Don’t miss our content
SubscribeCuatrecasas has advised Banco Sabadell, S.A., Miami Branch on the US$80 million financing of the Excellence Riviera Cancún hotel complex, located in the State of Quintana Roo, Mexico.
The transaction was structured through a New York law-governed credit agreement and included security and guarantees in several jurisdictions, including a mortgage over the hotel.
The Cuatrecasas legal team that advised on the transaction was led by León López Iglesias of the Financial Practice Group, with contributions from Ricardo Isaac Medina García and Andrea Vidal Apreza, among others.
León López commented: «This was a truly cross-border financing: a New York law-governed credit agreement for the Miami branch of a Spanish bank, secured by a mortgage over a hotel in Mexico and by guarantees in other jurisdictions. Bringing those legal systems together seamlessly required close coordination and full dedication from every member of our team, working alongside the Banco Sabadell team. We are proud to have helped close a significant transaction in one of Mexico’s most important tourism markets».
Don’t miss our content
Subscribe