RLH Properties, S.A.B. de C.V. (BMV:RLH A) acquired 50% stake in FHP Villas Lote 2, credit rights in relation to FHP Villas, a land of approximately 19,500 square meters and the corporate offices of the Mayakoba Development.
May 02, 2018
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RLH Properties, S.A.B. de C.V. (BMV:RLH A) entered into an agreement to acquire 50% stake in FHP Villas Lote 2, SA of C.V., 100% stake in L6 Hotel Mayakoba, S. de R. L. de C.V., credit rights in relation to FHP Villas and Villas Rosewood, a land of approximately 19,500 square meters, the corporate offices of the Mayakoba Development and a plot of approximately 9,500 square meters from OBRASCÓN HUARTE LAIN, DESARROLLOS, S.L. on April 6, 2018. The acquisition was completed for 50% stake in FHP Villas Lote 2, credit rights in relation to FHP Villas, a land of approximately 19,500 square meters and the corporate offices of the Mayakoba Development on April 24, 2018. As announced on May 3, 2018, the preconditions for acquisition of 100% stake in L6 Hotel Mayakoba, credit rights in relation to Villas Rosewood and a plot of approximately 9,500 square meters have not yet been met.
As a result of these, RLH acquired all of the shares and participations owned, directly or indirectly, by OHL in the mayakoba assets that were not acquired by RLH in the initial acquisition, that is 20% in the Hotel Rosewood Mayakoba, 9.84% in the Hotel Fairmont Mayakoba, 43.35% at the Hotel Banyan Tree Mayakoba, 9% at the Hotel Andaz Mayakoba and 49% at the El Camaleón golf course, all for a price of $39.5 million plus a deferred payment of $4.96 million corresponding to the El Camaleón golf course to be paid, if applicable, exclusively with the cash generated by El Camaleón golf course, the buildings related to the complex and the hotels subject to the acquisition, a land of approximately 19,500 square meters, 27.2% of Lot 5, corporate offices of the Mayakoba Development, and El Pueblito, a center of activities common to the Mayakoba complex, all for a price of $13.8 million and the totality of the shares of Marina Mayakoba, S.A. of C.V., 50% of the capital stock of FHP Villas and Credit Rights FHP Villas, all for a price of $13.6 million.
As a result of RLH, to date holds, directly or indirectly, 100% holder of the Rosewood Mayakoba Hotel, the Golf Course, and Marina Mayakoba, 89.84% of the Fairmont Mayakoba Hotel, 94.4% of the Hotel Banyan Tree Mayakoba, 60% of the Hotel Andaz Mayakoba, 50% of FHP Villas, the Fairmont Heritage Place residence development business and certain properties related to the complex and the hotels a land of approximately 19,500 square meters, part of Lot 5, the corporate offices of the Mayakoba Development and El Pueblito, Mayakoba Brand and related brands and certain credit rights against FHP Villas.
RLH Properties, S.A.B. de C.V. (BMV:RLH A) completed the acquisition of 50% stake in FHP Villas Lote 2, credit rights in relation to FHP Villas, a land of approximately 19,500 square meters and the corporate offices of the Mayakoba Development on April 24, 2018.
RLH Properties SAPIB de CV is a Mexico-based company engaged in the real estate sector. The Company focuses on the acquisition and development of hotels, located in the city centers and touristic destinations, in Mexico and the Caribbean region. The Companyâs hotels portfolio includes Four Seasons and One&Only brand names. Its hotels network offers accommodation, as well as operates hospitality-related infrastructure, such as restaurant, fitness and gym, spa center and conference room. The Company is a subsidiary of Activos Turisticos de Mexico SAPI de CV.
RLH Properties, S.A.B. de C.V. (BMV: RLH A) acquired 50% stake in FHP Villas Lote 2, credit rights in relation to FHP Villas, a land of approximately 19,500 square meters and the corporate offices of the Mayakoba Development.
RLH PROPERTIES, S.A.B. DE C.V. 
