03 Case Studies

Hilton Los Cabos Beach & Golf Resort

Assignment Overview 

RobertDouglas advised Thayer Lodging Group & MetLife Inc. on the acquisition financing of the Hilton Los Cabos Beach & Golf Resort.  The financing was provided by JP Morgan.  Through a competitive marketing process, RobertDouglas was able to secure a favorable financing at less than 4.5 percent and structure that allowed the new owners to execute on their investment objectives.  

The principals also advised on the non-recourse acquisition financing for the previous owner of the Resort.  Encumbered by a long-term management contract with Hilton Hotels & Resorts, the client acquired the Resort in an off-market transaction.  Given the dollar-based revenue stream, very attractive floating-rate debt financing terms were secured by executing a US dollar securitization with JPMorgan.

Project Overview

The 375-key Hilton Los Cabos Beach & Golf Resort is situated in San Jose del Cabo, Mexico and features 339 spacious guestrooms and suites as well as 36 timeshare units, five restaurants, approximately 90,000 square feet of function space, a spa, swimming pools, and a full-service beach club facility on 11 acres of beachfront land. 

Deal Highlights

Capital Sources:
Financing Proceeds:
Key Count:
 Thayer Lodging Group and MetLife, Inc.

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