$30.7 Million Loan for Grupo Estancias Extendidas, S.A. de C.V.


Nader, Hayaux & Goebel and Kuri Breña, Sánchez Ugarte y Aznar advised on the deal

Grupo Estancias Extendidas, S.A. de C.V. secured a $30.7 Million Syndicated loan with

Scotiabank Inverlat, SA.

Extended Suites was founded in 2009 by a Mexican investment group after identifying significant potential in an underpenetrated market segment with limited lodging choices for the business traveler seeking extended stay alternatives. Extended Suites has developed a unique low-cost concept that is easily replicable in many markets. The Company currently operates three hotels in Monterrey, Coatzacoalcos and Ciudad del Carmen.

Nader, Hayaux & Goebel, advised Grupo Estancias Extendidas with Eduardo Villanueva Ortiz. Abogada Ana Kuri Noriega.

Kuri Breña, Sánchez Ugarte y Aznar, advised Scotiabank Inverlat, S.A., with Alejandro Sobarzo (Picture) and Héctor González.

Involved fees earner: Alejandro Sobarzo Hadad – Kuri Breña Sánchez Ugarte y Aznar; Héctor González Martinez – Kuri Breña Sánchez Ugarte y Aznar; Eduardo Villanueva Ortíz – Nader, Hayaux & Goebel; Ana Kuri Noriega – Nader, Hayaux & Goebel;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar; Nader, Hayaux & Goebel;

Clients: Grupo Estancias Extendidas, S.A. de C.V.; Scotiabank Mexico (Scotiabank Inverlat S.A.);

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Author: Ambrogio Visconti.