Tag Archive for: Xavier Ruiz

RC Law Advises Meliá Hotels International on $203 Million Real Estate Acquisition in New York, NY

RC Law acted as legal counsel to Meliá Hotels International in connection with the $203 million acquisition of the real property located at 132–142 West 27th Street in New York City, on which the 313-key INNSiDE New York NoMad hotel operates.

The transaction brought ownership of the real estate and operation of the INNSiDE New York NoMad together under Meliá, which had operated the hotel prior to the acquisition. The real property was previously owned by Artimus Construction Inc, which was represented by Cassin & Cassin LLP.

RC Law’s legal team was led by Mariana Marangoni (Senior Associate), with support from Xavier Ruiz (Partner), and Daniel Landaluce (Partner), who advised on tax matters.

Find out more:

The Real Deal

The Business Journals

Commercial Observer

Crain’s New York

RC Law Advises Grupo Hotusa/Eurostars Hotels on the Acquisition of The Chemists’ Club Hotel in New York, NY

RC Law acted as legal counsel to Grupo Hotusa, through its Eurostars Hotel Company brand, in connection with the acquisition of The Chemists’ Club Hotel, a 107-key, four-star boutique hotel located in Midtown Manhattan, New York.

The transaction marks the return of The Chemists’ Club Hotel to Eurostars, having previously formed part of the company’s portfolio from 2007 to 2016. With this acquisition, Eurostars now operates seven hotels in the United States, with a presence in New York, Boston, Chicago, Miami, and Washington, D.C.

This is the fourth U.S. hotel acquisition in which RC Law has advised Grupo Hotusa, following the acquisitions of Eurostars Winter Haven in Miami Beach, Eurostars The Boxer in Boston, and Eurostars St. Gregory Dupont Circle Georgetown in Washington, D.C. We are proud to continue supporting Grupo Hotusa/Eurostars Hotels as they expand their presence in the United States and appreciate their continued trust in RC Law.

RC Law’s legal team was led by Mariana Marangoni (Senior Associate), with support from Tamara Galeote (Associate) and Xavier Ruiz (Partner). Legal counsel also involved in the transaction included Holland & Knight LLP and Morrison & Foerster LLP.

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El Economista

ABC

RC Law Advises Grupo Hotusa/Eurostars Hotels on the Acquisition of the St. Gregory Hotel in Washington, D.C.

hotusa st gregory washington rc law

 

RC Law acted as legal counsel to Grupo Hotusa, through its Eurostars Hotel Company brand, in connection with the acquisition of the St. Gregory Hotel, a 156-key, four-star property located between Georgetown and Dupont Circle in Washington, D.C., in a multimillion-dollar transaction.

This transaction is Eurostars’ third U.S. hotel acquisition in just one year, following Eurostars The Boxer in Boston, Massachusetts, and Eurostars Winter Haven in Miami Beach, Florida. RC Law has acted as counsel to Grupo Hotusa in all three transactions. We appreciate Grupo Hotusa/Eurostars’ continued trust in RC Law as the group advances its international expansion.

RC Law’s legal team was led by Mariana Lopes Marangoni, with support from Xavier Ruiz.

Read more:

El Economista: https://www.eleconomista.es/transportes-turismo/noticias/13540685/09/25/eurostars-compra-el-hotel-st-gregory-en-washington-y-suma-su-sexto-hotel-en-eeuu.html

RC Law Advises Grupo Hotusa/ Eurostars Hotels on the Acquisition of The Boxer Hotel in Boston, Massachusetts

RC Law acted as legal counsel to Grupo Hotusa, through its Eurostars Hotel Company brand, in connection with the acquisition of The Boxer Hotel, an 80-key, four-star property located in Boston’s historic West End neighborhood, in a multimillion-dollar transaction.

Formerly operated by Hersha Hospitality Management, The Boxer Hotel now becomes part of Eurostars’ growing U.S. portfolio, marking another step in the group’s continued international expansion. This acquisition also represents the second U.S. hotel transaction in which Grupo Hotusa has entrusted RC Law, demonstrating the group’s continued trust in the firm.

RC Law’s legal team was led by Mariana Lopes Marangoni (Associate), with support from Xavier Ruiz (Partner).

Read more:
Forbes: https://forbes.es/economia/791220/eurostars-refuerza-su-presencia-en-estados-unidos-con-la-incorporacion-de-su-primer-hotel-en-boston/
Hotel Management: https://www.hotelmanagement.net/transactions/eurostars-hotels-company-buys-bostons-boxer-hotel
Boston Business Journal: https://www.bizjournals.com/boston/news/2025/09/04/boston-hotel-finds-european-buyer-for-24-million.html

RC Law Advises Co-Lead Investors in Equity Investment in Procaps Group

RC Law acted as US counsel to Chemo Project (Insud Pharma) and Becaril (Laboratorio Elea), as anchor investors, in the private placement of an aggregate amount of $130 million in SEC registered Procaps Group, S.A., a leading Latin America integrated pharmaceutical and healthcare company, headquartered in Luxembourg. The transaction also involved the restructuring of the company’s debt with its key financial lenders.

The private capital raise included a $90 million private placement of ordinary shares and the conversion of $40 million in secured convertible notes into ordinary shares of Procaps.  The issuance was subscribed by Chemo Project S.A., Becaril S.A., Flying Fish Ventures L.P., Saint Thomas Commercial S.A., Santana S.A., Hoche Partners Pharma Holding S.A. and other investors. As a result of the transaction, such investors hold approximately 90% of the Company’s equity.

RC Law team was led by Xavier Ruiz (Partner), Diego Price (Senior Associate) and Florencia Fernandez (Associate).  Heidi Steele (Partner) of McDermott Will & Emery acted as securities counsel while BSP acted as Luxembourg corporate counsel. Greenberg Traurig acted as counsel to the issuer.

For more information click here. 

RC Law Advises Global Media US LLC on the Acquisition of Clear Channel Outdoor Holdings’ Business in Chile, Mexico, and Peru

RC Law acted as U.S. counsel to Global Media US LLC in its acquisition of the subsidiaries of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) in Chile, Mexico, and Peru. Clear Channel is a global leader in the out-of-home advertising industry, while Global Media US LLC is a U.S. affiliate of Global Vía Pública, a Chilean group operating in the same sector.

This cross-border transaction marks a significant expansion for Global Media US LLC, strengthening its presence in key Latin American markets.

RC Law’s team was led by partner Xavier Ruiz, with support from associates Florencia Fernández and Mariana Marangoni. Clear Channel was represented by Akin Gump.

For further information, click here. 

RC Law Acted as Lead Counsel to GCL in the Acquisition of Magusa Global Cargo

RC Law in the United States, Perez-Llorca in Spain, Mijares in Mexico and Rebaza Alcazar in Peru advised Global Critical Logistics, the parent company of Rock-it Cargo, and global leader in live events logistics, in the acquisition of Magusa Global Cargo business, the Miami-based specialty logistics provider who is the market leader amongst Latin artists.

For nearly two decades, Magusa has specialized in live touring logistics services for Latin artists, including Bad Bunny, Karol G, and Maluma. Magusa excels in multiple end markets, including sports and broadcast, corporate events, trade shows and exhibitions, as well as industrial and special projects. Based in Miami, Magusa also has offices in Spain, Peru, and Mexico.

More info: https://www.businesswire.com/news/home/20241202833395/en/GCL-Acquires-Magusa-Global-Cargo-Driving-Further-Expansion-in-the-Latin-Act-Market

RC Law Acted as International Counsel to Hispanogroup on the Acquisition of ENI Ecuador.

hispanogroup eni ecuador

RC Law acted as international counsel to Hispanogroup, an Ecuadorian oil & gas conglomerate, and its subsidiary Vepamil Lubricantes, in connection with the acquisition of ENI Ecuador S.A., the local subsidiary of Italian state-owned company, Ente Nazionale Idrocarburi (ENI).  The transaction which required Ecuadorian antitrust approval was led by partner Xavier Ruiz with the assistance of counsel Ignacio Furfaro.  Rafael Balda of Ecuadorian law firm Apolo acted as lead Ecuadorian counsel.  Atlantico Capital Partners acted as financial advisors to the client.

Press Release Atlantico Capital

Atlantico Capital Partners, LLC has advised Ecuadorian industrial conglomerate, Hispanogroup S.A. and its subsidiary Vepamil S.A. in its acquisition of the Eni Ecuador Group

Headquartered in Guayaquil, Hispanogroup is an industrial conglomerate with interests in fuel and lubricants distribution, used fuel recollection and recycling, and maritime shipping. Through Vepamil, Hispanogroup is one of the largest private players in Ecuador in the sale, distribution, and commercialization of fuels, including gasoline, diesel, gas, and other petroleum derivatives to industrial clients and fisheries.

Eni Ecuador, headquartered in Quito, is a vertically integrated group of companies engaged in the distribution of Liquified Petroleum Gas ( “LPG”) in Ecuador, and the second largest player within the industry. Among its activities, Eni Ecuador bottles and distributes LPG to residential and industrial markets, in addition to producing cylinders, valves, and regulators. Eni Ecuador is wholly owned by Eni international BV, and comprised by 3 subsidiaries: Esain S.A., Tecnoesa S.A. and Esacontrol S.A., owned by the listed Italian conglomerate Eni SpA (“Eni”). Eni operates as an integrated energy company worldwide, engaging in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources.

The acquisition of Eni Ecuador is a horizontal integration for Hispanogroup and a perfect strategic fit that allows it to efficiently expand its fuel distribution business and gain operating scale by entering the residential market while capturing a meaningful market share. The acquired business generates peer-leading operating margins that benefit from midstream infrastructure ownership in bottling plants, a distribution fleet, and access to over 1,000 distributors.

Atlantico acted as financial advisor to Hispanogroup.

Source: https://atlanticocap.com/atlantico-capital-advised-hispanogroup/

RC Law Advised Grupo Hotusa on Winter Haven Hotel Acquisition in Miami Beach

RC Law served as legal counsel to Grupo Hotusa, through its Eurostars Hotel Company brand, in the acquisition of the 70-key Winter Haven Hotel, a boutique property prominently located on Ocean Drive in Miami Beach, Florida. Previously managed by Hersha Hospitality Management and part of Marriott International’s Autograph Collection, this four-star hotel adds to Eurostars’ growing U.S. portfolio. The seller was represented by Royer Cooper Cohen Braunfeld LLC (RCCB Law). RC Law’s legal team was led by Associate Mariana Marangoni, with support from Partner Xavier Ruiz.

Press Release from El Economista

Eurostars amplía su cartera en EEUU con un cuatro estrellas en Miami

Eurostars Hotel Company, cadena hotelera del grupo Hotusa, consolida sus planes de expansión internacional con la incorporación de un hotel en EEUU, el Eurostars Winter Haven.

El establecimiento de cuatro estrellas, ubicado en la emblemática Ocean Drive de Miami (Florida), cuenta con 70 habitaciones. Además, aloja el restaurante Il Bolognese, especializado en cocina italiana.

El edificio fue diseñado en 1939 por el arquitecto Albert Anis y es una de las joyas del art decó en la capital estadounidense.

Con este activo ya son cuatro los hoteles de Eurostars en EEUU, dos de ellos en Miami. Actualmente, Hotusa cuenta con más de 260 hoteles en 19 países.

“Estamos muy satisfechos con el impulso que ha tomado nuestra política de expansión y el crecimiento de nuestra cartera internacional de establecimientos en destinos turísticos de primer orden. Aunque España y Europa, siguen siendo nuestros principales mercados, esta nueva incorporación es el resultado de la voluntad de fortalecer nuestro negocio en Estados Unidos y América Latina, además de otras áreas estratégicas como Oriente Medio y África”, ha declarado Amancio López, presidente de Hotusa.

Source:

https://www.eleconomista.es/transportes-turismo/noticias/13004932/09/24/eurostars-amplia-su-cartera-en-eeuu-con-un-cuatro-estrellas-en-miami.html

RC Law Advised Insud Pharma on its Acquisition of Agile Therapeutics

 

RC Law LLP is proud to have advised Insud Pharma S.L., a global pharmaceutical group based in Spain, on its acquisition of Agile Therapeutics, Inc (OTCOB, AGRX) through the merger of the target company with one of the client’s US subsidiaries, as reported by Nasdaq on August 26, 2024. Loeb & Loeb LLP acted as co-counsel for Insud Pharma and the target and its shareholders were advised by Morgan, Lewis & Bockius LLP.

Source: https://www.nasdaq.com/press-release/agile-therapeutics-inc-announces-completion-acquisition-insud-pharma-sl-2024-08-26https://lnkd.in/eQCbEBx2