Sun Dreams poised to buy all casinos for US$26 million
Thunderbird Resorts Inc. (Euronext Amsterdam: TBIRD and FSE: 4TR), has announced that the Group is pleased to announce that it has signed binding agreements with Sun Dreams S.A. of Chile to sell all of our Peruvian gaming operations plus the approximately 7,000 m2 of gaming real estate and approximately 150 parking spaces. The price for these assets is USD $26 million.
The Group owns a mixed-use, 19-story tower in Lima, Peru that is comprised of a 66 all-suite hotel, approximately 5,400 m2 of leasable offices, approximately 7,000 m2 casino operation with approximately 680 gaming positions, and 308 underground parking spaces. The Group also operates 3 other gaming operations in Peru, with an additional approximately 560 gaming positions.
The transaction is subject to certain conditions precedent and regulatory approvals, and is projected to be completed before the end of January 2018, said, Salomon Guggenheim, Thunderbird Resorts Inc., Chief Executive Officer and President, in a company press release.
The Group is not selling its 66 all-suite Fiesta hotel, or its approximately 5,400 m2 of leasable offices or the remaining parking area as a part of this transaction. We will continue to pursue transaction(s) that support the best interests of shareholders as per the shareholder mandate set forth in the September 21, 2016, (E-10.10.17)