Marriott International Signs Agreement with Mullen Real Estate Capital to Debut a JW Marriott All-Inclusive Resort in Costa Rica

Core Insights - Marriott International is set to introduce a JW Marriott All-Inclusive resort in Costa Elena, Costa Rica, with conversion beginning in July 2025 and expected opening in Spring 2026 [1][2] - The resort will feature 415 guest rooms, 11 food and beverage outlets, and extensive water amenities including 17 swimming pools, emphasizing luxury and wellness [2][3] - This project marks a strategic collaboration with Mullen Real Estate Capital, aiming to redefine luxury all-inclusive experiences in the Caribbean and Latin America [2][4] Company Developments - Marriott has recently opened its 50th luxury hotel in Costa Rica, the Ritz-Carlton Reserve, and signed 10 new deals in 2024, adding 1,086 rooms to its development pipeline [5] - The total development pipeline in Costa Rica now includes 15 properties with a total of 1,776 rooms, indicating strong growth in the region [5] - Marriott currently operates 22 properties across 15 brands in Costa Rica, with more openings anticipated in 2025 [5] Market Positioning - The JW Marriott All-Inclusive resort will be positioned within an exclusive resort-residential community, enhancing its appeal to luxury travelers [3] - Future plans may include the introduction of JW Marriott branded residences, further expanding the luxury offerings in the area [3] - Mullen Real Estate Capital aims to leverage its expertise in the all-inclusive sector to create new opportunities and set benchmarks in the hospitality industry [4][9]