GT Law advises Holiday Inn Club Vacations on acquisition of 4 beach properties in Mexico
Greenberg Traurig has advised Holiday Inn Club Vacations Incorporated on the acquisition of four beachfront properties in Mexico from Royal Resorts, marking its first expansion outside the United States.
The acquisition, in addition to including most of Royal Resorts’ related businesses and corporate operations, collectively adds more than 850 villas to Holiday Inn Club Vacations’ growing portfolio of destination resorts. The acquired properties consist of the 17-acre Royal Sands in Cancun; the seven-acre Royal Cancun on the north shore of Cancun; the 23-acre Royal Haciendas in the Riviera Maya; and the 13-acre Grand Residences by Royal Resorts in Puerto Morelos.
GT’s team was led by partner Jim Mace, with support from shareholders Mike Shalmy and Pete J. Georgis in Las Vegas, Luis Cortés Panameno (pictured top left) in Mexico City and Chad D. Striker in Chicago; Denver shareholder Cuneyt A. Akay; Richard F. Davis in Los Angeles and José Antonio Díez de Bonilla Martínez (pictured top centre) in Mexico City; Edgar Olvera Jiménez (pictured top right) in Mexico City; Pallav Raghuvanshi in New York; Tyler D. Coombe in Denver; Ed Chansky, Intellectual Property and Technology Shareholder in Las Vegas; Miguel Flores Bernes (pictured bottom left), Antitrust Litigation and Competition Regulation Shareholder in Mexico City; Erick Hernández Gallego (pictured bottom centre), Energy and Natural Resources Shareholder in Mexico City; Marite Villanueva (pictured bottom right), Labour and Employment Counsel in Mexico City; and Brian T. Lower, Hospitality Counsel in Orlando.
Other key members of the team included Mexico City associates Diego González Villamil, Julio Antonio Sardina Pla, Maribel Tovar Frías, Rocío Olea Salgado, Edgar Fernández Orozco Ceballos and Luis Jorge Akle Arronte, as well as New York tax associate Mirae Park. Mexico City paralegals Fernando Alamilla Torres and Rodrigo Silva-Herzog and Las Vegas paralegal Jennifer Rohrbach were also part of the team.
