RELEASE: ALÓJICA COMPLETES THE ACQUISITION OF THE MARRIOTT PUERTO VALLARTA RESORT

MEXICO CITY, September 29, 2023 /PRNewswire/ -- Black Creek Mexico ("BCM") is pleased to announce that companies affiliated with Alójica, an investment platform sponsored by BCM, have completed the acquisition of the Marriott Puerto Vallarta Resort

"All-inclusive resorts are among the fastest-growing hotel asset classes globally and in Mexico in particular. We are very excited to join forces with Marriott International to accelerate their vision for All-Inclusive by Marriott," said Marta Molina. -Seal, Managing Partner of Alójica. "Along with the Westin Resort

Located in the vibrant destination of Puerto Vallarta and overlooking the picturesque Banderas Bay, the Marriott Puerto Vallarta Resort

"The acquisition of Alojica marks an exciting time for Marriott as we continue to focus on transforming the all-inclusive segment in the Caribbean and Latin America," said Brian King, President of the Caribbean and Latin America region of Marriott International. "Travelers crave immersive, personalized and worry-free experiences, so Marriott has been meeting customer demand with innovative, high-end all-inclusive products that cater to guests looking to relax and enjoy our properties and explore local cultures." going beyond the hotel facilities. We were impressed with the vision of Black Creek Mexico and Alójica and are excited to work alongside them as they bring to life the evolution of the Marriott and the Westin Puerto Vallarta."

About Black Creek Mexico

Black Creek Mexico is a leading real estate investment management company in Mexico. Since 1996, BCM affiliated investment platforms have developed, acquired and operated more than 175 industrial, commercial, residential and rental housing properties in Mexico, in investments exceeding USD $3 billion in added value. The company seeks to generate attractive returns for its partners with an emphasis on risk management and with a focus on investments at scale in strategies supported by secular trends. The company has offices in Denver, Colorado and Mexico City, as well as a vertically integrated business model that combines local execution capacity with an institutional platform for investment management.

About Alójica

Alójica is a real estate investment management platform backed by Black Creek Mexico that focuses exclusively on hotel and tourism investments in Mexico. Alójica adopts an institutional approach to the comprehensive management of hotel investments and related assets, with the objective of driving the long-term value of said properties through a strategic focus on the management and optimization of hotel assets. The company continues to actively seek investment opportunities in hotels with an institutional profile in the main hotel markets in Mexico.

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