Alojica Completes Acquisition Of The Marriott Puerto Vallarta Resort & Spa

Black Creek Mexico ("BCM") is pleased to announce that affiliates of Alojica, a BCM sponsored investment platform, have completed the acquisition of the Marriott Puerto Vallarta Resort & Spa, from an affiliate of Marriott International, Inc. The 433-room beachfront resort, located in Puerto Vallarta, Jalisco, Mexico, is managed by an affiliate of Marriott International under a long-term Marriott Hotels & Resorts agreement. Alojica plans for the property to undergo a transformational capital improvement plan to convert the property into All-Inclusive by Marriott Bonvoy. Planned improvements include a comprehensive renovation of all guestrooms and the addition of swim-up pool rooms, a reimagination of the food and beverage offerings, and a new master plan to expand and enhance the hotel's pools, spa, fitness, landscaping and other recreational amenities around newly designed public areas.