Decameron Hotels Changes Hands

BOGATA, COLUMBIA—The Terranum Group, an institutional real estate services firm in Colombia, and Equity International (EI), closed today on the acquisition of Decameron Hotels & Resorts. The transaction makes the Terranum Hotels unit the largest hotel platform in Latin America.

Through this transaction, which allows Terranum Hotels to complement its existing portfolio of city hotels with Decameron Hotels & Resorts’ All-inclusive offer, EI closes its second investment with the Terranum Group. Its first was the 2011 investment in Terranum Corporate Properties, Colombia’s leading office and warehouse property owner/developer. EI’s investment in Terranum Hotels supported the Decameron acquisition.