In a transaction whose amount was not disclosed, the US-based Gencom acquired the hotel complex Andaz Costa Rica Resort in Península Papagayo in Guanacaste.
Trump Ocean Club, located in the Punta Pacifica area of Panama City, has been sold for $23.7 million to a new owner, whose name has not been disclosed.
The Notice of a Relevant Fact issued by the Panamanian National Stock Exchange (Panabolsa) indicates that Newland International Properties Corp, the developer of the hotel complex, signed a sale contract consisting of the transfer of 202 hotel units and 12 units of hotel amenities, for a price of $23.7 million.
Hoteles Globales, owner of the Camino Real hotel, has announced the acquisition of the Hilton Princess Managua hotel.
The Spanish hotel chain did not disclose the amount of the transaction, but the general manager of the hotel Camino Real explained that the Hilton Princess will keep the same name, and that "...
CPG Real Estate, based in New York, and the Costa Rican Enjoy Group have acquired the Marriott Los Suenos and Marriott Belen, which until recently were owned by Grupo Cuestamoras.
In a transaction whose amount was not disclosed, the hotel group Enjoy Group and real estate investment firm CPG Real Estate, which owns several hotels in Costa Rica and other countries, announced the purchase of two hotels that were previously in the hands of a company whose main shareholder was Cuestamoras Group.
In a transaction whose amount was not disclosed, the U.S. company Gencom acquired the majority of the share capital of the hotel complex Peninsula Papagayo Resort in Guanacaste.
According to a statement released by BusinessWire, the acquisition includes the Four Seasons Papagayo, an 18 hole golf course and clubhouse, the Papagayo Marina and Prieta Beach Club.
It has been announced that the Canadian group Sunwing has bought the hotel Barcelo Allegro Resort Papagayo in Guanacaste, in which it plans to invest $50 million in remodelling.
The hotel will be renamed now "Royalton Papagayo" according to information published by Reportur, a Mexican publication specialising in tourism.
The Spanish group Barceló has completed the purchase of Western Hotels, which operates 11 hotels in Mexico and Central America, two of them in Costa Rica.
From a statement issued by Barceló Group:
Palma de Mallorca, August 3, 2015. The competition authorities in Mexico have found no objection to the tender offer that the Barceló Group launched a few months ago to take over the hotel chain Occidental Hotels Management, meaning that that acquisition has been definitively consummated.
An announcement has been made that the Asian hotel company Six Senses has bought the hotel Aqua Wellness Resort, located in Tola beach on the Pacific coast.
The purchase by Terranum Group includes 27 hotels in 7 Latin American countries, including El Salvador and Panama, where the chain operates one and three hotels, respectively.
From a press release issued by Terranum Group:
The Terranum Group, an integrated platform of investment, development and corporate and institutional real estate services in Colombia, and Equity International (EI) a private real estate investor and developer of leading companies outside the United States, formalized yesterday (May 8) the closure of the joint acquisition from the Decameron Hotels & Resorts chain.
In Costa Rica the investors of Altara El Tucano Trust rejected a proposal for refinancing, leading to the subsequent execution of the guarantee and possible sale.
After having created a trust to issue debt of $7 million to buy the hotel, the group of investors rejected the option to suspend the execution of the guarantee, which uses as collateral the hotel, valued in an appraisal made in July 2012, at $16.5 million.