Arias Costa Rica advises Pursuit on acquisition of Tabacón Thermal Resort & Spa

ARIAS Costa Rica acted as legal counsel to Pursuit Attractions and Hospitality, Inc. ("Pursuit") in the successful acquisition of the renowned Tabacón Thermal Resort & Spa, located in La Fortuna, at the foot of the Arenal Volcano in Costa Rica.

This transaction marks Pursuit’s first investment in the country. ARIAS provided comprehensive legal advice during all stages of the process, including:

1. Due diligence of the resort’s assets, operations and regulatory compliance.
2. Structuring and negotiation of the transaction documents.
3. Advice on real estate and environmental regulations.
4. Support on corporate, labor and tax issues.
5. Legal assistance during closing and post-closing.

This acquisition represents an important milestone in Pursuit’s international expansion. Tabacon’s world-class hot springs and jungle setting make it an outstanding addition to the company’s portfolio of iconic destinations.

Michael Archiopoli, Pursuit’s Assistant General Counsel, commented:

"The support of the ARIAS team in this transaction was invaluable to Pursuit’s success in bringing this acquisition to fruition. We appreciate the guidance provided at every stage of the process and look forward to continuing to build a strong relationship going forward."

The transaction highlights ARIAS Costa Rica’s strength in cross-border M&A, hospitality and environmental law, as well as its commitment to providing strategic and business-oriented legal solutions to international investors in the region.

The transaction was led by the ARIAS M&A team: Andrey Dorado (Partner), Tracy Varela (Senior Counsel) and Arianne Silva (Senior Associate), with additional support from:

• Carolina Flores, Partner
• Carlos Camacho, Partner
• Carlos Ubico, Partner
• Carolina Soto, Partner
• Vivian Gazel, Senior Counsel
• Luis Diego Obando, Senior Counsel
• German Rojas, Senior Counsel
• Ulises Arias, Financial Tax Advisor
• Fabiola Tames, Associate
• Natalia Hernández, Associate

ARIAS thanks Pursuit for their trust and congratulates its team for this important achievement, which reaffirms the firm’s commitment to legal excellence and support for high impact investments in the region. ARIAS stated that they are excited to continue accompanying them in this new and exciting chapter in Costa Rica.

ariaslaw.com