Jones Lang LaSalle Arranges Sale of Club Med Villas Arqueologicas
DECEMBER 18, 2007. On behalf of its client, Club M'editerran'ee, Jones Lang LaSalle Hotels is pleased to announce the sale of the Club Med Villas Arqueol'ogicas to a private Mexican investor in partnership with Islander Collection, a Mexico-based hospitality group. The 217-guestroom portfolio is comprised of five boutique hacienda-style hotels located adjacent to, or in some cases, within, some of the most significant Aztec and Mayan archaeological sites in Mexico. Three of the archeological sites involved - Teotihuac'an, Chich'en Itz'a and Uxmal - have been designated World Heritage Sites by UNESCO.
The properties known as Villa Teotihuac'an, Villa Chich'en Itz'a, Villa Uxmal, Villa Cholula, and Villa Cob'a were constructed in 1977 and completely refurbished in 2000. Each villa has between 42 and 45 guestrooms, and is built around a central courtyard with lush gardens, a swimming pool and a terrace restaurant.
"This acquisition represents a unique opportunity for the buyer to purchase a portfolio of assets that are so close to major archaeological sites that their construction could not be replicated today," said Christian Charre, a senior vice president for Jones Lang LaSalle Hotels. "The sensitive location of the Club Med Villas Arqueol'ogicas required Jones Lang LaSalle Hotels and Club M'editerran'ee to be very vigilant in selecting a buyer that would commit to preserve, protect and cherish these locations the way Club M'editerran'ee has for over 20 years."
"The exotic location of each hotel, surrounded by vestiges of ancient history, is an ideal setting to provide guests a sophisticated vacation experience. While there is an environment of tranquility around each villa, there are also a myriad of options for adventurous activities. Combined with a planned renovation that will result in more upscale accommodations, the buyer will be able to realize substantial growth opportunities," said Miguel Rivera, a senior vice president for Jones Lang LaSalle Hotels.
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