BLP advised Higuchi Group on the acquisition of the property and commercial establishment of Hotel Clarita’s in Jacó, Puntarenas. Buyer Higuchi Group is a leading Las Vegas, US-based company serving the casino and resort industry.
The firm’s role in the transaction included preparing due diligence and drafting of transactional documents involving teams from the Business Law, Real Estate & Hospitality, and Labor & Employment practice areas.
The transaction represents a significant capital investment in the Pacific Coast area through the acquisition of beachfront property. The buyer is expected to develop a new hotel with high-quality standards, increasing this vital tourist destination’s resort hotel choices. Clarita’s Hotel is a landmark in Jacó, known for many years for its location in front of the sea.
The BLP team that participated in the transaction was led by partner Juan Carlos Tristán, accompanied by associates Ignacio Alonso, Giancarlo Andreoli, and director Alexandra Aguilar.