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AMResorts has “exchanged” brands at a pair of resorts in Punta Cana in the Dominican Republic.
The company said the Now Larimar Punta Cana will reopen as the adults-only Secrets Royal Beach Punta Cana.
What was the Secrets Royal Beach Punta Cana will be rebranded as the Now Larima Punta Cana when it reopens.
Both of the two properties have recently undergone renovations last year to the tune of more than $30 million.
And now the “new”, family-friendly Now Larimar Punta Cana is also undergoing some other upgrades, including the addition of a new lobby, a new swimming pool, a new Explorer’s Club and a new cafe, among other changes.
“We are excited to make these changes to best serve our mutual clients. We look forward to hosting our mutual guests at the new Secrets Royal Beach Punta Cana and Now Larimar Punta Cana,” AMResorts said in a statement.
— CJ
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In a move to “enhance” its liquidity, all-inclusive company Playa Hotels and Resorts has closed on the sale of two of its resorts in Jamaica.
The company has sold the Jewel Dunn’s River Beach Resort and Spa in Ocho Rios and the Jewel Runaway Bay Beach Resort and Waterpark in St Ann.
Total consideration was $60 million in cash; the buyer was not revealed.
The move comes about two years after Playa acquired the two resorts as part of a five-resort transaction with Jamaica’s Sagicor Group Limited.
That 2018 transaction also included the Hilton Rose Hall, the Jewel Paradise Cove and an 88-room tower at the Jewel Grande Montego Bay.
“We are extremely proud of the team and the performance of these two spectacular resorts and the ability to execute this sale during such unprecedented times is a testament to their hard work and the attractiveness of the Jamaican market,” said Bruce Wardinski, Chairman and CEO of Playa Hotels and Resorts, in a statement. “The sale of these two resorts will enhance our liquidity at a superb cost of capital for our shareholders.”
Playa has a broad portfolio of all-inclusive resorts across the wider Caribbean and Mexico, mostly operated under the Hyatt and Hilton brands. (An alliance with Hilton helped drive the company’s expansion in Mexico and the Dominican Republic.)
Playa also manages the Sanctuary Cap Cana in the Dominican Republic, where the company recently opened a pair of Hyatt resorts, also in Cap Cana.
As for Jamaica, Wardsinski said Playa “would continue to maintain a significant presence” in the country.
“We remain committed to being a leader in the Jamaican community as we move beyond this pandemic,” he said.
For more, visit Playa.
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The latest Caribbean Photo comes from Caribbean Journal reader Wayne Lyons, who sent in this stunning close-up of a pelican on a fishing boat in Aruba.
Have you taken a great photo in the Caribbean?
Send it to news@caribjournal.com with CPOTW in the subject line, including your first and last name and the location of the photo.
It could be the next Caribbean Photo of the Week!
— CJ
The post Caribbean Photo of the Week: A Pelican in Aruba appeared first on Caribbean Journal.
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