Walton Street Capital Mexico to Transform the Former La Tranquila Resort in Punta de Mita, Mexico as Conrad Playa Mita
March 1, 2018 12:19pm
PUNTA DE MITA, Mexico — March 01, 2018 — Conrad Hotels & Resorts, Hilton’s (NYSE: HLT) global affluent hotel brand, today announces plans to redesign and reopen the former La Tranquila Resort in Punta de Mita, Mexico as Conrad Playa Mita in winter 2019. Following a multi-million dollar investment, the re-imagined property will welcome guests to an exclusive tropical oasis.
“As one of the most popular tourism destinations in Latin America, Mexico continues to be a priority market in our regional growth plans,” said Juan Corvinos, vice president, development, Latin America and the Caribbean, Hilton. “With the recent signing of Waldorf Astoria Cancun on the Mexican Caribbean coast, we are thrilled to further expand our luxury footprint on the country’s Pacific coastline.”
“We are incredibly excited to be working with Hilton on this spectacular project in the growing Riviera Nayarit, and believe that the Conrad brand reflects the vision we have for the resort,” said Federico Martin del Campo, CEO of Walton Street Capital Mexico.
Co-developers, HRV Hotel Partners and Contact Development Company, have envisioned a modern design to create a destination that highlights and enhances the natural beauty of the surrounding area. The design elements will incorporate the lush tropical landscape, open corridors and a contemporary and coastal décor. All guestrooms and suites will be steps from one of the finest beaches in Riviera Nayarit and will have unobstructed views the ocean.
Conrad Playa Mita will also serve as a destination for group travel with more than 45,000 square feet of combined function space, including:
“As the brand’s second property in Mexico, Conrad Playa Mita will embody modern luxury in one of the world’s most sought-after destinations,” said Dino Michael, vice president, global brand development, Luxury and Lifestyle Brands, Hilton. “We look forward to delivering seamless service to our guests at a stunning coastal resort while giving them unique access to exploring the world around them.”
Conrad Playa Mita will be located in a premier location, giving guests access to a wide range of activities. As part of the FONATUR-developed Litibu gated resort community, Conrad Playa Mita will also offer guests access to the Greg Norman signature 18-hole golf course, state of the art tennis courts, a serene spa experience, a relaxing pool and a wide array of dining options featuring fresh regional and international cuisine.
For more information on Conrad Playa Mita and the Conrad Hotels & Resorts portfolio, please visit http://news.conradhotels.com and www.conradhotels.com.
Tags: conrad hotels & resorts,
la tranquila resort,
conrad playa mita
Conrad Hotels & Resorts is the destination for the new generation of smart luxury travelers for whom life, business and pleasure seamlessly intersect. Conrad offers its guests an innovative way to create new connections and opportunities through a curated collection of 1, 3, or 5-hour experiences, available through StayInspired.com. Guests can manage their stay through the Conrad Concierge service in the Hilton Honors mobile app, getting access to pre check-in and room selection to ordering in room dining and mobile check-out, all from their own mobile device. Consisting of 35 properties across five continents, Conrad is part of Hilton, a leading global hospitality company. Connect with Conrad by booking at www.conradhotels.com. Learn more about the brand by visiting news.conradhotels.com.
Contact: Nicky Diaz
Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,100 properties with nearly 838,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the world’s most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi. Visit newsroom.hilton.com for more information.
Affiliates of Walton Street Capital Mexico have obtained more than $1.7 billion in equity commitments over the past 10 years from domestic and international investors for investments throughout Mexico. Walton Street Capital, L.L.C. is a private equity real estate investment firm. Since its founding in 1994, affiliates of Walton Street Capital have received total equity commitments of over $9.8 billion from public and corporate pension plans, foreign institutions, insurance companies and banks, endowments and foundations, trusts, and high net worth individuals. Affiliates of Walton Street Capital have invested and/or committed to invest over $9 billion of equity in more than 350 separate transactions.
Based in Atlanta, with offices in Santa Fe, New Mexico, Cabo San Lucas and Puerto Vallarta, Mexico, HRV Hotel Partners provides development, project, and construction management services for the construction and renovation of resort, urban and university hotel projects across the U.S., Mexico, Canada and the Caribbean. The firm was formed in 2003 by Richard Holland, a 25-year veteran in the hospitality development business. Under his leadership, HRV Hotel Partners has grown to a hotel and resort development company with broad geographic reach, having developed hotels and resorts under the flags of most leading U.S. hotel brands, including the development of The Resort at Pedregal, a AAA 5-Diamond / Forbes 5-Star resort in Cabo San Lucas, Mexico. Other notable projects include The Cape, a Thompson Hotel, in Cabo San Lucas, Mexico, and Bishop’s Lodge, an Auberge Resort, in Santa Fe, New Mexico.
Contact Development Company (CDC) is a fully integrated resort real estate development company, specializing in the development of environmentally and socially conscious upscale resort and residential club communities and their related components including resort hotels, golf courses, private clubs and residential properties. CDC takes great pride in creating truly unique and memorable developments that are “place appropriate” and harmonious with each project’s locale. Since 1997, CDC has envisioned, developed and collaborated on several resort projects in Mexico, including the Punta Mita and Punta Sayulita resort and residential communities located in the Riviera Nayarit. CDC has also worked in other internationally recognized resort destinations including Hawaii, the Caribbean, mainland United States, French Polynesia, Costa Rica and Panama. For more information, please visit www.contactdevco.com.
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