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The Palace Company
Company typePrivate
IndustryHospitality and Travel
Founded1984
FounderJosé Chapur Zahoul
HeadquartersMerida, Yucatán, Mexico
Number of locations
18 properties in 6 countries
Area served
Mexico, Caribbean, Europe, Asia
Key people
Jose Chapur Zahoul (Director and Chairman)
Gribrán Chapur[1] (VP)
Number of employees
14,000+
SubsidiariesBaglioni Hotels
WebsiteThe Palace Company Official Website[2]

The Palace Company (formerly known as Palace Resorts) is a privately-owned Mexican hospitality group specializing in hotels and resorts, operating in Mexico, the Caribbean, the Maldives, and Europe. Its brands include Palace Resorts, Moon Palace, Le Blanc Hotels & Resorts, and Baglioni Hotels & Resorts. The group's main offices are located in Mérida and Cancún, Mexico, and Miami, Florida.

History

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The Palace Company headquarters facade
Moon Palace All-Inclusive Resort, Cancún, Mexico

José Chapur Zahoul founded the hotel chain The Palace Company, previously known as Palace Resorts, in 1984 with the opening of the Cancun Beach Club in Cancun, Mexico, a 162-room property currently known as Beach Palace Cancun.[3] In 1990, the company opened Sun Palace Cancun Puerta al Sol, introducing its first all-inclusive plan. During this period, the company established itself under the name Palace Resorts[4] with the support of a New York-based consulting and branding firm.

In September 1996, Moon Palace Nizuc was inaugurated with 731 rooms, followed by Moon Palace Sunrise in 1998, which became the company's largest complex by room capacity.[5] The Moon Palace Arena Convention Center was added and inaugurated on May 6, 2014. After a period of growth and consolidation in the 2000s, the company shifted its focus to international expansion during the 2010s and 2020s. In 2005, the company opened three new properties: Cozumel Palace in May, Le Blanc Spa Resort Cancun in August, and Playacar Palace in December. In 2015, the company expanded internationally with the opening of Moon Palace Jamaica, originally known as Moon Palace Jamaica Grande.[6] A year later, in 2016, the group inaugurated Moon Palace The Grand - Cancun, adjacent to Moon Palace Cancun. Le Blanc Spa Resort Los Cabos, the company's second adults-only property, opened on February 1, 2018, expanding the group's portfolio to the Pacific coast. [7]

References

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  1. ^ "WTTC Members". wwttc.org.
  2. ^ https://www.thepalacecompany.com
  3. ^ Medina, Arturo (2014-03-21). "Sucesión y diversificación, la clave de Palace Resorts de José Chapur". Noticias de Turismo Reportur (in Spanish).
  4. ^ "The journal of professional convention". 2009.
  5. ^ "Moon Palace Cancun Official Site in the 2000s". February 20, 2001. Archived from the original on 20 February 2001.
  6. ^ Moon Palace Jamaica Grande to Open January 15
  7. ^ "Le Blanc Resorts Los Cabos Opens Its Doors". Leisure Opportunities. October 3, 2018.
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Media related to The Palace Company at Wikimedia Commons