Anonymous - 12-27-2003 at 04:24 PM
http://tinyurl.com/yvox8
Dallas-based JTL Capital, LLC announced today that it has closed on its purchase of Las Ventanas al Paraiso located in Los Cabos, Mexico. In
conjunction with the purchase, Rosewood Hotels & Resorts, the premier manager of ultra-luxury resorts throughout the world, announced it has entered
into a long-term contract to continue management of the resort. Rosewood Hotels & Resorts launched Las Ventanas in July 1997 and quickly established a
new standard in the luxury resort market. Mr. Tim Barton of JMJ Development represented both buyer and seller in this transaction.
"We are excited to be working with JTL Capital who share our vision of and commitment to Las Ventanas. Together we will continue to raise the bar of
excellence which was established when the resort opened seven years ago," stated John Scott, CEO & President of Rosewood Hotels & Resorts.
As part of the acquisition, the world-renowned property will receive an additional capital investment which will include an extensive expansion to the
resort's existing spa and fitness center, a guest library and espresso bar, an expansion to the resort's retail area, as well as upgrades to the
existing employee and maintenance facilities.