Law firms Carey and Claro in Starwood hotel deal in Chile

Host Hotels & Resorts has instructed Carey on the sale of its Chilean subsidiaries to Fondo de Inversión Inversiones Hoteleras, which has turned to Claro & Cía for counsel.

The deal, subject to the approval from antitrust authorities and other conditions, is valued at $95 million. 

The transaction involves the sale by Host Hotels & Resorts of its subsidiaries Inversiones y Hotelera Host San Cristóbal and Hotelera Host San Cristóbal, respectively owner and lessee of the Sheraton Santiago hotel and the San Cristóbal Tower hotel. Both properties are managed by Starwood in the Chilean capital.

The buyer, Fondo de Inversión Inversiones Hoteleras, is the hotel investment fund subsidiary of Chilean financial services group Larraín Vial.

Partners Marcos Rios and Lorena Pavic fronted the Carey team advising Host Hotels & Resorts. Partner Jorge Martin, with Claro y Cía, led the team acting for Fondo de Inversión Inversiones Hoteleras. 


Law firms Carey and Claro in Starwood hotel deal in Chile

Ignacio Abella

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram