recapitalization
Scrub Island Resort, Spa & Marina, BVI Undergoes Recapitalization With The Ardent Companies, Along With Significant Improvements
Scrub Island Resort, Spa & Marina, BVI | February 13, 2019
BRITISH VIRGIN ISLANDS (Feb 13, 2019) – Mainsail Lodging & Development is delighted to announce the recapitalization and reopening of Scrub Island Resort, Spa & Marina in the British Virgin Islands. On Dec. 31, 2018, The Ardent Companies, through a $41 million investment, replaced First Bank of Puerto Rico as principal lender. Mainsail Lodging & Development will continue to operate the resort under Autograph Collection® Hotels, a member of Marriott International's industry-leading portfolio. "This marks an extraordinary milestone in the history of our resort," said Joe Collier, president of Mainsail Lodging & D...
REH, Algon, and Berger Singerman Honored with ‘Refinancing Deal of the Year’ for Peninsula Papagayo Resort Recapitalization and Sale
REH Capital Partners, LLC | February 15, 2017
Miami - February 2017 - National financial advisors, REH Capital Partners and Algon Group, and Berger Singerman win the "Refinancing Deal of the Year" at the 11th Annual M&A Advisor Turnaround Awards for their collaboration on the more than $250MM restructuring and sale of the Peninsula Papagayo Resort in Costa Rica. The awards ceremony will take place on March 22-23, 2017 at The Colony Hotel in Palm Beach. "We are honored to be recognized by such an esteemed organization for our work with Peninsula Papagayo Resort," says Francis J. Nardozza, Chairman and CEO of REH Capital Partners. "To successfully complete the operational and deb...
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