ROBERTDOUGLAS ADVISES THAYER LODGING GROUP & METLIFE ON THE ACQUISITION FINANCING OF THE HILTON LOS CABOS BEACH & GOLF RESORT
RobertDouglas announced today that it advised Thayer Lodging Group & MetLife, Inc. on the acquisition financing of the award-winning Hilton Los Cabos Beach & Golf Resort. The financing was provided by JPMorgan.
The Mediterranean-style, 375-key resort is situated in San Jose del Cabo, Mexico, featuring 339 spacious guest rooms and suites as well as 36 timeshare units, five restaurants, approximately 90,000 square feet of function space, a spa, swimming pools, and a full-service beach club facility on 11 acres of beachfront land. The resort property, built in 2002, has firmly established its market position as the leading group-oriented hotel in the popular destination of Los Cabos.
“As a result of a competitive process, a favorable financing structure was secured that allows the new owners to execute on their underwritten investment objectives,” said Chris Ropko, a Director at RobertDouglas, “JPMorgan differentiated themselves with experience and comfort in the Mexican market and its subsequent ability to execute within a tight timeframe.”
“While off-shore acquisitions are always a bit more work, Thayer & MetLife have acquired one of Hilton International’s top resort properties worldwide during a strong recovery at both the property and market levels,” notes Rob Stiles, a Principal & Managing Director with RobertDouglas.
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry’s pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.