Capital raising hotel in Aruba

Capital raising hotel in Aruba

July 30, 2016

The Curacao Financial Group N.V. (cfg) acted as the Financial Adviser and Arranger of the loan facility in the purchase of The Mill Resort & Suites Aruba by the Alaimo Family. The property will be refurbished and rebranded as a Courtyard by Marriot in 2017 under guidance and supervision of Interamerican Promo Hotels Inc. that will continue as the Operater of the hotel. 

The total investment involved is USD 22 million.

Acquisition financing was provided bu Aruba Bank N.V.