Barceló Joins Hands with U.S. Investors to Conquer the Caribbean

In what could be penciled in as one of the most sophisticated and ambitious operations ever carried through by a Spanish hotel chain, Majorca-based company Barceló is just within an ace of launching one of America´s largest real-estate trusts, an effort that has made the Spanish chain partner with a number of major U.S. investors.

The goal is plain and simple: to propel Barceló past the rest of Spanish hotel groups in the promising and profitable Caribbean region.

The new real-estate investment fund –nicknamed Playa Resorts- has prompted Barceló and its American partners fork over $1 billion for the purchase of fancy lodgings all across the Caribbean.

Through Crestline, Bareló´s affiliate in the U.S., the Spanish hotel chain will control approximately one fifth of stocks from the new partnership and the total portfolio will jump to half a billion dollars. The new agreement will likely be signed this week.