Hay Creek, Royal Property announces JV in Colombia

Hay Creek Hotels and Restaurants, a division of Denver-based Victory Hotel Partners, has formed a partnership with Colombia-based Royal Property, which owns and operates independent and boutique hotels throughout Central America and the Caribbean. 

The newly formed venture will concentrate on acquisitions and development in Central America and the Caribbean, with a goal of third-party management and joint venture opportunities. 

The hotels that will join Hay Creek’s portfolio are: 

The Charlee Hotel — A 42-suite boutique hotel overlooking Parque Lleras in Medellín. Colombia. The hotel also includes a rooftop bar/lounge with an aquarium-style pool and more than 2,500 square feet of event space and a gym.  

Luxé by The Charlee — Located in a forest in Guatapé, Colombia, the hotel features lake activities, a private beach club and a restaurant. There are plans for cabins along with luxury apartments.  

“Colombia, particularly Medellín, is an extraordinary destination and was recently ranked No. 3 in Forbes list of the world’s best cities for its food and drink, nightlife scene, and remarkable community spirit. With this venture, we are well on our way to becoming the preferred operator in this region and are grateful to Royal Property Group for affording us this opportunity and putting their trust in us,” said Gary Sims, CEO of Hay Creek Hotels and Restaurants. 

Founded in 2005, New York-based Hay Creek Hotels offers technical and third-party management services to boutique hotel owners and developers.  

Royal Property Group was founded in 2006 by Angel Seda and is a full-service brokerage and mixed-use development company focused on business development and investments, brand development and strategic planning.