We advise our client, a private fund dedicated to the purchase of assets with stabilized flows, whose investments are mainly offices in prime buildings, industrial premises, hotels, among others.
In this occasion, our advice included the review, amendment, and negotiation of the necessary addenda to modify the terms and conditions of the usufruct contracts, trust and security interest on credit rights and flows, which had been signed by our client and certain companies of the Selina Group, an important lodging chain with a worldwide presence. This transaction is developed in the framework of a joint venture between our client and Selina Group to acquire certain properties in Arequipa and Lima, so that they can later be operated under the hotel category by companies of the Selina Group. To carry out the business, our client committed to finance the implementation of the hotels in Arequipa and Lima. After executing the usufruct contracts, trust and security interest on credit rights and flows, the Selina Group requested to increase the amount of financing granted by our client to build an extension to the hotel and improve its operating capacity. Under this scenario we negotiate the amendments of all the contracts involved in this transaction considering all the risks and guarantees to secure our clients investment.
