JLL arranges sale of JW Marriott Mexico City
Trophy hotel sale demonstrates market liquidity.
MEXICO CITY, Dec. 12, 2018 – On behalf of Host Hotels & Resorts and Marriott International, JLL Hotels & Hospitality announced that the firm has arranged the sale of the JW Marriott Mexico City, located in Mexico City’s Polanco district. An affiliate of Walton Street Capital, L.L.C. purchased the hotel.
Managing Director Gregory Rumpel and Senior Vice President Carolina Lacerda led the JLL team on the transaction.
“Mexico’s lodging market is increasingly more liquid and continues to attract institutional capital. The JW Marriott Mexico City exemplifies what investors want: a high-quality and strong-performing asset,” says Lacerda. “Demand continues to grow and the property’s location in Polanco, Mexico City’s premier commercial district, remains one of the most sought-after submarkets.”
JW Marriott Mexico City consists of 312 guestrooms, including 44 suites. Amenities include more than 9,000 square feet of meeting space, three food and beverage outlets, an indoor and outdoor swimming pool and health club. Marriott International will continue to manage the hotel on behalf of the new owner.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com