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MEXICO CITY, December 21, 2023 /PRNewswire/ -- Black Creek México ("BCM") is pleased to announce that companies affiliated with Alójica, an investment platform sponsored by BCM, have completed the acquisition of the Royal Islander Cancún. Taking advantage of its privileged location and beachfront, Alójica plans to completely transform the property in the coming years, turning it into a leading all-inclusive resort in the Mexican Caribbean.
"We are excited to have made this purchase in the largest hotel market in the Caribbean and the number one international destination in the world for travelers from the United States," said Oriol Giménez, Managing Partner of Grupo Alójica. "This investment is part of Alójica's strategy of seeking institutional quality hotel investment opportunities in the main tourist markets of Mexico. These markets, which are the natural beach destination for North Americans, are currently favored by a rapid growth in visitors and have world-class tourist attractions".
The Royal Islander is located in the heart of the Cancun Hotel Zone, minutes from the Cancun International Airport and surrounded by a wide range of dining and entertainment offerings. The property has 369 rooms and suites with views of the Caribbean Sea.
About Black Creek MexicoBlack Creek Mexico is a leading real estate investment management company in Mexico. Since 1996, BCM affiliated investment platforms have developed, acquired and operated more than 175 industrial, commercial, residential and rental housing properties in Mexico, in investments exceeding USD $3 billion in added value. The company seeks to generate attractive returns for its partners with an emphasis on risk management and with a focus on investments at scale in strategies supported by secular trends. The company has offices in Denver, Colorado and Mexico City, as well as a vertically integrated business model that combines local execution capacity with an institutional platform for investment management.
About AlójicaAlójica is a real estate investment management platform backed by Black Creek Mexico that focuses exclusively on hotel and tourism investments in Mexico. Alójica adopts an institutional approach for the comprehensive management of hotel investments and assets related to them, with the objective of generating long-term value in its investments through a strategic approach in the management and optimization of hotel assets. The company continues to actively seek investment opportunities in hotels with an institutional profile in the main hotel markets in Mexico.
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