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GFG Securities Secures Management Agreeement with Hilton Worldwide for a Conrad Hotel & Resort in the Karibana Beach & Golf Condominium of Cartagena, Colombia

December 31, 2013

 

Cartagena, Colombia - GFG Securities, LLC (“GFG” or “GFG Securities”) is pleased to announce that it has executed management agreements with a leading, global hotel operator for a 250-key hotel and resort in Cartagena, Colombia.  Operated by Conrad Hotels & Resorts, the Conrad Cartagena will be the brand’s second hotel in Latin America and the company’s first managed Conrad in the region. The hotel will have an anticipated opening on December 31, 2015, allowing Conrad Cartagena to celebrate the 2016 New Year by introducing the brand’s world of style and flawless service, raising the bar for hospitality in Cartagena.

 

GFG Securities used its industry experience and expertise to spearhead the operator selection process by using its proven multi-faceted approach tailored to the needs of the sponsor, Megaterra Colombia S.A., ensuring a streamlined process that achieved a thorough and successful transaction. By embracing their reputation as one of the premier hospitality and real estate investment banking firms, GFG created a competitive and complete market selection process, with quantifiable benefits in final terms and conditions for all parties involved. By capitalizing on its comprehensive network of the world’s leading hotel operators and brands, GFG secured a world-class brand that successfully aligns the project with the international presence of Conrad Hotels & Resorts under their Hilton brand. Megaterra Colombia and Conrad Cartagena will take the property from an iconic piece of land to a globally recognized resort destination.

 

“Cartagena is a growing tourist destination, with several new hotels coming to market. We are excited to have worked with Hilton and we believe they will continue to elevate the tourist profile of this impressive city with the addition of Conrad Cartagena,” said Eduardo Gruener, Partner at GFG Securities.

 

Located just 15 kilometers from Cartagena’s historic Walled City and 11 kilometers from Rafael Nuñez International Airport, Conrad Cartagena will be a part of the exclusive Karibana Beach & Golf Condominium master planned community. The oceanfront destination, which combines luxury residences with a five-star hotel, world-class spa, Caribbean Sea-located beach club, Jack Nicklaus Design® 18-hole golf course, and convention and meeting space, is unlike any other in Cartagena.

 

Conrad Cartagena will feature 250 guest rooms, including deluxe rooms, executive floor rooms and suites, all outfitted with signature Conrad Hotels & Resort amenities boasting plush bedding, dedicated work, sleep and relaxation zones, spacious bathrooms, superior quality individual serving espresso maker, minibar and more. Discerning guests staying in an executive room or suite will enjoy the added benefit of the hotel’s executive lounge, which will offer light snacks and beverages throughout the day. Guests of Conrad Cartagena will also have access to additional amenities, including restaurants, an outdoor swimming pool and pool bar, fitness center, spa, golf course, golf clubhouse, and the beach club. In addition, the hotel will offer versatile meeting space, including a ballroom, pre-function space, two breakout rooms, two boardrooms and six flexible meeting rooms, as well as a business center to accommodate guests’ business and group function needs.

 

“The selection of the Conrad Hotels & Resorts brand is a perfect pairing with the successful upscale residential and recreational facilities at Karibana Beach & Golf Condominium. We are pleased that we were able to contribute to the mutual benefit between Conrad Hotels & Resorts and Megaterra S.A. and look forward to their future success,” said Mauricio Gruener, Partner at GFG Securities.

 

About GFG Securities, LLC

GFG Securities, LLC (a member of Financial Industry Regulatory Authority “FINRA”), is a boutique financial firm that assists privately owned businesses with domestic and international investment banking services including equity and debt capital raising, mergers & acquisitions, and strategic advisory services. Headquartered in Miami, FL with a satellite office in San Diego, CA, the GFG Securities team has a proven track record, with ample contacts and relationships throughout the region, allowing them to effectively execute local and cross border transactions with the client intimacy of a boutique. The firm focuses on U.S., Canadian, and Latin American family-owned companies, with average transaction values ranging US$50 million to US$500 million. Visit www.gfgsecurities.com for company information.

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