The nine-story property is connected via skywalk to Benito Juarez International Airport, Latin America's busiest airport, which is undergoing a $350-million expansion. The hotel will be re-branded as a Camino Real hotel.
"The airport market has been very stable and performed extremely well relative to other Mexican destinations," says JLL vice president Christian Charre. "Having a 600-room hotel at the airport with direct air-bridge connection is a strategic acquisition for the owner …, which has aggressive growth plans for Mexico."
Camino Real Hotels and Resorts is 16-hotel chain owned by Grupo Empresarial Angeles, a Mexican-owned company with holdings in retail, hospitality, parking and healthcare. Grupo Empresarial Angeles acquired the hotel chain in 2000, and the next year began a $40-million renovation of its hotels so the brand could "reclaim its place as Mexico's leading luxury hotel brand."
The hotels are located in metropolitan, resort and colonial settings in Acapulco, Cancun, Huatulco, Puerto Vallarta, Guadalajara, Mexico City, Saltillo, Loreto, Villahermosa, Tuxtla Gutierrez, Tijuana, Cuernavaca, Oaxaca, Puebla and El Paso, TX. According to the company's website, four additional Camino Real hotels will open this year in Mexico cities of Guadalajara, Pedregal, San Luis Potosi and Nuevo Laredo.
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