BBVA participates as Green Agent and Joint Bookrunner in a sustainable finance deal for RLH Properties

BBVA Mexico participated as Green Agent, Joint Bookrunner and Joint Lead Arranger in the financing of four of RLH Properties' hotels for an amount of USD480 million. The loan was structured at a 5-year term with the possibility of a 2-year extension.

This financing is classified as sustainable, since the assets are connected with ESG goals and have KPIs for reducing carbon emissions intensity and reducing water consumption intensity per room in hotel assets. BBVA's final take in the loan was USD216 million.

The proceeds of this deal will be used to refinance the existing debt of the hotels Four Seasons Mexico City, Rosewood Mayakoba, Banyan Tree Mayakoba, and Fairmont Mayakoba, and to continue the company's growth plans.

Founded in 2013, RLH Properties was founded for the purpose of acquiring, developing and managing hotel assets in the ultra-luxury segment. Currently, the company manages seven hotels in Mexico and manages residential assets, a golf course and polo grounds.

We thank RLH Properties for inviting us to participate and lead this important transaction, with which we reiterate our commitment to continue supporting companies that promote the growth and sustainable development of the hotel industry in Mexico.