CM Hotel’s $157 Million Loan


Basham, Ringe y Correa and Holland & Knight advised on the transaction

CM Hotel, operating as a subsidiary of Sunwing Travel Group, secured a $157 million loan from Banco Santander México

Proceeds will be used to finance the development of a Planet Hollywood five stars hotel in Quintana Roo.

Planet Hollywood Resorts are located in: Costa Rica and coming soon to St. Maarten and Mexico (Cancun).

Sunwing Travel Group Inc., a tour operator in North America, operates an airline, tours, travel retail businesses, a hotel, and a vacation club. It operates leisure tours and resorts; and provides destination management services to individuals, agencies, tour groups, corporate businesses, and tour operators.

Basham, Ringe y Correa advised CM Hotel, S.A. de C.V. with Juan Carlos Serra (Picture), Jorge Campuzano, Jorge Cobos, José Massas, Jorge Escobedo and Ricardo Evangelista.

Holland & Knight advised Banco Santander México with Alejandro Landa Thierry, Aldo González Melo and Emilio Cuevas.

Involved fees earner: Jorge Cobos – Basham, Ringe y Correa; Jorge Escobedo – Basham, Ringe y Correa; Ricardo Eloy Evangelista Garcia – Basham, Ringe y Correa; Juan Carlos Serra – Basham, Ringe y Correa; Emilio Cuevas – Holland & Knight; Aldo González – Holland & Knight; Alejandro Landa Thierry – Holland & Knight;

Law Firms: Basham, Ringe y Correa; Holland & Knight;

Clients: Banco Santander Mexico SA; CM Hotel, S.A. de C.V.;