By the Caribbean Journal staff
One of Mexico City’s leading hotels has been sold.
The JW Marriott Mexico City was purchased from Host Hotels and Resorts by an affiliate of Walton Street Capital, according to JLL Hotels and Hospitality, which brokered the transaction.
Marriott will continue to manage the hotel, however, according to a statement from the company.
“Mexico’s lodging market is increasingly more liquid and continues to attract institutional capital. The JW Marriott Mexico City exemplifies what investors want: a high-quality and strong-performing asset,” said Carolina Lacerda, senior vice president at JLL, who led the team on the transaction alongside managing director Gregory Rumpel. “Demand continues to grow and the property’s location in Polanco, Mexico City’s premier commercial district, remains one of the most sought-after submarkets.”
The 312-room hotel, which also includes 44 suites, has more than 9,000 square feet of meeting space and three culinary concepts, along with two pools and a fitness center.