PPU advises RCCL on acquisition in Navarino
Philippi Prietocarrizosa Ferrero DU & Uría Chile has advised Royal Caribbean Cruises Ltd. (RCCL) on the acquisition of 50% of Turismo y Hoteles Navarino SpA, owner of the Lakutaia hotel located on Navarino Island, Puerto Williams.
The hotel represents a strategic point for RCCL and its cruise routes to Antarctica. It is the largest investment in the history of Puerto Williams and seeks to compete with Ushuaia for not only being the southernmost place in the world, but also to become the gateway to Antarctic tourism.
The deal closed on 17 September, with DLA Piper acting as advisor to the sellers in Chile.
PPU’s team consisted of partner Alberto Pulido A. (pictured) and associates Cristobal Uriarte and Simón Valenzuela.
