Real Resorts, Playa Hotels Form Joint Venture For Cancun

Law360, New York (October 24, 2013, 5:36 PM EDT) -- Mexican companies Real Resorts and Playa Hotels & Resorts BV have formed a joint venture to operate hotels and resorts in Cancun and Playa del Carmen, an adviser on the deal said Thursday.

The joint venture will take advantage of high tourism volumes in the two Mexican cities, adviser CBRE Hotels said, with Real Resorts bringing its four luxury hotels with room for 1,569 guests to the table, while Playa Hotels has a portfolio of 11 resorts in Mexico. The terms and financials of the joint...
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