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Florida & Gulf Coast  + Miami + South Florida  + Finance  |  October 18, 2022
Lotus Capital Partners, LLC, has arranged a $191-million financing package on the Four Seasons and Andaz resorts in Costa Rica.
Lisa McDuffie
By: Lisa McDuffie

Lotus Capital Partners Arranges $191M Financing for Luxury Hotel in Costa Rica

Miami, FL-based Lotus Capital Partners, LLC, has arranged, structured and closed a $191-million financing package on the Four Seasons and Andaz resorts in Costa Rica on behalf of a joint-venture affiliate of Miami-based Gencom and Mohari Hospitality.

According to Lotus, the financing — provided by an affiliate of Blackstone — is one of the largest real estate loans ever recorded in the region by a US lender.

After acquiring the Four Seasons in 2016, the sponsor underwent an exhaustive turnaround effort that produced a 100%+ increase in NOI and repositioned the property into one of the top-performing hospitality assets in the regions.

Continuing its investment on the peninsula, Gencom acquired the 153-key Andaz in 2017 and similarly instituted new capital improvements.

“We are thrilled with the outcome of our placement process, which generated strong financing interest from some of the most respected lenders within the real estate debt capital community,” said Faisal Ashraf, Lotus managing partner.

Photo: Four Seasons

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Inside The Story

Lotus Capital Partners, LLC's Ashraf

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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