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SOURCE AJ Capital Partners
CHICAGO, Feb. 20, 2013 /PRNewswire/ -- Adventurous Journeys Capital Partners (AJ Capital Partners) today announced that it has acquired the renowned Malliouhana Hotel & Spa located in Anguilla. The new ownership group plans to make significant improvements and has retained luxury hotel developer and operator Auberge Resorts to lead the renovation and repositioning of the resort.
"Malliouhana has a storied history as one of the most exclusive destinations in the Caribbean. We are thrilled to reintroduce the property to the thousands of guests who already have terrific memories there and to those guests who will make new ones at Malliouhana," said Ben Weprin, Founder and CEO of AJ Capital Partners. "The unique character and charm of the property will be celebrated and enhanced to provide a sophisticated and relaxed experience. The Government of Anguilla and the Roydon Family have been tremendously supportive in allowing us the opportunity to own and operate this distinctive property."
"Malliouhana has been the flagship of Anguilla luxury tourism product and was the first five-star luxury hotel in Anguilla," said the Hon. Haydn Hughes, Parliamentary Secretary for Tourism, Anguilla. "We are confident that AJ Capital Partners will not only revive this hotel, but exceed the lofty heights which it attained in the 1980s and 1990s. I speak on behalf of the people of Anguilla as the elected leader and look forward to a long and fruitful relationship with these highly acclaimed developers."
"The Malliouhana was built by my father, Leon Roydon, and has been in our family's care for a generation," said Nigel Roydon, who previously served as the hotel's general manager. "It has been an honor and a pleasure to work alongside my father to manage the resort, which represents such a special gathering place for so many. We are pleased that it will be cared for by new families who have thoughtful plans for its future operation."
A landmark resort in the Caribbean, the 55-room Malliouhana sits high on a prime 20-acre beachfront site overlooking Meads Bay and Turtle Bay. The resort features one of the finest natural beaches in arguably the most exclusive and highest barrier-to-entry islands of the Caribbean. Accommodations range from spacious guest rooms starting at 700-square-feet in size to private beachfront villas. Amenities include two restaurants, a 15,000-square-foot spa and extensive fitness facilities.
The sellers were advised by Rick Newton of Resort Capital Partners.
About AJ Capital Partners
Adventurous Journeys Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The company's mission is to achieve optimal risk adjusted returns for its investors who are seeking long-term capital investments. The group develops, owns, and operates commercial and hospitality assets and businesses throughout the United States, Mexico, and the Caribbean including the renowned Isle De France Hotel located on St. Barth's. AJ Capital Partners continues to grow its portfolio of luxury lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information, please visit http://www.ajcapitalpartners.com/portfolio.php
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