December 06, 2017
Global law firm Greenberg Traurig, LLP advised the developer of the Six Senses Formosa Bay Resort planned for Rio Grande Do Norte, Brazil. The firm acted as international hospitality counsel, in cooperation with Brazilian law firm Koury Lopes Advogados.
The Formosa Bay Resort is to be managed by Six Senses, which operates resorts worldwide. According to the developer, an entity owned by international businessman Greg Hajdarowicz, the resort will be one of Six Senses’s first projects in South America.
“This was a remarkable opportunity to work with one of Poland’s most prolific entrepreneurs on a unique ecological resort in an emerging tourist destination,” said Jaroslaw Grzesiak, managing partner of the law firm’s Warsaw office.
According to published plans, the resort will include 185 villas, 58 of which will include Six Senses residences, to be made available for private ownership. The seven kilometer long coastline on which the resort will be built is owned by the developer.
Greenberg Traurig’s team was led by Nelson F. Migdal, co-chair of the firm’s global Hospitality Group. The group has internationally recognized experience advising clients on landmark hospitality projects in the region, and beyond. The firm’s award-winning Latin American & Iberian Practice brings together a multidisciplinary team of lawyers to help clients identify and capitalize on business opportunities in Latin America and the Caribbean. Migdal, a shareholder in the firm’s Washington, D.C. office, was assisted by real estate associates Nicholas Palmer and Michael E. Margolis.
Eric Rosedale, Greenberg Traurig’s Head of International Real Estate Practice Development, said: “Greenberg Traurig worked closely with the developer from the inception of the project and tapped into our deep experience in the hospitality sector and Latin America generally.”
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Greenberg Traurig’s Global Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive legal counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all…