Tribal owned Wind Creek Hospitality has purchased two resorts in the Caribbean for an undisclosed figure, with both properties set to continue to operate under the Renaissance Hotels brand.
Alabama-based Wind Creek Hospitality (WCH), operated by the Poarch Band of Creek Indians, the state’s only federally recognised tribal entity, has purchased the Aruba Renaissance Resort and Casino and the Curacao Renaissance Resort and Casino for an undisclosed figure.
The resorts are situated in downtown Oranjestad, the capital of Aruba, and adjacent to the port and downtown Willemstad, the capital of Curacao.
Both properties will continue to operate under the Renaissance Hotels brand – owned by Marriott International – and all team members are expected to remain in place.
“I know our guests will love being able to travel to two of the best Caribbean destinations as part of our Wind Creek Rewards program,” said Tribal chairwoman Stephanie Bryan.
“We look forward to being part of the communities in Aruba and in Curacao.”
The Renaissance Aruba Resort and Casino offers two hotels with 431 rooms; two casinos; two shopping malls; a spa; and a range of dining and hospitality options, along with 22,000 sq ft of event space.
Meanwhile, the Renaissance Curacao Resort and Casino offers 237 rooms and suites; a beach club; and an open-air shopping mall, alongside a variety of boutiques, cafés, bars and restaurants.
The sale was brokered by CBRE Hotels, while DLJ Real Estate Capital Partners, a New York- based private equity real estate firm, sold the assets to an affiliate of WCH.
“This was a large and complex transaction, since both properties included several operating components in addition to hospitality,” stated Paul Weimer, VP of CBRE.
“This required us to find a non-traditional buyer who was comfortable with gaming, retail, timeshare and hospitality, and able to close in two foreign jurisdictions.”
WPH operates three gaming facilities on the tribe’s reservation in Alabama in addition to race- tracks in Alabama and Florida.
The Poarch also manage the Wa She Shu Casino in Gardnerville, Northern Nevada for the Washoe Tribe.