ORLANDO,
Fla., May 23, 2023 /PRNewswire/ -- Holiday Inn
Club Vacations Incorporated, a leading vacation ownership company
and partner of IHG® Hotels & Resorts (IHG),
announced today that it has acquired four scenic beachfront resorts
located in Cancun, Playa del
Carmen and the Riviera Maya, Mexico from Royal Resorts®, a
pioneer in the Mexican Caribbean tourism industry. The acquisition
also includes most of Royal Resorts' related companies and its
corporate operations. These resorts will be Holiday Inn Club
Vacations Incorporated's first properties located outside
the United States, further
broadening Holiday Inn Club Vacations' and IHG's resort footprint
and providing guests with increased choice in leisure
destinations.
The four award-winning, family-friendly resorts acquired by
Holiday Inn Club Vacations Incorporated – The Royal
Sands®, The Royal Cancun®, The Royal
Haciendas® and Grand Residences by Royal
Resorts® – collectively will add more than 850
villas to the company's growing portfolio of destination resorts.
The company expects it will take approximately one year to fully
integrate the resorts, and during this process, the resorts will
continue to operate normally.
Once complete, IHG Hotels & Resorts customers will be able
to book these properties through IHG and enjoy benefits of IHG's
loyalty program – IHG One Rewards – including the ability to earn
and redeem points for hotel stays. These properties will join IHG's
global network of 18 brands and more than 6,000 hotels globally,
adding stunning family travel destinations to IHG's growing brand
portfolio.
John Staten, President and
Chief Executive Officer, Holiday Inn Club Vacations
Incorporated, stated: "We couldn't be more excited about this
news and what it means for Holiday Inn Club Vacations, and most
importantly, the families that travel with us. This acquisition is
aligned with our growth roadmap where growing guest love and our
resorts are two interconnected foundational pillars supporting our
all-encompassing mission to be the most loved brand in family
travel. With four incredible resorts located throughout one of the
fastest growing family travel destinations in the world – the
scenic Mexican Caribbean – the acquisition brings an entirely new,
all-inclusive experience to our owners, Club members and
guests."
Keith Barr, Chief Executive
Officer, IHG Hotels & Resorts, said: "Guests around the
world will now have even more exciting choices to add to their
travel plans while also enjoying the rich benefits of our IHG One
Rewards program for their current and future stays. The addition of
these award-winning resorts also demonstrates the strength of the
Holiday Inn brand family and, certainly, founder Kemmons Wilson's unwavering vision to create a
better way to vacation lives on today."
Spence Wilson, Board Chairman,
Holiday Inn Club Vacations Incorporated, commented: "Since my
father started Holiday Inn Club Vacations more than 40 years ago,
there have been many significant growth milestones along the way.
Few can top today's announcement—our first expansion outside
the United States. I am incredibly
proud of our team and look forward to a future that is brighter and
even more exciting as we welcome the Royal Resorts team and their
owners, members and guests into our family."
Dr. Kemil Rizk, Chief
Executive Officer and President of Royal Resorts, added: "We
believe that it is a perfect fit, and we could not ask for a better
partner to continue our legacy since welcoming our first guests in
1978. Like us, Holiday Inn Club Vacations is a pioneer company with
a family-oriented resort collection and a reputation for
outstanding service and quality. Holiday Inn Club Vacations is
dedicated to providing memorable vacation experiences for families
– something that aligns perfectly with the Royal Resorts mission
and values, our points based and fixed week vacation ownership
memberships and our team's everyday commitment to quality
service."
The transaction was reviewed and received approval from the
Anti-Trust Commission (Comisión Federal de Competencia Economica,
COFECE) of the Mexican government. As part of a separate agreement,
Tortuga Resorts UK Limited is acquiring the entities which own and
operate the remaining Royal Resorts properties – The Royal
Islander® and Royal
Uno® All Inclusive Resort & Spa.
About the award-winning resorts Holiday Inn Club Vacations
Incorporated is acquiring from Royal Resorts
The Royal
Sands
Located in Cancun,
the 17-acre resort has 340 two-bedroom villas, three pools and a
children's pool, four restaurants, three bars, a fitness center,
spa, supervised kids club, activity center, a lagoon-side marina
for sailboats and kayaks, a resort store, coffee shop and an
on-site travel agency, along with beach access.
The Royal Cancun
Located on Cancun's north shore with views out over the
bay and Isla Mujeres, the
7-plus-acre resort has 201 two-bedroom villas and two pools, two
full-service restaurants and two bars. It also has a fitness
center, tennis courts, activity center and supervised kids club
along with a travel agency, convenience store and gift shop. The
resort has access to a beach that is perfect for children. Other
popular activities at the resort are snorkeling, sail boating and
kayak trips.
The Royal Haciendas
Located in the Riviera Maya, five
minutes to the north of Playa del Carmen, the 23-plus acre resort
has 252 two-bedroom villas with whirlpool tubs on the private
balconies and features four pools, four full- service restaurants
and five bars. It also has a spa, fitness center, beauty salon,
dive center, travel agency, activity center, supervised kids club,
children's pool with an aqua play area, four large whirlpool tubs
on the pool deck, tennis courts and a convenience store. The resort
is nestled on the shores of a bay in the CoraSol resort community
and is within walking distance of a golf course.
Grand Residences by Royal Resorts
Also located to the
south of Cancun in the tranquil
waterfront village of Puerto
Morelos, Grand Residences by Royal Resorts offers beachfront
luxury. The 13-plus acre resort has 62 villas with two, three or
four bedrooms. The spacious, elegantly furnished units have
tropical hardwood furniture, state-of-the-art appliances and
amenities, private terraces, spa bathrooms and jacuzzies. Some
larger units even have private plunge pools and gardens. The resort
features four pools, two restaurants, a beach grill and bar, pool
bar, a lobby bar café, fitness center, spa, daily activities,
supervised kids club, tennis courts and a gourmet food market.
A brief video overview of the resorts Holiday Inn Club Vacations
is acquiring can be found here.
About Holiday Inn Club Vacations Incorporated
Encompassing resorts across the United
States and the Mexican Caribbean, Holiday Inn Club Vacations
Incorporated is a resort, real estate and travel company with a
mission to be the most loved brand in family travel by delivering
easy-to-plan, memorable vacation experiences that strengthen
families.
Based in Orlando, Fla., the
company has been a leader in the vacation ownership industry since
1982, when Holiday Inn® founder Kemmons
Wilson debuted the company's flagship property, Holiday Inn
Club Vacations® at Orange Lake Resort, next to Orlando's Walt Disney World® Resort.
Today, the Holiday Inn Club Vacations resort portfolio spans
across the United States, and into
the Mexican Caribbean, with the company's international expansion
in May 2023. Throughout its history,
the company has maintained the core family values true to its
founding Wilson family, while aggressively pursuing growth,
transforming its member engagement model and building an
industry-leading team passionate about the guest
experience.
About Royal Resorts
Founded in 1975 in Cancun, Royal Resorts® is a pioneer company in
Mexican Caribbean tourism and in
the international vacation ownership industry. It has been
welcoming visitors since 1978 to its resorts in Cancun and the Riviera Maya where families
enjoy a perfect combination of beach beauty, exceptional guest
services and hallmark hospitality. Spacious villas are equipped
with everything they need for their stay, and they enjoy a wealth
of resort amenities for an unforgettable vacation, including daily
activities for all ages, kids clubs, non-motorized water sports,
pools, gyms and spas and a varied dining scene.
Each resort has its own charm and character, and all have a
family ambiance and a spirit of community, with friendships forged
between members and employees over the years. The two Riviera Maya
resorts – The Royal Haciendas and Grand Residences – have
architectural designs and elements that take their inspiration from
Mexico's grand old haciendas. For
more information, visit www.royalresorts.com.
About IHG Hotels & Resorts
IHG Hotels &
Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality
company, with a purpose to provide True Hospitality for Good.
With a family of 18 hotel brands and IHG One Rewards, one of the
world's largest hotel loyalty programmes, IHG has over 6,000 open
hotels in over 100 countries, and more than 1,800 in the
development pipeline.
- Luxury & Lifestyle: Six Senses Hotels Resorts Spas,
Regent Hotels & Resorts, InterContinental Hotels & Resorts,
Vignette Collection, Kimpton Hotels & Restaurants, Hotel
Indigo
- Premium: voco hotels, HUALUXE Hotels & Resorts,
Crowne Plaza Hotels & Resorts, EVEN Hotels
- Essentials: Holiday Inn Hotels & Resorts, Holiday
Inn Express, avid hotels
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn
Club Vacations, Candlewood Suites
- Exclusive Partners: Iberostar Beachfront Resorts
InterContinental Hotels Group PLC is the Group's holding company
and is incorporated and registered in England and Wales. Approximately 325,000 people work
across IHG's hotels and corporate offices globally.
Visit us online for more about our hotels and
reservations and IHG One Rewards. To download the new IHG One
Rewards app, visit the Apple App or Google
Play stores.
For our latest news, visit our Newsroom and follow us on
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Media Contact:
Ashley Pipa, Holiday Inn Club
Vacations
407.315.8866
apipa@holidayinnclub.com
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SOURCE Holiday Inn Club Vacations