Reuben Brothers and Three Rules Capital have filed a master plan for a more than $2 billion development on the west coast of Puerto Rico.
With views of the Caribbean Sea, the project, called Esencia, will include luxury hotel rooms, branded residences, its own private airport, two golf courses, a school and other leisure assets. The development will be anchored by luxury hotels and residences with the Aman Group, Mandarin Oriental Hotel Group and Rosewood Hotels & Resorts already announced.
We've advised Reuben Brothers on the agreements with Aman, Mandarin Oriental and Rosewood, and was led by partners Edward Story (Hotels) and Richard Bursby (Branded Residences), and Senior Associate Jack Wain.
Commenting on the transaction, Ed Story said: "This is an incredibly exciting development in Puerto Rico and we are thrilled to have supported the developers opposite three ultra-luxury hotel and residence brands. We look forward to seeing the development progress over the next few years".
Nikola Reid of RB Capital added: "This is a transformative development plan for Puerto Rico. We are grateful to be working with Ed and the Taylor Wessing team as our trusted advisors. We look forward to working together on the next phase of this project."
