Tuesday, May 09, 2006
Aruba Wyndham Hotel Becomes Westin Timeshare Resort
The ownership of the Wyndham Hotel has been transferred to Belfonti Capital Partners LLC from the United States, who entered into a partnership with Starwood Vacation Club. The latter has the rights to build timeshare units on the property immediately next to the Wyndham Hotel. They have decided to start immediately with the build of the new timeshare units.
It was rumored for weeks already that the hotel was going to be sold, but the involved parties didn’t want to give any comment as long as the acquisition was not really done. That was the case yesterday. They also announced that Starwood Hotels & Resorts Worldwide will exploit the hotel. Also the name Wyndham will disappear as per immediate. 20 Million dollars will be used to improve the surrounding buildings and properties before the end of this year. One of the reasons is that the new owner wants to turn the complex into a Westin Resort, one of the leading timeshare chains in the tourist industry. Meanwhile they will use the name Aruba Resort, Spa & Casino.
Manager Rob Smith is pleased with the investment. “The new owners are planning to convert the resort into one of the most prominent timeshare resorts in Aruba and a leader in the Caribbean”, says Smith. Alfonso Riveroll, top executive of Aruba Hotel Enterprises will keep his job.
It was rumored for weeks already that the hotel was going to be sold, but the involved parties didn’t want to give any comment as long as the acquisition was not really done. That was the case yesterday. They also announced that Starwood Hotels & Resorts Worldwide will exploit the hotel. Also the name Wyndham will disappear as per immediate. 20 Million dollars will be used to improve the surrounding buildings and properties before the end of this year. One of the reasons is that the new owner wants to turn the complex into a Westin Resort, one of the leading timeshare chains in the tourist industry. Meanwhile they will use the name Aruba Resort, Spa & Casino.
Manager Rob Smith is pleased with the investment. “The new owners are planning to convert the resort into one of the most prominent timeshare resorts in Aruba and a leader in the Caribbean”, says Smith. Alfonso Riveroll, top executive of Aruba Hotel Enterprises will keep his job.
# posted by John @ 4:43 AM 
