THE PALACE COMPANY APPOINTS GIBRÁN CHAPUR AS NEW CEO AMID GLOBAL EXPANSION

February, 6, 2025 - The Palace Company, a leader in the luxury hospitality and vacation industry, is pleased to announce a significant change in its leadership structure as part of its ongoing global expansion strategy.

Gibrán Chapur has been unanimously appointed as the new Chief Executive Officer (CEO) of The Palace Company by the Board of Directors, effective as of April 1, 2025. In his new role, he will lead the company at a global level, overseeing all key divisions and functions within the organization. This appointment comes as part of a new organizational structure implementation aimed at strengthening The Palace Company’s position in the international market.

Gibrán, who has been an integral part of The Palace Company’s success, will continue to be responsible for the vacation club, sales, and real estate divisions until March 31, 2025. Following this date, he will assume full responsibilities as CEO, heading all divisions of the company.

Statement from the Board of Directors:   
“Gibrán’s extensive experience and deep understanding of our business make him the ideal leader to guide The Palace Company through its next phase of global expansion. We are confident that under his leadership, we will continue to innovate and excel in delivering exceptional experiences to our guests worldwide.”

About The Palace Company 

The Palace Company is synonymous with luxury and unparalleled hospitality. The distinguished conglomerate currently comprises four distinct brands: Baglioni Hotels & Resorts, a luxurious collection of European plan hotels and resorts in Italy, and an all-inclusive natural island resort in the Maldives; the luxury, all-inclusive Palace Resorts in Cancun, Playa del Carmen & Cozumel; the family-friendly all-inclusive Moon Palace Resorts in Cancun & Ocho Rios, Jamaica; and the 5-diamond, adults-only Le Blanc Spa Resorts in Cancun & Los Cabos.