Puerto Rico luxury resort joins the Wyndham system
Rio Mar Beach Golf Resort & Spa to be re-branded the Wyndham Rio Mar – A Wyndham Grand Resort as of May 10
Parsippany, New Jersey, USA (March 22, 2007) – Wyndham Worldwide Corporation today announced joint transactions whereby it will invest in and manage the 600-room luxury Rio Mar Beach Golf Resort & Spa in Rio Grande, Puerto Rico, under the Wyndham brand and develop an adjacent 26-acre tract as a Wyndham Vacation Ownership timeshare resort.
Wyndham Hotel Management Inc will operate the resort – currently a Westin – under a 20-year agreement. The hotel will remain a Westin until May 10 when it will be re-flagged as the Wyndham Rio Mar – A Wyndham Grand Resort. Wyndham Vacation Ownership expects to develop and market luxury timeshare units on the adjacent tract over the next several years.
The Wyndham Rio Mar is situated on 500 acres along a mile-long section of tropical beach adjacent to the Caribbean National Rain Forest of El Yunque and the Mameyes River. It features 48,000 square feet of function space; a 7000-square-foot casino; two world-class, 18-hole golf courses; 7000-square-foot spa and fitness centre; 11 restaurants, lounges and entertainment venues; tennis centre; watersports centre; and two beachfront pools.
As a result of these transactions, Rio Mar Associates plans a multi-million-dollar redevelopment, including a complete overhaul of the casino and an upgrade of the golf courses, hotel lobby and guest rooms. Each room will be equipped with signature brand elements designed by the acclaimed architecture firm Michael Graves & Associates.
The work will bolster capital improvements completed during the last two years, including construction of the Mandara Spa and fitness centre, guest room renovations, enhancement of the pool deck, improved access to the property’s semi-private beach and the addition of private cabanas.
“We are proud to welcome the Wyndham Rio Mar to our collection of high-quality Wyndham properties,” said Steven A Rudnitsky, Wyndham Hotel Group president and chief executive officer, adding that the Wyndham Rio Mar represents the largest single addition to the brand since 2005.
Franz Hanning, Wyndham Vacation Ownership president and chief executive officer, said the development of timeshare facilities at Rio Mar during the next few years will create an “exciting, new destination for Wyndham timeshare owners in the highly popular Caribbean market.
“We are committed to expanding the Wyndham Vacation Ownership system of timeshare resorts throughout the world to provide our owners with the broadest choice of high-quality vacation opportunities in the most desirable and exciting locations, including this beautiful resort in Puerto Rico.”
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