Palace Resorts will assume ownership of the 730-room Sunset Jamaica Grande in Ocho Rios, Jamaica, on July 7, and will close it on Sept. 1 for renovations.
The resort will reopen as the Moon Palace Jamaica Grande in early 2015.
"When we designed our strategic five-year growth plan, we listed several destinations as priorities, and Jamaica was at the top of that list," said Gibran Chapur, executive vice president for Palace Resorts.
"We believe Jamaica is the most important tourism destination in the Caribbean, and we found the Sunset Jamaica Grande to be the perfect opportunity for us to enter this market."
Palace Resorts currently owns and operates seven properties in Mexico, including the Moon Palace Golf & Spa Resort, Cancun.
Sunset Resorts has three other properties in Jamaica: two in Montego Bay and one in Negril.
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