A Hyatt in Costa Rica will transform into one of the first JW Marriott all-inclusive resorts
Recently, JW Marriott has been branching out into new markets and hotel styles, specifically all-inclusive resorts and safari camps.
Now Marriott loyalists can look forward to an upscale take on the know-what-you-pay-upfront vacation style with the announcement of a JW Marriott all-inclusive resort in Costa Rica from Mullen Real Estate Capital.

This JW will be set in Costa Elena, "an exclusive resort-residential community located in Guanacaste, Costa Rica," according to a statement from Marriott. As a conversion property rather than a new-build, guests can expect to enjoy 415 newly refreshed rooms, 11 bars and restaurants, a 16,000-square-foot spa, and a whopping 17 swimming pools once the existing hotel's renovations are completed next spring.
Related: The best Marriott all-inclusive resorts for a perfect vacation
A Marriott representative confirmed to TPG that this forthcoming JW Marriott resort will replace the existing Dreams Las Mareas Costa Rica, which is already part of Mullen Real Estate Capital's portfolio. Dreams Las Mareas will be exiting the Hyatt Inclusive Collection portfolio on March 30, as reported by travel trade publication Pax News, and the resort's website shows no availability to book starting July 2025.

"We are thrilled to expand our presence in Costa Rica with the introduction of one of the first JW Marriott All-Inclusive Resorts," Uriel Burak, Marriott International's vice president of development for the Caribbean and Latin America, or CALA, said in Marriott's public statement. "This project marks the beginning of a strategic collaboration with Mullen Real Estate Capital, a pioneer in the all-inclusive sector, within the CALA region."
That "strategic collaboration" could be an industry game changer. If successful, the JW Marriott all-inclusive resort could be the first of more potential reflags for Mullen Real Estate Capital, the force behind dozens of all-inclusive resorts in Mexico, the Dominican Republic and Costa Rica — most of which are currently Hyatt brands like Dreams and Secrets.
Related: The 13 best all-inclusive resorts in Costa Rica for beach visits or hiking trips
What makes this reflag even more interesting is that the Mullen family behind Mullen Real Estate Capital originally founded Apple Leisure Group, the all-inclusive resort giant that was sold to Hyatt in 2021, adding around 100 all-inclusive properties to Hyatt's portfolio. Jeff Mullen, Mullen Real Estate Capital's president and CEO, held a lengthy tenure as Apple Leisure Group's chief operating officer. All this to say, this team has already dramatically shaped the all-inclusive experience — and is once again present for significant new changes in the segment.

“MREC is thrilled to embark on this exciting collaboration with Marriott International and JW Marriott, a brand synonymous with excellence and world-class service," Mullen said in the statement. "Together, we look forward to unlocking new opportunities, setting new benchmarks, and creating a future filled with limitless potential."
Over the last few years, Marriott has been on a mission to redefine the all-inclusive experience by bringing well-known Marriott brands into the all-inclusive ecosystem. Marriott's Luxury Collection has opened all-inclusive resorts in Mexico and the Dominican Republic, with more in the pipeline. In April, the first-ever, highly-anticipated W all-inclusive resort will open in Punta Cana, bringing the famed social-forward lifestyle brand into the fold. And even the namesake Marriott brand converted a Cancun Marriott into the TPG Award-winning Marriott Cancun, An All-Inclusive Resort.
Other JW Marriott all-inclusive signings include a location in Costa Mujeres, Mexico, and Marica, Brazil.
The Points Guy reached out to Hyatt and Mullen Real Estate Capital for further comment but did not hear back before publication of this article.
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- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
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| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
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You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
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Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.

