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Cooley Godward Kronish's dedicated group of real estate, tax and corporate attorneys handle a broad range of real estate transactions throughout Latin America, including acquisitions and dispositions, development and construction projects, joint-ventures, financings, hospitality and leasing.
The bilingual and bicultural knowledge of our attorneys allows us to work seamlessly with our strategic network of local professional service providers and be active participants in the complex local processes central to the success of these transactions.
Complemented by the firm's attorneys in related fields such as tax and corporate finance, the group has considerable experience in tax planning and tax-efficient ownership in connection with cross-border transactions in Latin America.
Representative transactions include:
- Acquisition of the 962-acre Dorado Beach Resort in Puerto Rico, a $1 billion redevelopment with two premium hotels, four championship golf courses and nearly 1,000 luxury residential units.
- The sale of 15 open-air and enclosed shopping centers and malls - the largest real property transaction in Puerto Rico's history. Prior to the sale, the Latin America Real Estate Group completed the acquisition of these properties, which total nearly 5 million square feet, in three separate portfolio transactions.
- Acquisition and financing of the Royal Decameron Beach Resort & Casino, an 820-room, all-inclusive resort with 182 villas and an 18-hole golf course in the Farallon region of Panama.
- Acquisition and financing of a warehouse/distribution center portfolio consisting of over 2.25 million square feet in 20 buildings in five planned parks in and around San Juan, Puerto Rico.
- Acquisition and financing of the Fiesta Premier Resort & Spa, a 202-room, all-inclusive, five-star resort in Costa Rica. Our work included advising with respect to a complete renovation and conversion to a Hilton resort and negotiation of a new hotel management agreement.
- Acquisition and financing of The Ritz Carlton San Juan Hotel, Spa & Casino, a 416-room, luxury hotel with a 13,000-square-foot casino and a 12,000-square-foot spa in San Juan, Puerto Rico.
- Acquisition and financing of the majority of the condominium units at the 270 Muñoz Rivera Office Building, a 13-story, 231,500-square-foot Class "A" office building in Puerto Rico.
- Acquisition and financing of a portfolio of limited-service hotels in Port of Spain, Trinidad; San Jose, Costa Rica; and Santo Domingo, Dominican Republic.
- Acquisition and financing of the Aruba Marriott and Stellaris Casino, a 413-room resort with a 17,000-square-foot casino, the largest in Aruba, and an 11,300-square-foot meeting and banquet facility, one of the largest single-asset transactions in Caribbean lodging history. Our work included the re-negotiation of the existing hotel management agreement and negotiation of the restaurant franchise agreement.
- Acquisition and financing of Galeria Paseos, a 203,000-square-foot, three-story, Class "A" enclosed shopping mall in Puerto Rico.
- Acquisition and financing of the Fiesta Resort & Casino, a 404-room all-inclusive, four-star resort in Costa Rica. Our work included advising with respect to a complete renovation and conversion to a Doubletree resort and the negotiation of a new hotel management agreement.
- Acquisition and financing of the Radisson Ambassador Plaza Hotel & Casino, a 233-room, three-star hotel with a 12,000-square-foot casino in San Juan, Puerto Rico. This work included the negotiation of a new hotel franchise agreement.
- Acquisition and financing of Global Park, a 520,000-square-foot, premier office and industrial park in San Jose, Costa Rica. The 85-acre complex includes 12 buildings that operate as a Free Trade Zone.
- Acquisition and financing of the Normandie, a full service, ocean front, 170-room hotel in San Juan, Puerto Rico.
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