Kerzner Int'l to renovate Palmilla Resort

MEXICO CITY -- Kerzner International said it will spend $75 million to renovate and expand the Palmilla Resort, located on the southern tip of the Mexican Baja Peninsula between Cabo San Lucas and San Jose del Cabo.

The resort will close next month and reopen in December as part of the hotel company's One & Only collection, a new division of luxury properties owned and operated by Kerzner.

Kerzner acquired a 50% equity interest in Palmilla and a long-term management agreement for the resort last year. Palmilla is Kerzner's first resort in Mexico.

As part of the renovation, Palmilla will be expanded from 115 to 174 rooms. Other additions will include an indoor/outdoor spa and a restaurant owned by chef Charlie Trotter of Chicago.

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