Barcelo finalizes the takeover of Occidental Hoteles

2 min reading time

Published on 04/08/15 - Updated on 29/06/23

Occidental Grand Xcaret Resort

With the acquisition of 100% of the group's shares, the Spanish group gained control over a portfolio of 11 hotels and 4,011 rooms in Latin America and the Caribbean.

Announced in June 2015, the operation was approved by Mexican competition Authorities. The group Barcelo Hotels & Resorts, which had already acquired 42.5% of shares in Occidental Hoteles in May, took control over the remaining 57.7% to become the sole owner of the Mexican operator. The acquisition was made through the bank BBVA.

Barcelo thus strengthens its presence in Latin America and the Caribbean, while Occidental Hoteles is the owner of a portfolio with 11 hotels and 4,011 rooms: six of which are in Mexico, two in the Dominican Republic, two in Costa Rica and one in Aruba. The group also operates two other hotels in a management contract in Colombia and in Haiti.

The new owner is currently studying the implementation of a major renovation program for the properties in question, where works could require an investment between 120 and 150 million dollars (between 109 and 136 million euros). Moreover, the group wishes to review the positioning of Occidental Hoteles's brands to integrate them into its network.

As of January 1, 2015, Barcelo was the 18th European hotel group in terms of number of rooms with 15,469 units in 60 properties according to MKG Hospitality, consulting group founded by Georges Panayotis (read our report). With this acquisition, it could climb a bit in the global ranking.

Also read:



  • Barcelo has a new hotel in Mexico
  • Barcelo about to control 100% of the Mexican Group Occidental Hoteles




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Barcelo Hotels

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  • Barcelo Hotels Spain
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