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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."
