Cipriani, a renowned international hospitality brand, has secured a substantial financial boost in the form of a $190 million loan to support its expanding luxury portfolio. The loan, provided by Beach Point Capital Management LP and Sparta Capital Management Ltd., will help fund one of the company’s most ambitious ventures yet—the Cipriani Resort, Residences, and Casino Punta Del Este, a $500 million oceanfront development in Uruguay.
Cipriani’s global expansion and strategic growth:
This partnership highlights a significant step in Cipriani’s global expansion, reinforcing its presence in the luxury hospitality market. The resort in Punta del Este will be a flagship project for the Cipriani brand, marking its first-ever casino venture. The financing from Beach Point and Sparta Capital will support the construction of the first phase of the resort, which will feature 64 lavish suites. Plans are already in place for an additional 120 suites in subsequent phases.
The luxury resort will also boast 68 exclusive residences, an exclusive Cipriani beach club, high-end boutiques, and a world-class casino. The overall development, designed by renowned architect Rafael Viñoly, will not only add a significant landmark to the region’s coastline but also establish the Cipriani name as a leading player in both the luxury resort and casino industries.
Beach Point’s Head of Private Credit, Michael Haynes, expressed enthusiasm over the partnership, emphasizing Beach Point’s experience and expertise in the hospitality and gaming sectors. Haynes noted, “We were thrilled to be able to partner with Giuseppe Cipriani and his team to provide this carefully tailored financing to meet the capital needs of the company as it builds on its strong momentum as a market-leading luxury brand.” He also pointed out the critical role of their collaboration in facilitating the timely progress of the Punta del Este project, as reported by Beach Point Capital Management via PR Newswire.
Giuseppe Cipriani, the CEO of Cipriani, echoed Haynes’ sentiments, stating that the financing will accelerate Cipriani’s global expansion. “We truly value Michael and the Beach Point team’s partnership. This financing will accelerate the global expansion of Cipriani’s footprint,” said Cipriani. He further emphasized that Beach Point’s sector-specific expertise and their creative, collaborative approach made them the ideal partner for this project.
The Cipriani Resort, Residences, and Casino Punta del Este is set to open by December 2025, marking a major milestone in Cipriani’s international portfolio. This resort will be the largest luxury resort in South America, surpassing any other in the region in terms of size and scope.
A new luxury landmark in Punta del Este:
Cipriani’s Punta del Este project promises to redefine luxury in Uruguay and beyond. Once completed, the resort will consist of three residential towers, ranging in height from 30 to 60 stories, along with a range of exclusive amenities. In addition to the suites and residences, the resort will include a conference center, two restaurants, a spa, an outdoor swimming pool, and a state-of-the-art gymnasium with meditation and yoga rooms. There will also be a golf simulator to cater to guests’ recreational needs.
The resort’s casino, which will be the first-ever Cipriani-branded casino, is expected to attract high-end visitors and gaming enthusiasts alike, adding a new layer of luxury to the region’s hospitality offerings. This project marks a significant departure for Cipriani, whose brand has been traditionally associated with high-end restaurants, private clubs, and event spaces in cities such as Venice, New York, London, and Dubai.
This development in Punta del Este will undoubtedly elevate the region’s status as a premier luxury destination, offering unparalleled accommodations and exclusive experiences for discerning travelers.
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