in Puerto Vallarta, Jalisco, Mexico, is managed by Marriott International under its Westin Hotels & Resorts brand.
BCM plans for the property to undergo a transformational capital improvement plan that includes a comprehensive renovation of all guestrooms and public areas, a reimagination of the food and beverage offerings, and the enhancement of the hotel's pool, spa, fitness and other recreational amenities.
"This value-add investment is part of our strategy to aggregate a large-scale portfolio of institutional-quality resorts throughout Mexico's primary tourism markets", said Oriol Gimenez, co-head of BCM's lodging investment platform. "Mexico is a world-class tourism destination, and we are excited to acquire this iconic property in one of Mexico's largest and fastest growing hotel markets. We look forward to executing our business plan to substantially enhance the guest experience and asset manage the property to maximize value".
Nestled in the vibrant town of Puerto Vallarta and overlooking the scenic Bay of Banderas, The Westin Resort & Spa, Puerto Vallarta features 280 guestrooms and suites, 6 restaurants and bars as well as 23,000 square feet of meeting space.
Designed by renowned architect Javier Sordo Madaleno over 14 acres and accented by more than 600 sculptural palm trees, the hotel is located in the exclusive Marina Vallarta area and situated only a few minutes away from the Puerto Vallarta International Airport and downtown Puerto Vallarta with its robust artistic, culinary and entertainment offerings.