Cuatrecasas, through its Mexico City team, has assisted BBVA in refinancing the debt of the One&Only Mandarina Hotel, located in Riviera Nayarit, by granting a $75 million loan.
The financing included a mortgage on the hotel, as well as the usual guarantees for this type of transaction. Upon granting the loan, the previous financing and its guarantees were cancelled.
The One&Only Mandarina, owned by RLH Properties, is a hotel in Mexico with approximately 105 lodging options and three restaurants, located in a developing tourist area.
Cuatrecasas’ team included partner León López (pictured left), associates Juan Carlos Galicia (pictured left centre), Jorge García de Presno (pictured right centre) and Alberto de Villa (pictured right), junior associate Ana Isabel Echeverría and intern Francisco de Rosenzweig.