Sale of the Sheraton Acapulco Resort.FOSTER CITY, Calif.--(BUSINESS WIRE)--Aug. 14, 1996-- The Sheraton Acapulco Resort is being marketed for sale by Koll-Dove de Mexico S.A. de C.V., the newly formed Mexican affiliate of Koll-Dove Global Disposition Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , acting as the sale advisor to the owner, a U.S. based financial institution. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Terry Strongin, president of Koll-Dove de Mexico S.A. de C.V., the Resort has 220 rooms contained in 13 individual buildings and is situated on a hillside overlooking the Acapulco bay. The Resort, with a secluded beach, built in 1991, is permitted for timesharing and the development of an additional 90 rooms. Consulting services for timeshare A form of shared property ownership, commonly in vacation or recreation condominium property, in which rights vest in several owners to use property for a specified period each year. development and marketing in Mexico are available to potential purchasers of the resort through Koll-Dove de Mexico. Categorized as a "Grand Turismo," the hotel features four restaurants, two bars, two swimming pools and approximately 3,000 square feet of meeting space. Although the hotel is being operated by Sheraton, it is independently owned. Interested buyers are being asked to participate in a two stage process. Indications of interest should be submitted by Aug. 30, 1996. Offers will be analyzed based upon buyer qualifications and price indications. The second stage of the process will involve direct negotiations or a best and final bid, depending on buyer response. Koll-Dove de Mexico was recently established to provide real estate capital advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to Mexican governmental agencies, financial institutions, developers and major commercial property owners seeking to raise capital through sale, joint venture or debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay . Koll-Dove de Mexico operates out of offices in Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi and Foster City, Calif. CONTACT: Koll-Dove Global Disposition Services LLC Gale Samuelsen, 415/571-7400 ext. 651 |
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