Aimbridge Hospitality Opens The Resort at Coco Beach Following Renovation and Rebranding

Puerto Rico, Rio Grande. October 09, 2019

The new Resort at Coco Beach, a Hyatt affiliated hotel and one-of-a-kind premium wellness experience, is now open in Rio Grande, Puerto Rico. The 579-all suite oceanfront property on the island's serene northeast coast is situated on a secluded 1,000-acre peninsula within a private development. The resort is managed by an affiliate of Aimbridge Hospitality, LLC, North America's largest independent hotel management and investment firm. The hotel is expected to be rebranded as Hyatt Regency Coco Beach Resort later this year, following the completion of brand enhancements and updates.

Formerly the Gran Meliá Hotel, the property was acquired by Monarch Alternative Capital in partnership with Royal Palm Companies and an affiliate of Aimbridge Hospitality, LLC. in 2019, following Hurricane Maria. The Resort at Coco Beach then underwent an extensive multi-million dollar renovation, creating 300 direct employees with 525 direct jobs upon the opening of the hotel.

Accommodations at The Resort at Coco Beach include 480 junior suites, 93 deluxe suites, five club suites and one presidential suite. Each airy, expansive unit is decorated in soothing neutral shades and enjoy all modern conveniences, such as complimentary Wi-Fi, large flat screen televisions with pay-per-view, premium bath amenities, a coffeemaker, laptop safe, hair dryer, iron and ironing board, refrigerator, and air conditioning.

Amenities designed to foster the experience feature three expansive swimming pools, the full-service Rainforest Spa, wellness center and salon, and daily activities that include tennis, volleyball, basketball, jogging, and golfing on two world-class Tom Kite-designed 18-hole championship golf courses. Additionally, a dedicated concierge service provides lifestyle management, transportation, travel and vacation planning, and personalized service.

The hotel offers five onsite food and beverage experiences:

● Water's Edge - Caribbean-style buffet serving breakfast, lunch & dinner made from local ingredients

● Prime 787 - Upscale, fine-dining environment offering prime steaks and fresh local seafood

● Nori - Asian fusion experience serving sushi, sashimi, ceviche bar and teppanyaki grill

● Pasión by Chef Myrta - Gourmet culinary experience offering Puerto Rican cuisine

● Lobby Bar - Casual bar featuring craft cocktails and live entertainment

"The Resort at Coco Beach was designed to embrace and nurture the mind, body and soul," said Dave Johnson, chairman and CEO at Aimbridge Hospitality. "We aim to center on the guest's experience and look forward to providing the ultimate escape for each of our guests."

"We are excited with the reopening of this important hotel as a Hyatt property," said Carla Campos, executive director of the Puerto Rico Tourism Company. "Tourism development is a key driver of economic growth and a priority for the Government of Puerto Rico. The Island offers highly competitive incentive packages and benefits, which makes us an ideal destination for investors, developers, and hotel management leaders such as Aimbridge Hospitality. We're looking forward to all that is to come for the future of Hyatt Regency Coco Beach Resort."

Beyond redefining the resort experience for leisure guests, the property applies the same high-touch experience for the meetings and events market, with 41,208 square feet of total function space and state-of-the-art meeting facilities all backed by a dedicated offering seamless service.

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