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.

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“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.

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