BOGATA, COLUMBIA—The Terranum Group, aninstitutional real estate services firm in Colombia, and EquityInternational (EI), closed today on the acquisition ofDecameron Hotels & Resorts. The transactionmakes the Terranum Hotels unit the largest hotelplatform in Latin America.
Through this transaction, which allows Terranum Hotels tocomplement its existing portfolio of city hotels with DecameronHotels & Resorts' All-inclusive offer, EI closes its secondinvestment with the Terranum Group. Its first was the 2011investment in Terranum Corporate Properties, Colombia's leadingoffice and warehouse property owner/developer. EI's investment inTerranum Hotels supported the Decameron acquisition.
Decameron Hotels & Resorts, headquartered inCartagena, Colombia, was founded in 1987 byArgentine Lucio García. The company, a leader inthe Colombian hospitality industry, is known for its comprehensiveand efficient operating model. Decameron is also known for itsflagship all-inclusive vacations, a line of high-quality,affordable resorts. Additionally, the Company manages a proprietarysupply channel through its in-house tour operator and brandedvacation club. Decameron Hotels & Resorts is focused onSouth and Central America, with properties inColombia, Mexico, Peru, Ecuador, Panama, El Salvador,Jamaica and soon Chile.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
