Pérez Alati, Grondona, Benites & Arntsen ("Pagbam") advised GNV Group – Madero Harbour S.A. ("GNV") in the negotiation and execution of an agreement with Marriott International, Inc. (“Marriot”) whose purpose is to bring the “W Hotels Worldwide” brand to Argentina for the first time. The hotel – expected to open in 2024 – and its planned residences will be located within a $100 million, 34-story, mixed-use tower in the heart of the Puerto Madero neighborhood, in Buenos Aires.
Chaired by Alejandro Ginevra and his family, GNV Group is a multi-faceted premium real estate company, specialized on development, management and brokerage of commercial and residential real estate properties in Argentina. For more than 50 years, the business has developed ambitious real estate projects such as Madero Harbour, a mixed-use complex of 400.000 sqm located in Puerto Madero.
Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,000 properties under 30 leading brands spanning 131 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world.
Legal Advisors:
For GNV:
Pérez Alati, Grondona, Benites & Arntsen:
Partner: Guillermo Quiñoa, Associate: Andrés Bennett
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Acompañamos a nuestro cliente GNV Group en la firma con Marriot International, para la construcción y operación en Buenos Aires de un Hotel bajo la marca W Hotels Worldwide, y que prevé la construcción de una torre de 35 pisos que implicará una inversión de USD 100 millones pic.twitter.com/SlRG0hV8iN
— PAGBAM Abogados (@PAGBAM_Abogados) July 11, 2019