A famous newly built hotel in Punta Cana is for sale

Playa Hotels & Resorts will sell the Jewel Palm Beach luxury Resort in Punta Cana, Dominican Republic, for USD 68 million.

However, the sale agreement is still subject to customary conditions, so the Hotel chain has stated that it offers no guarantees that the sale will be completed. Playa Hotels & Resorts expects the transaction to be completed during the third quarter of the year.

Jewel Palm Beach opened its doors nearly two years ago, the first Hotel of the Jewel Resorts brand in the Dominican Republic. The hotelier’s portfolio includes 25 resorts with 9,127 rooms in Mexico, Jamaica and the Dominican Republic.

As reported by REPORTUR.mxMarriott announced an alliance with Hotel operator Playa Hotels & Resorts to add a new Hotel in the Mexican Caribbean: Paraíso de la Bonita, a Luxury Collection Adult All-inclusive Resort, Riviera Maya. The Resort, which will open its doors in late 2024, will have 100 suites and will be located on nearly six hectares of lush natural landscape, nestled between a mangrove reserve and the Mexican Caribbean. (Riviera Maya: Marriott and Playa Hotels to open Paraíso de la Bonita).

“We are delighted to expand The Luxury Collection’s presence in Mexico and could not think of a better company to do so with than Playa Hotels & Resorts,” said Laurent de Kousemaeker, Chief Development Officer of Marriott International in the Caribbean and Latin America.