GSO loan vehicles support resort growth
Published: 22 July 2016
GSO alongside a broad syndicate of lenders provided CLO financing to Club Mediterranée who specialise in the sale of all–in holidays at a number of vacation resorts. The funding helped the acquisition by Fosun who has undertaken to significantly increase investment, with 10 new resorts planned to open over the next three years. Furthermore a great number of resorts across the EU, Asia and Americas will be extended and renovated as a result.