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Business & Finance

Aqua-Aston Hospitality Adds Crocodile Bay Resort and Future Botánika Osa Peninsula to Management Portfolio

HONOLULU, HI. September 11, 2017 – Aqua-Aston Hospitality, a leading hotel and resort management group and an operating business of ILG (Nasdaq: ILG), announced the signing of Crocodile Bay Resort and the future Botánika Osa Peninsula, Curio Collection by Hilton. Hilton’s Curio brand is a rapidly expanding global collection of distinctive, upper-upscale hotels and resorts that cater to passionate travelers seeking local discovery and authentic experiences.

Aqua-Aston will provide a full range of management services for both resorts in Central America including sales, marketing, revenue management, and reservations. The company will also be responsible for handling daily resort operations, as well as lending its extensive hospitality expertise to assist in the areas of planning, budgeting, and forecasting.

“Aqua-Aston Hospitality’s management contract for Crocodile Bay Resort and the future Botánika is an example of the strength and breadth of our team. We have a long history of providing outstanding service to our guests and to each of our owners. We’re very proud to be entrusted by global hospitality brands such as Hilton to deliver to their high brand standards,” said Ed Skapinok, senior vice president of sales, marketing, and revenue for Aqua-Aston Hospitality.

Crocodile Bay Resort is an eco-adventure resort that opened in 1999 and is renowned for its world-class sport fishing, rainforest expeditions, expertly crafted eco-tours, and deluxe accommodations. The property’s extensive roster of custom eco-itineraries include a sea turtle rescue tour, chocolate farm tours, jungle night walks, surfing, snorkeling, kayaking through mangroves, and cross-country biking. Guests are also encouraged to explore the nearby Golfo Dulce, home to one of the world's few tropical fjords where migrating humpback whales are seen seasonally.

Slated to open in 2018, Botánika will be located on the Osa Peninsula where the edge of Costa Rica’s largest coastal rainforest meets the Pacific. Once completed, Botánika will replace the existing Crocodile Bay Resort facilities and operations, however, the nearby Crocodile Bay Marina will continue to offer the largest private sport-fishing fleet in Central and South America.

Aqua-Aston and property ownership are working with local biologists and forestry specialists to ensure that the Botánika residences are constructed in harmony with the environment. The resort will consist of whole ownership hotel residences containing guest rooms and suites with a full kitchen, and an open-air courtyard in each building. Planned amenities include an outdoor natural pool, pool bar, fitness center, technology lounge, spa with over 30 “rainforest treatments,” 1,550-square-feet of meeting space, an event lawn, golf cart concierge service, café gift shop, juice bar, and restaurant and bar.

Prior to the launch of eco-friendly Botánika, guests are able to continue immersing themselves in one of the most ecologically diverse locations in Costa Rica, while enjoying a comfortable, enriching stay at Crocodile Bay Resort. Both Crocodile Bay Resort and Botánika are easily accessible with a five-minute drive from the Puerto Jimenez Airport. For more information, please visit www.CrocodileBay.com and www.BotanikaResort.com.

About Aqua-Aston Hospitality

With a 70-year legacy, Honolulu-based Aqua-Aston Hospitality is a destination expert that provides management and marketing services to approximately 45 hotels and resorts in Hawaii, the continental United States, and Central America, including international hotel brands Hilton Inc. and InterContinental Hotels Group. The company prides itself in the expertise of its teammates and offers Hawaii’s only locally staffed 24-hour call center to best serve the needs of travelers from across the globe. For more information, visit www.Aqua-Aston.com or call (855) 945-4092. Aqua-Aston Hospitality is an operating business of ILG, Inc. (Nasdaq: ILG), a leading global provider of professionally delivered vacation experiences.

Contact:
Teri Akahoshi
takahoshi@quinn.pr
424.270.1471

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.