Thunderbird Hoteles Las Americas sells Hotel Pardo for USD 8.4mn

International hotel and hospitality services company Thunderbird Resorts has announced that its Peruvian subsidiary, Thunderbird Hoteles Las Americas, closed the sale of its Thunderbird Hotel Pardo (Miraflores, Lima) on 24 February 2010, for a price of USD 8.40mn (EUR 6.21mn).

The firm has entered into a one year hotel management agreement with the new owner of the Thunderbird Hotel Pardo, in conjunction with the sale of the establishment. Proceeds from the sale, after taxes and closing costs, will be used to pay off secured debt relating to the hotel. Thunderbird Hoteles Las Americas continues to pursue the sale of the Thunderbird Hotel Principal, Thunderbird Hotel Bellavista and Thunderbird Resorts El Pueblo hotel properties, as previously announced in the final quarter of 2009.

Publication: Esmerk - News monitoring
Provider: Esmerk
March 1, 2010