June 16, 2021

Aimbridge Hospitality expands Caribbean presence with 6 resorts [inc Cayman’s Grand Hyatt]

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Nation’s Largest Hotel Management Company Makes Waves With Addition of Hot New Caribbean Resorts

DALLAS, TX – Aimbridge Hospitality, the nation’s largest independent hotel management company, is heating up its international portfolio with the addition of six Caribbean resorts. 

The new Caribbean resorts now under Aimbridge Hospitality management include:

  • Curaçao Marriott Beach Resort & Emerald Casino, Curaçao;
    After undergoing a complete rebuild, the property is set to reopen in fall 2019.
  • Grand Hyatt Grand Cayman Hotel & Residence, Cayman Islands;
    The resort is currently under construction with opening scheduled for Fall 2021.
  • Margaritaville Beach Resort at The Pointe, Nassau, Bahamas;
    This new build resort is set to open in June 2020.
  • Hyatt Regency Coco Beach, Puerto Rico;
    The beachside family-friendly resort reopened in August 2019.
  • Marriott Frenchman’s Reef, St. Thomas;
    One of two St. Thomas properties in Aimbridge’s portfolio, the resort is currently undergoing construction and set to open in Spring 2020.
  • Autograph Collection Morning Star Marriott Beach Resort, St. Thomas;
    Adjacent to Marriott Frenchman’s Reef, this resort is currently undergoing construction and anticipates opening in Spring 2020.

Aimbridge-managed luxury resort Renaissance St. Croix Carambola Resort & Spa is also undergoing renovations and is set to open in Spring 2020.

“The acquisition of these resorts is a great expansion for our Caribbean portfolio ,” said Dave Johnson, Chairman and CEO at Aimbridge Hospitality.“The devastation from the 2017 hurricanes has produced a tremendous opportunity as newly renovated and revamped assets look to relaunch and reposition back into the marketplace.”

With the acquisition of these properties, Aimbridge Hospitality now represents nine resorts on eight Caribbean islands with immediate plans to continue expanding. Aimbridge Hospitality is also planning to add an additional 10-12 Caribbean resorts in the pipeline for 2019 and 2020.

About Aimbridge Hospitality

Aimbridge Hospitality is the nation’s largest independent hotel investment and management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas and with development offices in Dallas, San Clemente, Chicago and Puerto Rico, Aimbridge currently owns and/or manages over 800 upscale, independent and branded hotels with nearly 100,000 rooms across the United States, Canada and the Caribbean, including such affiliations as Marriott, Hilton, Hyatt, IHG, Wyndham and Choice Hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.

CONTACT

Tanner CulbertsonMCA Group
Phone: +1 214 654 0402

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