Guzmán Ariza, Attorneys at Law, advised the Sunwing Travel Group in one of the single largest non-syndicated financings granted by the Banco del Reservas in the Dominican Republic.
The facility will be used by Sunwing Travel Group to complete the construction of the Royalton Bávaro Resort & Spa, at an estimated total investment of $200 million which is expected to generate thousands of jobs.
This new Blue Diamond Resorts complex (a subsidiary of Sunwing Travel Group), will be the third Royalton resort in the country and first under the Royalton Luxury Resort flag. The 730- room Resort will be built in Arena Gorda beach, Bávaro and will operate under its signature All-in Luxury® concept.
Guzmán Ariza has assisted Sunwing Travel Group since 2013 in arbitration, project finance, and investments matters, as well as in commercial contract and litigation.[May 2017]