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Acquisitions & Hotel Openings

Wind Creek Hospitality Acquires Aruba Renaissance Resort & Casino and the Curacao Renaissance Resort & Casino

ATMORE, AL. October 23, 2017 - PCI Gaming Authority d/b/a Wind Creek Hospitality (WCH), an authority of the Poarch Band of Creek Indians today announced that a subsidiary of WCH has acquired the Aruba Renaissance Resort & Casino and the Curacao Renaissance Resort & Casino. The upscale resorts will continue to operate under the Renaissance brand and all team members are expected to remain in place. Renaissance is a registered trademark of Marriott.

The resorts are situated in downtown Oranjestad, the capital city of Aruba, and adjacent to the port and downtown Willemstad, the capital city of Curacao. Tribal Chair Stephanie Bryan of the Poarch Band of Creek Indians, owners of Wind Creek Hospitality, said "We are thrilled to add these incredible properties to our Wind Creek portfolio. We look forward to being part of the communities in Aruba and in Curacao. I know our guests will love being able to travel to two of the best Caribbean destinations as part of our Wind Creek Rewards program."

Located minutes from Queen Beatrix Airport, the Renaissance Aruba Resort & Casino resort sits in the middle of downtown Orangestad, Aruba's capital city, and overlooks the marina and cruise ship terminal. The property is well positioned to provide guests an opportunity to escape from their daily routines and experience something truly extraordinary. The resort offers two hotels with 431 rooms; numerous choices for dining; two shopping malls that include luxury retailers Dolce & Gabbana, Gucci, Louis Vuitton, Prada, Cartier, Burberry, Rolex, and Bulgari; two casinos; and the private Okeanos Spa. The adjacent 40-acre private island offers exquisite beaches and is an ideal location for tropical weddings while business conferences and trade shows are at home in 22,000 square feet of event space.

The Renaissance Curacao Resort and Casino is set amidst the historic Dutch Caribbean city of Willemstad. It stretches from the Otrobanda waterfront all the way to the main cruise ship terminal. Built within and around the fascinating Rif Fort – a 19th century landmark designated as a UNESCO World Heritage site – Renaissance Curaçao offers a variety of boutiques, cafés, bars and restaurants, including the open-air boulevard of Renaissance Mall. The hotel offers 237 rooms and suites designed in a contemporary Caribbean flavor. Exclusive to the guests of the Renaissance Curacao is the Infinity Beach Club. It features an exceptional beach experience, infinity pool, spa cabanas, sweeping views of the Caribbean and a beachside bar & grill.

Advisors Innovation Capital, LLC acted as exclusive financial advisor to PCIGA for this transaction. Jones Walker LLP and HBN Law acted as legal counsel to PCIGA.

About Wind Creek Hospitality

PCI Gaming Authority d/b/a Wind Creek Hospitality is the principal gaming and hospitality entity for the Poarch Band of Creek Indians. Dedicated to providing a first-class customer experience, the casinos and hotels of Wind Creek Hospitality are renowned for the genuine attention paid to their guests and every effort made to assure that those guests feel a sense of importance and belonging. The company currently operates seven properties throughout the states of Alabama, Florida, and Nevada as well as the online engagement platform Wind Creek Casino. www.WindCreekHospitality.com

About Poarch Band of Creek Indians

The Poarch Band of Creek Indians are descendants of a segment of the original Creek Nation, which once covered almost all of Alabama and Georgia. Unlike many eastern Indian tribes, the Poarch Band of Creek Indians were not removed from their tribal lands and have lived together for almost 200 years in and around the reservation in Poarch, Alabama. The reservation is located eight miles northwest of Atmore, Alabama, in rural Escambia County, and 57 miles east of Mobile. The Poarch Band of Creek Indians is the only federally recognized Indian Tribe in the state of Alabama, operating as a sovereign nation with its own system of government and bylaws. The Tribe operates a variety of economic enterprises, which employ hundreds of area residents. For more information, visit: pci-nsn.gov.

Contact:
Wind Creek Hospitality
PRTeam@WindCreekHospitality.com
251-446-4293

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.