Affiliates of Alojica, a Black Creek Mexico-sponsored lodging investment platform, and Royalton Hotels & Resorts have completed the acquisition of The Westin Resort & Spa, Cancun from affiliates of Marriott Vacations Worldwide, the companies said. The buyers plan to execute a major capital improvement program that will convert the property into an All-Inclusive by Marriott Bonvoy resort, operating under the Westin Hotels & Resorts brand.
The resort is located in Punta Nizuc at the southern end of Cancun’s Hotel Zone, a short drive from Cancun International Airport. The property was designed by architect Ricardo Legorreta and includes 372 guestrooms and suites with views of the Mexican Caribbean and the Nichupté Lagoon.
Amenities include five restaurants and bars, approximately 20,000 square feet of meeting space, and Westin-branded features such as the Heavenly Spa by Westin and a kids club. Alojica described the deal as its fourth lodging investment in Mexico and its second partnership with Royalton, citing continued demand for high-end all-inclusive resorts in the Cancun market.
Royalton said it will bring operational expertise to support the repositioning, with the partners emphasizing value creation and capital efficiency as the resort transitions to an all-inclusive format tied to Marriott’s loyalty ecosystem.
Black Creek Mexico is a private real estate investment manager focused on Mexican markets, while Alojica is a BCM-sponsored investment manager dedicated to lodging real estate opportunities in Mexico. Royalton Hotels & Resorts is an all-inclusive operator with resorts across multiple Caribbean destinations.
KEY QUOTES:
“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. 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.”
Eduardo Ahumada, Senior Vice President, Alojica
“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. 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.”
Daniel Díaz, Executive Vice President, Royalton Hotels & Resorts
