RLH advised by Pérez-Llorca on OHLD Mexican hotels deal

RLH Properties was advised by Pérez-Llorca in relation to the acquisition of majority shareholdings in four Mexican hotels from Spain’s Obrascón Huarte Lain Desarrollos (OHLD).

As a result of the deal, RLH Properties, according to Mergermarket, will hold a 51 per cent stake in each of the four hotels in the Mayakoba project: the Fairmont, the Rosewood, the Banyan Tree and the Andaz.

RLH Properties is listed on the Mexican stock exchange.

An OHLD statement said: “The offer involves a 100 per cent valuation of Proyecto Mayacoba´s hotel assets, in more than $500 million as enterprise value. The operation will generate a €218 million profit for the seller, with a minimum guaranteed of e158 million, and a capital gain, including the value of the unsold share, of €71 million.”