Iberostar INVESTS $100 MILLION IN Iberostar CANCUN, NEW HOTEL FOR THE BRAND IN THE MEXICAN CARIBBEAN
Leading Spanish Hospitality Brand Expands Portfolio with Acquisition and Renovation of the Beachfront Hilton Cancun Hotel
Iberostar Hotels & Resorts, a leading Spanish hospitality brand, continues its strategic plan to expand internationally with its acquisition of the beachfront Hilton Cancun Hotel in Mexico, to be renamed Iberostar Cancun. The cost of the initiative, including purchase and renovation, is over $100 million. Effective today, the five-star hotel complex located in Cancun is officially owned by Iberostar and marks the brand’s ninth property in Mexico.
The new Iberostar Cancun, a beachfront hotel with 426 fully-equipped rooms and villas, includes 16 junior suites, four master suites, two villa beach suites, and a presidential suite. Guests can enjoy the hotel’s seven infinity pools, perfectly integrated into the surrounding gardens, in addition to a professional soccer field, two tennis courts, a luxurious spa, gym and beauty salon, among other services and amenities. It is the only hotel in Cancun with an 18-hole golf course - the perfect setting for guests to practice their swing with sweeping views of the Caribbean Sea.
The hotel complex has a nearly 49,000 square-feet Convention Center, which is dividable into 22 different meeting space configurations. Over 60,000 square-feet of outdoor areas for events and social activities is also available.
Hilton will continue operating the hotel until it officially closes for renovations in August. The hotel, under the name Iberostar Cancun, is set to reopen on December 1st as an all-inclusive property.
"This investment is another step towards strengthening our presence in the Caribbean and a decisive commitment to top quality hospitality," said Miguel Fluxá, President of the Iberostar Group. He added, "Mexico is our priority market and the acquisition and renovation of Iberostar Cancun perfectly complements the brand’s offerings there."
Renovations include refurbishing the main lobbies, the hotel lobby bar and building new terraces around the pools. In line with Iberostar’s exquisite culinary offerings, property updates will also include a new Gran Buffet and four specialty restaurants: gourmet, Japanese, steak house and Mexican. To further enhance activities and entertainment for its guests, future updates may also include the construction of a new stage/amphitheatre for shows, in addition to a kid’s "Star Camp" water park and a "Teenieclub" for youths. The renovations align with Iberostar’s fundamental pillars of superior service, cuisine and entertainment.
The Iberostar Cancun becomes part of the more than 100 hotels in the Iberostar portfolio which now includes 18 properties in Mexico and the Caribbean, reflecting the solid international expansion of Iberostar Hotels & Resorts. Iberostar is committed to growing in new destinations as well as increasing its presence in countries where it already operates, such as Mexico, where the chain owns eight other hotels.