CBRE Arranges Sale Of Caribbean Resorts

CBRE Arranges Sale Of Caribbean Resorts

DLJ Real Estate Capital Partners sold the assets to Wind Creek Hospitality, the principal gaming and hospitality enterprise of the Poarch Band of Creek Indians, Alabama’s only federally recognized tribal entity.
RenaissanceWILLEMSTAD - CBRE brokered the sale of the Renaissance Aruba Resort & Casino and the Renaissance Curaçao Resort Casino in the Caribbean islands of Aruba and Curaçao. DLJ Real Estate Capital Partners, a New York-based private equity real estate firm with offices in Los Angeles and Hong Kong, sold the assets to an affiliate of Wind Creek Hospitality, a gaming and hospitality enterprise based in Atmore, Ala.
Located at 82 L. G. Smith Blvd. in Oranjestad, the capital of Aruba, the Renaissance Aruba Resort & Casino encompasses 556 hotel rooms, two casinos and approximately 150,000 square feet of retail outlets in the Renaissance Mall and Seaport Marketplace. Additionally, the resort features a full-service spa, pool, fitness center and includes Renaissance Island, offering guests the only private island experience in Aruba.
UNESCO World Heritage Site
The Renaissance Curaçao Resort & Casino is located at Baden Powellweg 1 Willemstad in Curaçao and boasts a total of 237 rooms, a 23,000-square-foot casino, multiple food and beverage venues, fitness center, pool and the 109,000-square-foot Rif Fort Mall. The property is situated on Willemstad’s historic waterfront and connected to the Rif Fort, a 19th-century landmark and UNESCO World Heritage site.
The CBRE Hotels team of Senior Vice President Christian Charre, Vice Presidents Paul Weimer and Bradley Burwell, Managing Director Andy Wimsatt and Executive Vice President Mark Owens represented the seller in the transaction. The buyer, Wind Creek Hospitality, is the principal gaming and hospitality enterprise of the Poarch Band of Creek Indians, Alabama’s only federally recognized tribal entity.
“This was a large and complex transaction, since both properties included several operating components in addition to hospitality. This required us to find a non-traditional buyer who was comfortable with gaming, retail, timeshare and hospitality, and able to close in two foreign jurisdictions,” said Weimer, in prepared remarks.

Comments

Post a Comment

Popular posts from this blog

Curacao UTS : The following were discussed: 1. Existing (older) telecommunications systems are copper based, but all new development is done with fiber optics. 2. Fiber optics are run to the curb in existing developed areas and run all the way to the home in new developments. 3. Fiber optics are installed underground simultaneously with electric. 4. UTS􀁰 concession mandates that they bring service to the home.

Image
Curacao UTS - Langan International Eric Schwarz: Curacao UTS : The following were discussed:  1. Existing (older) telecommunications systems are copper based, but all new development is done with fiber optics.  2. Fiber optics are run to the curb in existing developed areas and run all the way to the home in new developments.  3. Fiber optics are installed underground simultaneously with electric.  4. UTS􀁰 concession mandates that they bring service to the home. Curacao UTS - Langan International Eric Schwarz: Curacao UTS - Langan International Eric Schwarz: Eastpoint Planning Study 􀁴 United Telecommunications Services (UTS) https://childtraffickingorgans.blogspot.com/2019/01/curacao-uts-langan-international-eric.html
Read more

Do you like Chinese products? Why?

Image
Yes, I do, but god knows why when it comes to “good Chinese products”, Chinese cuisines just popped up in my mind (probably due to the fact that China is a mecca for gourmets). And today, I really want to amaze you with a Chinese product which is on its way to sweep across the globe. Yeah, I’m talking about  Latiao ! You have no idea how Latiao has already captured the heart of our westerner friends. And these pictures can fill you in. Basically, these “Latiao-goers” are teachers in China, and personally speaking, there is little chance that one can resist its magic charm at first taste. Actually the trend of Latiao has already been reported by Xinhua, Global Times  [1] , LinkedIn and so forth. Forget about steamed buns and smelly tofu, and meet the hot new Chinese snack -- latiao! The spicy sticks that are enjoying their fifteen minutes of fame on the global palate. The cheap "delicacy" is made from gluten, the stuff that makes bread do
Read more