Decameron Hotel Peru
• Equity Global announces investment in Terranum Hotels
The Terranum Group, the built-in system of investment, development and corporate and institutional real-estate solutions in Colombia, and Equity Overseas (EI), the privately held buyer and builder of leading real-estate companies outside the usa, officially closed today from the acquisition of Decameron Hotels & Resorts. The deal, which marks a milestone into the regional market, confirms the potency of Terranum’s platform and accelerates growth programs for its Terranum resorts product, now the largest resort platform in Latin America, with great capacity to produce employment and economic development in each one of the nations it works.
Through this transaction, allowing Terranum resorts to complement its present profile of city resorts with Decameron resorts & Resorts’ All-inclusive offer, EI closes its 2nd financial investment aided by the Terranum Group. Its very first was the 2011 financial investment in Terranum Corporate Properties, Colombia’s leading office and warehouse property owner/developer. EI’s investment in Terranum Hotels supported the Decameron acquisition.
Decameron Resorts & Resorts, based in Cartagena, Colombia, was established in 1987 by Argentine Lucio García. The organization, a leader in the Colombian hospitality industry, is known for its comprehensive and efficient running design. Decameron can also be known for its flagship All-inclusive holidays, a line of high-quality, inexpensive resorts. In addition, the Company handles a proprietary supply station through its in-house trip operator and branded vacation club. Decameron Hotels & Resorts is concentrated on South and Central The united states, with properties in Colombia, Mexico, Peru, Ecuador, Panama, El Salvador, Jamaica and soon Chile.
Terranum resorts, a small business product of Terranum Group, develops, acquires and works hotels in strategic markets throughout Latin The united states. Hence, it's assembled a portfolio of globally branded accommodations, primarily in Colombia, Costa Rica and El Salvador. Its lovers consist of Starwood resorts & Resorts and Marriott. In 2014, Terranum Hotels will start the first W resort in Bogotá.
Terranum Group’s Decameron resorts & Resorts purchase includes 27 possessed, rented and managed resorts in seven countries including Colombia (13), Mexico (3), Jamaica (2), Peru (3), El Salvador (1), Ecuador (2) and Panama (3), totaling 7, 561 resort secrets. Lucio García continues to serve as Decameron’s President.
“This operation we can merge into just one organization, Decameron’s All-inclusive recognized business model’s track record aided by the energy of Terranum resorts. In addition, with this particular statement, two teams with a distinctive and specific experience in a integrate, ” stated José Ignacio Robledo, President of Terranum Group.
Regarding EI’s participation as a strategic lover, Mr. Robledo said: "It is a matter of great pride to yet again have the support of Equity Overseas, which because of its international and effective knowledge, is renowned among the leading investment businesses when you look at the property sector. This cooperation allows us to accelerate our regional development."
"The Decameron system acts and earnings from the need regarding the emerging middle-income group in Latin The united states, an extremely compelling, fundamental driver over the secret geographies where it runs, " said Tom Heneghan, CEO of Equity Overseas. "This transaction marks EI’s 2nd investment in Colombia, an industry we carry on being thinking about. Our company is delighted to participate forces once again with these types of distinguished lovers as the Terranum Group in addition to Santo Domingo Group even as we propel the institutionalization of the Colombian property industry."
About Decameron Resorts & Resorts
Decameron resorts & Resorts, based in Cartagena, Colombia, is made up of over 30 motels in 10 nations throughout the Caribbean, Central America, south usa and Africa, offering “All Inclusive” vacations. Created in 1987 by Argentine Lucio García, Decameron may implement extensive and efficient procedure that provides unique, top-notch vacation experiences. Decameron Hotels & Resorts has received a few prestigious honors including “Excellent Service and Quality” awarded by Air Transat Group Toronto, Canada, and “High traditional of provider and high quality awarded by Air Tours vacations, uk. For more information please go to www.decameron.com.
About Terranum Hotels
Terranum Hotels, a small business product of Terranum Group, develops, acquires and works motels in strategic areas throughout Latin The united states. Terranum resorts, headquartered in Bogota, owns the Decameron resorts & Resorts platform and partners with intercontinental brands for procedure of several of their particular various other properties. Thus, Terranum resorts features a portfolio of worldwide resort companies in different sections. Its current lovers consist of Starwood resorts & Resorts and Marriott.
About Terranum Group
The Terranum Group is the first platform in comprehensive financial investment, development, and corporate and institutional real-estate services in Colombia, owned because of the Santo Domingo Group and the investment bank Estrategias Corporativas. Terranum Group consists of six business units, whereby companies and investors will find a qualified and experienced company lover in business and property issues. The six business units are: Terranum Investment, Terranum Capital, Terranum Corporate Properties, Terranum Hotels, Terranum Architecture and Terranum Administration. To learn more kindly visit www.terranum.com.