- Business
- RLH Properties, S.A.B. de C.V. (RLHA.MX) serves as a publicly traded Mexican asset management company specializing in the acquisition, development, and management of luxury and ultra-luxury hotels, resorts, residential properties, and related amenities in Mexico and the Caribbean; its portfolio encompasses operating assets including Four Seasons Mexico City (240 rooms), Rosewood Mayakoba (129 rooms), Banyan Tree Mayakoba (164 rooms), Fairmont Mayakoba (401 rooms), Andaz Mayakoba (214 rooms), One&Only Mandarina (105 rooms), and El Camaleón Mayakoba golf course; assets under development feature Rosewood Mandarina hotel (approx. 140 rooms), Park Hyatt Los Cabos hotel (approx. 163 rooms), One&Only Mandarina Private Homes and Rosewood Mandarina residences (up to 147 units), Fairmont Heritage Place Mayakoba (53 full ownership residences and 204 fractional units), and Rosewood Residences Mayakoba (33 full ownership residences); the company partners with global brands such as Four Seasons, Rosewood, Fairmont, Banyan Tree, One&Only, Andaz (Hyatt), and Park Hyatt to operate these properties, offering accommodations, food and beverage services, spas, golf, polo and equestrian facilities, and branded residential sales targeting high-net-worth individuals in prime tourist destinations like Riviera Maya, Mandarina (Nayarit), and Los Cabos. Founded in 2013 and headquartered in Mexico City, RLH Properties listed on the Mexican Stock Exchange in 2015 following its initial acquisition of Four Seasons Mexico City; the firm maintains operations compliant with local regulations across Mexico, with past expansions into Spain via Rosewood Villa Magna and Bless Hotel Madrid (sold in 2022 to focus on core markets). Recent developments include the September 2025 acquisition of a 51% stake in Cabo del Sol Holdings, LLC to support Park Hyatt Los Cabos; full ownership of Park Hyatt Los Cabos hotel integration into fixed assets; a 2024 business combination for Park Hyatt reflecting MXN 1,299.8 million in acquisitions; CAPEX investments of MXN 2,933.7 million supporting portfolio growth and renovations such as Andaz Mayakoba's rebranding to Alila in late 2025; total revenues rose 4% to MXN 7.75 billion in 2024 with hotel revenues up amid 63.4% occupancy and MXN 13,260 average daily rate, EBITDA increased 19% to MXN 1.40 billion, cash position strengthened to MXN 5.32 billion fueled by MXN 9.72 billion in bank loans despite residential sales softening; and debt reached MXN 15.54 billion (100% USD-denominated at 6.71% average cost) with long-term maturities to 2032 alongside new interest rate hedges.