Real Estate

Context:

The client is a leading multinational corporate group in the tourism sector, maintaining participation in air and sea transport, accommodation services and development of hotel projects, as well as tour operators and entertainment. The group maintains a presence in Dominican territory.

Interested in expanding his presence in the Dominican Republic, the client became interested in the acquisition of real estate properties for his first hotel development in the Caribbean. In this regard, Alburquerque carried out two successive due diligence processes for the acquisition of those immovable property, which involved the investigation of the owners of the properties, sellers, and negotiation on behalf of the Client. It advised the client in the search and choice of the best possible option for the acquisition of properties on the front-line beach for its development, considering the risks, mortgages, successor affairs of sellers, government restrictions and prohibitions applicable to the construction of the desired Project.

Benefit:

By executing due diligence by the firm, the client ensured that his possible investment of USD $12,000,000.00 for the acquisition of the land, had the necessary guarantees for the development of a successful tourism project.

Lawyers:

Licdo. José M. Alburquerque Prieto, Managing Partner
Licda. Gina A. Hernández, Corporate Business Partner
Licdo. Derick Hernández Grau, Corporate Business Senior Associate