Luxury Resort Project in Spain Obtains $327.6M Funding Agreement from Capital Corp Merchant Banking - 19 Action News|Cleveland, OH|News, Weather, Sports

Luxury Resort Project in Spain Obtains $327.6M Funding Agreement from Capital Corp Merchant Banking

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact

SOURCE Capital Corp Merchant Banking

Capital Corp Merchant Banking's client will build a high-end ultra luxury resort in Spain and bring on board a world-renowned, award-winning hotel operator to manage operations and bring in a fresh clientele.

ORLANDO, Fla., Feb. 25, 2014 /PRNewswire/ -- The $327.6M funding agreement that Capital Corp Merchant Banking has entered into with its client encompasses the construction and operation of a 5 star hotel resort in Spain complete with residential apartments, villas, a commercial village, golf course, and marina. The project is currently 'shovel ready'.

With the number of wealthy people increasing across the world, luxury travel is growing healthily. Emerging countries have greatly contributed to this positive performance, especially in the Asian region, thanks to increasing disposable incomes. Spain has remained a sought-after location, and due to the relaxation of visa applications for Non-EU investors, it has seen an increase in its Asian clientele in the form of increased tourist visits and those seeking secondary residences.

The funding structure Capital Corp Merchant Banking has devised consists of providing its client with $12M in common stock, $315.6M in debenture. The method by which this project is to be funded is the brainchild of Mr Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 39 years. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Register's Who's Who, and having received the Senatorial Medal of Freedom, among many others.

About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. For further information, please visit our website.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow