The Cuatrecasas team in Mexico advised BBVA Bancomer on financing provided for a 50:50 joint venture between Vertex Real Estate Investors and the MRP Group to acquire the St. Regis Punta Mita Resort on the Riviera Nayarit (Mexico).
The investor consortium, with Vertex acting as structuring agent for the acquisition, acquired the resort, which has 120 guest rooms and suites and will continue to be run by Marriott International under a long-term management agreement.
This complex transaction, the first of its scale to be negotiated and closed in the hotel industry since the start of the pandemic, consolidated BBVA Bancomer as a player in the hotel financing market in Mexico.
The St. Regis Punta Mita Resort, regarded as one of the leading luxury resorts in the world, is located within the exclusive Punta Mita Master Plan on the Riviera Nayarit. The new owners have drawn up a plan to renovate and reposition the property located on Mexico’s Pacific coast.