El Lugar Resort has raised funds for the construction and development of the hotel
September 2021 — El Lugar Resort has raised US$15 million to fund the construction and development of the hotel. The financing was a senior secured loan secured by the project’s assets, without recourse to the project sponsor.
El Lugar will be an eco-resort, located in Sarapiquí, Costa Rica, about two hours northeast of San José, in the northern lowlands. It is 1,200 acres of pristine, lush and intensely nurturing land. There are two different plots, one on either side of the Puerto Viejo River. It will be positioned as a natural, sustainable, high-end luxury resort.
Our role in the transaction
Oaklins’ teams in Colombia and Ireland acted as the exclusive advisors in this transaction.
Talk to the deal team
Related deals
Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn moreBolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn more