Holiday Inn Club Vacations Buys Four Royal Resorts
Holiday Inn Club Vacations, a
vacation ownership company and partner of IHG, has acquired four
beachfront resorts in Cancun, Playa del Carmen and the Riviera
Maya, Mexico from Royal Resorts.
The resorts, Holiday Inn Club Vacations’ first properties located outside
of the United States
are The Royal Sands, The Royal Cancun, The Royal Haciendas and
Grand Residences by Royal Resorts.
“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 this announcement -
our first expansion outside the United States,” said Spence
Wilson, Board Chairman, Holiday Inn Club Vacations Incorporated.
“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
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.
Collectively, they will add more than 850 villas
to the company’s growing portfolio of destination resorts.
Once complete, travellers will be able to book the
properties through IHG and enjoy benefits of IHG’s loyalty
program, One Rewards, including the ability to earn and redeem
points for hotel stays.
“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,” said John Staten,
President and Chief Executive Officer, Holiday Inn Club Vacations
Incorporated. “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.”
The acquisition also includes most of Royal
Resorts’ related companies and its corporate operations, and has
already been 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.
The Four Properties to Become Part of Holiday Inn
Club Vacations and IHG:
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 to 8-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
where popular activities 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.
“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,” said Dr. Kemil Rizk, Chief
Executive Officer and President of Royal Resort. “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.”
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