Alojica Completes Acquisition of the Royal Islander Cancun in Mexico
Black Creek Mexico ("BCM") is pleased to announce that affiliates of Alojica, a BCM sponsored investment platform, have completed the acquisition of the Royal Islander Cancun. Leveraging its prime beachfront location, Alojica plans to completely transform the property over the coming years as a leading all-inclusive resort in the Mexican Caribbean.
"We are thrilled to be making this investment in the largest resort market in the Caribbean and the #1 international destination for U.S. travelers in the world", said Oriol Gimenez, Managing Partner of Grupo Alojica. "This investment further underscores Alojica's strategy to pursue institutional-quality, value-add hotel investment opportunities in Mexico's primary resort markets, which are supported by rapidly growing consumer demand and world class tourism offerings as North America's natural warm weather destination".
The Royal Islander is located in the heart of Cancun's Hotel Zone and just minutes from Cancun's International Airport. The property features 369 guestrooms and suites with captivating views of the Mexican Caribbean and proximity to Cancun's primary tourism attractions including a wide variety of culinary and entertainment offerings.
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