Capital Corp Pours $327M Into Future Spanish Resort

Law360, New York (February 25, 2014, 3:27 PM EST) -- Capital Corp Merchant Banking has invested in a $327 million luxury resort in Spain, it said Tuesday, without disclosing the name of the developer or the city.

The funding consists of $315 million in debt and $12 million in stock, and the resort will include a five-star hotel, residential apartments, a commercial village, a golf course and a marina, according to Capital Corp. The project is ready for the shovels, it said. 

"With the number of wealthy people increasing across the world, luxury travel is growing...
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