Sonnenblick Goldman's $237m vacation package.Sonnenblick Goldman, serving as the exclusive advisor to Plant Hotel N.V., has arranged the sale of the ownership entity holding the leasehold interest in the 413-room Aruba Marriott Resort & Stellaris Casino for $237 million to the Caribbean Real Estate Opportunity Fund. NIBC NIBC New India Bible College NIBC New International Builder's Community Bank NV (of the Netherlands) acted as financial advisor to the majority shareholder of Plant Hotel NV. Marriott will continue to manage the resort for the new owners under a long-term management agreement. "Aruba is an ideal market for investment given its unique attributes which include great airlift, ideal weather, a stable political climate and labor pool, high barriers to entry and strong asset performance," commented Mark J. Gordon, managing director and principal of Sonnenblick Goldman and head of the firm's International Lodging & Leisure Group. "Furthermore, the long term management contract with Marriott will ensure the resort's successful performance. These factors, in addition to a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. interest from the lenders to finance the acquisition resulted in strong interest from the international investment community." Aruba, a bustling bus·tle 1 intr. & tr.v. bus·tled, bus·tling, bus·tles To move or cause to move energetically and busily. n. Excited and often noisy activity; a stir. resort destination known for its pristine white sand beaches, championship golf courses and pleasant tropical climate A tropical climate is a type of climate typical in the tropics. Köppen's widely-recognized scheme of climate classification defines it as a non-arid climate in which all twelve months have mean temperatures above 18°C (64.4 °F). , is home to approximately 100,000 residents. With tourism as its key industry, the island of Aruba hosted 732,400 visitors in 2005 alone. 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. Travel + Leisure Magazine, Aruba is the sixth most popular island resort location in the world. Mark Owens For the news presenter, see . Mark Anthony Patrick Owen (born 27 January 1972 in Oldham, Lancashire, England) is an English singer/songwriter, but he may be best known for being one fifth of the hugely successful pop group Take That during the early 1990s and again in the , a vice president at Sonnenblick Goldman added, "Aruba's market dynamics combined with the contemplated renovation strategy the buyer intends to pursue will make the Aruba Marriott one of the Caribbean's leading vacation destinations." |
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