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“Right now we are expanding even faster than we ever imag-
ined,” says Gibran Chapur, executive vice president of Palace
Resorts. “And that’s a good sign — we didn’t lose track of what we
were doing.” Chapur played a key role in the company’s 2011
restructuring and successfully managed to increase its sales and
profits by 55 percent in the first quarter of 2012; and doubled that
number in 2013.
Chapur’s father, José, and his uncle, Roberto, founded the
shared ownership development company Palace Resorts in 1985
after owning apartment buildings. Growth was strong, and the
Chapurs decided to make their resorts all-inclusive in 1994. They
expanded geographically beyond Cancún, first into the Riviera
Maya and then farther out.
34
RESORTDEVELOPER.COM
vacation industry review
APRIL – JUNE 2015
PALACE RESORTS
By Matt McDaniel
Following many years of growth and
success, four years ago Mexico-based
Palace Resortsrestructured to further
enhance its vacation club properties.
30
Years
and Growing
ISLA MUJERES PALACE GOLF & SPA RESORT, MEXICO
LE BLANC SPA RESORT, CANCÚN, MEXICO