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Hyatt hotel in Costa Rica to become JW Marriott all-inclusive resort

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Hyatt hotel in Costa Rica to become JW Marriott all-inclusive resort
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Tarah Chieffi Senior writer | The Points Guy

JW Marriott is expanding its presence in the all-inclusive resort market with a new venture in Costa Rica. Mullen Real Estate Capital announced that it will transform an existing Hyatt property into a JW Marriott all-inclusive resort, located in Costa Elena, Guanacaste. The conversion will include 415 updated rooms, 11 bars and restaurants, a 16,000-square-foot spa, and 17 swimming pools.

The current Dreams Las Mareas Costa Rica will exit the Hyatt Inclusive Collection portfolio on March 30, with no bookings available from July 2025. Uriel Burak, Marriott International's vice president of development for the Caribbean and Latin America (CALA), stated: "We are thrilled to expand our presence in Costa Rica with the introduction of one of the first JW Marriott All-Inclusive Resorts."

This collaboration marks a strategic partnership between Marriott and Mullen Real Estate Capital. Jeff Mullen, president and CEO of Mullen Real Estate Capital, expressed enthusiasm for the project: "MREC is thrilled to embark on this exciting collaboration with Marriott International and JW Marriott."

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Mullen Real Estate Capital has a history in the all-inclusive sector, having previously founded Apple Leisure Group before its acquisition by Hyatt in 2021. This new venture could signal more potential reflags for Mullen Real Estate Capital.

Marriott has been integrating its brands into the all-inclusive market recently, including openings in Mexico and the Dominican Republic. The first W all-inclusive resort is set to open soon in Punta Cana.

The Points Guy reached out to Hyatt and Mullen Real Estate Capital for further comment but did not receive a response before publication.

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