$185 Million Refinancing of Banyan Tree, Fairmont and Rosewood luxury hotels and villas of the Mayakoba tourist resort at Playa del Carmen


Cuatrecasas advised financial institutions BBVA Bancomer, Banco Bilbao Vizcaya Argentaria, Banco Sabadell, SabCapital (SOFOM) and CaixaBank on refinancing the debt of the Banyan Tree, Fairmont and Rosewood luxury hotels and villas of the Mayakoba tourist resort at Playa del Carmen (Riviera Maya, Mexico).

The total amount of $185 million was divided into three transactions that conclude refinancing the tourist resort’s debt. The process began with the original owners, Obrascon Huarte Lain, and was finalized by the current owners, RLH Properties, a hotel asset management company. Its acquisitions include Madrid’s Villa Magna hotel and Mexico City’s Four Seasons hotel, properties that Cuatrecasas also advised about refinancing.

Cuatrecasas partners León López (Picure) and Agustín Cerdá of the Mexico City office led the legal advice on the transactions, in collaboration with partners Liliana Corzo and Santiago Ferrer, and associates José Higinio Núñez, Rodrigo Avendaño, Carolina Pérez, Juan Carlos Galicia, Alejandro Doménico González-Rossi, Berta del Carmen Kutz, Javier Eduardo Vázquez, Elizabeth Aragón, Ana Sofía Vázquez and Jesús Alejandro Cortés.

Involved fees earner: Rodrigo Avendaño – Cuatrecasas; Agustín Cerdá – Cuatrecasas; Liliana Corzo – Cuatrecasas; Santiago Ferrer – Cuatrecasas; José Higinio Núñez – Cuatrecasas; León López – Cuatrecasas; Carolina Pérez – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Banco Bilbao Vizcaya Argentaria (Bbva); Banco Sabadell; BBVA Bancomer; CaixaBank; Sabcapital, S.A. de C.V., SOFOM, E.R. ;

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Author: Ambrogio Visconti.