Playa Hotels & Resorts has acquired the
582-room Occidental Grand Flamenco Puerto Plata Resort and the
540-room Occidental Allegro Punta Cana Resort, both all-inclusive
resorts in the Dominican Republic.
Playa purchased the
hotels from Occidental Hotels & Resorts for an undisclosed
amount.
Playa Hotels &
Resorts, a Spanish private equity fund founded in 2006, has
acquired a total of 12 properties in Mexico and the Dominican
Republic with the addition of these two most recent
acquisitions.
The Occidental
Grand Flamenco Puerto Plata Resort is located within a resort
complex of the same name on Playa Dorada beach. The hotel will be
renamed the Barcelo Puerto Plata Hotel and will be rebranded as a
Barcelo Premium level hotel.
The Occidental
Allegro Punta Cana Resort will be operated by AMResorts and
rebranded as the Sunscape Punta Cana Dominican Republic.
Playa is in active
negotiations to acquire several additional hotels as well as land
for the development of all-inclusive resorts in Mexico, the
Dominican Republic, Costa Rica and Panama, the company said in a
statement.
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Michelle Baran at [email protected].