Playa buys Gran Costa Real resort

2nd Oct 2006

Hotels & Resorts has announced its acquisition of the 357
guestroom Barcelo Costa Cancun Hotel.This is the sixth hotel that Playa
now owns in Mexico.
  The Barcelo Costa Cancun is a Mediterranean style hotel complex on the
sheltered bayside of the Caribbean overlooking Playa Linda. The upscale
hotel is all-inclusive and offers fine dining in a selection of five
restaurants. In addition, guests may enjoy house brand cocktails, water
sports, an air conditioned fitness center, recreational activities, a
children’s program, and live entertainment each evening as part of their
all-inclusive experience. Guests may also choose to add spa services to
their stay for an additional fee at the hotel’s spa facilities. The hotel’s
meeting facilities can accommodate groups of up to 150 people. Playa Hotels
& Resorts plans additional upgrades and refurbishments to the hotel in the
coming months.
  “We are pleased to announce our purchase of this beautiful property in
the heart of Cancun’s thriving resort area,” said Bruce Wardinski, Chairman
& CEO of Playa Hotels & Resorts, S.L. “The Barcelo Costa Cancun fits our
fund’s criteria of acquiring or developing upscale resort properties
throughout Mexico, Latin American and the Caribbean. It is a well-located
hotel with excellent facilities, and under the Barcelo flag we know we will
create a first class experience for guests to enjoy,” added Wardinski.


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