WYNDHAM ALLTRA OPENS IN THE DOMINICAN REPUBLIC: Wyndham has expanded its all-inclusive portfolio with the opening of Wyndham Alltra Samana in the Dominican Republic. Located in the Las Galera town in the Samana province, the hotel is managed by Playa Hotels & Resorts. The resort features 404 rooms and suites with private balconies and garden views, nearly a dozen restaurants, a pool, spa and a fitness center. The hotel will soon add a new water park and 620 suites with private swim outs, private balconies and two-bedroom spaces. The property marks Wyndham Alltra’s first resort in the Dominican Republic, where Wyndham Alltra plans to open Wyndham Alltra Punta Cana, also managed by Playa. The two resorts will add to Wyndham’s all-inclusive footprint, which currently has 40 resorts globally.
DOUBLETREE BY HILTON MONTREAL SELLS: Artifact Group, the Canada-based hospitality management company, has completed its joint venture acquisition of DoubleTree by Hilton Montreal from Pandox. Located in downtown Montreal’s Entertainment District, the newly refurbished hotel offers 595 rooms, two dining venues, a fine dining restaurant, an indoor pool, a spa, fitness center and 45,600 square feet of event space. The acquisition marks Artifact’s second partnership with Hilton, following the acquisition and rebranding of the Vogue Hotel Monetreal Downtown, Curio Collection by Hilton in 2020. In February, Pandox announced that it had entered into an agreement to sell the hotel for CA$80 million (US$58 million). Pandox acquired the hotel in 2008 and has developed it in stages. The sale will help Pandox realize value and free up their capital for investments with higher return potential in their home markets.Â
PARK HYATT ZURICH TRADES: A joint partnership between Trinity Investments, funds managed by Oaktree Capital Management, and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business, has acquired Park Hyatt Zurich. The hotel was purchased from an affiliate of Hyatt Hotels. The 138-room luxury hotel will continue to operate as Park Hyatt Zurich, as part of a long-term management with Hyatt. Occupying a prime island plot in the city’s central business district, the hotel offers three dining options, a fitness center, 880 square meters of event space and an underground parking space. The hotel’s around 4,000 square meters of office space is included in the acquisition. The deal is Trinity’s third hotel acquisition from Hyatt, the seventh globally with Oaktree and the second globally with UBS Asset Management. The hotel marks Trinity’s entry into Europe and extends its relationships among the three companies.
ALIGNED HOSPITALITY’S NEW MILESTONE: Aligned Hospitality Management, the third-party hotel management company, has achieved a milestone by adding its 25th property to its portfolio. Aligned has been selected to manage The M Solvang in Solvang, Calif., marking the company’s venture into the California market. The 24-room M Solvang, which is located in the Santa Barbara wine country, opened as an apartment building in 1950 under Mr. and Mrs. Hansen. The property transformed into a motel in 1953. The M Solvang joins a collection of boutique hotels in Aligned Hospitality’s portfolio, which includes the Tuxon in Tucson, Ariz., The Alice in Tucson, Ariz. and The Sedona Collection in Sedona, Ariz.