Attorneys at global law firm Greenberg Traurig, LLP advised Holiday Inn Club Vacations Incorporated in its first expansion outside of the United States with the acquisition of four, beachfront properties in Mexico from Royal Resorts.
The acquisition – which also includes most of Royal Resorts’ related companies and its corporate operations – collectively adds more than 850 villas to Holiday Inn Club Vacations’ growing portfolio of destination resorts. The acquired properties are the 17-acre Royal Sands® in Cancun, the 7-plus-acre Royal Cancun® on Cancun’s north shore, the 23-plus-acre Royal Haciendas® in the Riviera Maya, and the 13-plus-acre Grand Residences by Royal Resorts® in Puerto Morelos.
“This transaction marks a significant growth milestone for Holiday Inn Club Vacations, and highlights Greenberg Traurig’s continued success advising market-leading companies in cross-border real estate matters. Because of the firm’s deep global platform and collaborative culture, we were able to assemble a highly skilled team of more than 20 attorneys who worked together across multiple practices and offices to deliver for our client,” said Real Estate Practice Shareholder and Las Vegas office Co-Managing Shareholder Jim Mace, who led the Greenberg Traurig deal team. “We look forward to continuing to work with Holiday Inn Club Vacations to help ensure their future growth and success.”
In addition to Mace, Greenberg Traurig’s deal team included Corporate Practice Shareholders Mike Shalmy and Pete J. Georgis in Las Vegas, Luis Cortes Panameno in Mexico City, and Chad D. Striker in Chicago; Denver White - Collar Defense & Investigations Shareholder Cuneyt A. Akay; Real Estate Shareholders Richard F. Davis in Los Angeles and Jose Antonio Diez de Bonilla Martinez in Mexico City; Technology, Media & Telecommunications Shareholder Edgar Olvera Jimenez in Mexico City; New YorkTax Shareholder Pallav Raghuvanshi; Denver Litigation Shareholder Tyler D. Coombe; Las Vegas Intellectual Property & Technology Shareholder Ed Chansky; Mexico City Antitrust Litigation & Competition Regulation Shareholder Miguel Flores Bernes; Mexico City Energy & Natural Resources Shareholder Erick Hernández Gallego; Mexico City Labor & Employment Of Counsel Marite Villanueva; and OrlandoHospitality Of Counsel Brian T. Lower.
Other core members of the team included Mexico City Associates Diego Gonzalez Villamil, Julio Antonio Sardina Pla, Maribel Tovar Frias, Rocio Olea Salgado, Edgar Fernandez Orozco Ceballos, and Luis Jorge Akle Arronte, as well as New York Tax Associate Mirae Park. Mexico City Law Clerks Fernando Alamilla Torres and Rodrigo Silva-Herzog and Las Vegas Paralegal Jennifer Rohrbach also were on the team.
Original source can be found here.