Dallas-based Aimbridge Hospitality hotel management company added six resorts to its Caribbean portfolio.
These are: Curacao Marriott Beach Resort & Emerald Casino, which is undergoing a rebuild and will open this fall; Grand Hyatt Grand Cayman Hotel & Residences, which will break ground by year's end with opening set for fall 2021; Margaritaville Beach Resort at the Pointe in Nassau, Bahamas, a newbuild slated to open in June; Hyatt Regency Coco Beach in Puerto Rico; Frenchman's Reef Resort on St. Thomas, which is reopening in spring, although a brand to replace Marriott has not yet been named; and the Morning Star Beach Resort, St. Thomas, adjacent to Frenchman's Reef, which is under reconstruction and anticipates opening in spring.
"The acquisition of these resorts is a great expansion for our Caribbean portfolio," said Dave Johnson, chairman and CEO.
"The devastation from the 2017 hurricanes produced an opportunity as newly renovated and revamped assets look to relaunch and reposition back into the marketplace," he said.
With the acquisition of these properties, the company now represents nine resorts on eight Caribbean islands and has plans for further expansions, according to Johnson.
The other three Caribbean resorts that are part of the Aimbridge portfolio are St. Croix Carambola Resort & Spa (which is undergoing renovations), the Barbados Beach Club and the San Juan Water Beach Club.
Correction: The Grand Hyatt Grand Cayman Hotel & Residences will break ground by year's end with opening set for fall 2021. Incorrect information appeared in an earlier version of this article.