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Alojica Completes Acquisition Of The Marriott Puerto Vallarta Resort & Spa

PRIVATESep 29, 2023

Acquiring Company

Alojica

Real EstateHospitalityHotel

Description

Black Creek Mexico ("BCM") is pleased to announce that affiliates of Alojica, a BCM sponsored investment platform, have completed the acquisition of the Marriott Puerto Vallarta Resort & Spa, from an affiliate of Marriott International, Inc. The 433-room beachfront resort, located in Puerto Vallarta, Jalisco, Mexico, is managed by an affiliate of Marriott International under a long-term Marriott Hotels & Resorts agreement. Alojica plans for the property to undergo a transformational capital improvement plan to convert the property into All-Inclusive by Marriott Bonvoy. Planned improvements include a comprehensive renovation of all guestrooms and the addition of swim-up pool rooms, a reimagination of the food and beverage offerings, and a new master plan to expand and enhance the hotel's pools, spa, fitness, landscaping and other recreational amenities around newly designed public areas.

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Company Information

Company

Alojica

About

Alojica is a Black Creek Mexico sponsored real estate investment management platform focused exclusively on lodging real estate opportunities in Mexico. Alojica embraces a holistic institutional approach to hotels and hotel-anchored real estate that seeks to drive long-term asset value through strategic lodging expertise and asset management. The firm is actively seeking institutional investment opportunities in lodging properties throughout Mexico's primary hotel markets. SOURCE Alojica; Black Creek Mexico

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