JLL brokers sale of the JW Marriott Mexico City

An affiliate of Walton Street Capital recently purchased the JW Marriott Mexico City. Photo credit: Marriott International

On behalf of Host Hotels & Resorts and Marriott International, JLL Hotels & Hospitality arranged the sale of the JW Marriott Mexico City, located in Mexico City’s Polanco district. An affiliate of Walton Street Capital purchased the hotel.

The hotel changed hands for $183 million, or $587,000 per key, James F. Risoleo, president, CEO and director of Host Hotels & Resorts said during the company's Q3 earnings call earlier this year. “We held a 52 percent interest in the hotel in a joint venture with Marriott International.”  

Managing director Gregory Rumpel and SVP Carolina Lacerda led the JLL team on the transaction.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

“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,” Lacerda said in a statement. “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.”

The 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 a health club. Marriott International will continue to manage the hotel on behalf of the new owner.

Suggested Articles

During the final day of AAHOA’s online conference, several owners gathered to discuss how their properties are handling the crisis. 

The dual-brand development is located on the Tempe campus of Arizona State University near athletic facilities and the planned multi-sports arena.

Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively.