2015 Travel News ArchiveTravel

Karisma gets BanReservas financing for Nickelodeon

Karisma Hotels & Resorts has announced the construction of two hotels in Uvero Alto, at the northern end of the Bavaro-Punta Cana resort area. The announcement came at the time of the signing of US$51.9 million in financing from the Banco de Reservas. The total investment by the hotel group will be US$92 million. The complex will include the first Nickelodeon hotel to be built outside the United States. Overall the complex will have 11 restaurants, a water park, casino and nightclubs.

In March 2015, the chain announced an alliance with Viacom International Media Networks (VIMN) to develop Nickelodeon Hotels, luxury family-friendly hotels using the Nickelodeon brand that is globally recognized as a children’s brand. The first Nickelodeon Punta Cana is scheduled to open in late 2016.

Karisma Hotels & Resorts operates hotels in Riviera Maya, Mexico, in Jamaica, Croatia and Colombia.

http://www.listindiario.com/economia-and-negocios/2015/5/10/366623/BR-financiara-complejo-por-US519-millones

http://www.karismahotels.com/newsandreviews/articletype/articleview/articleid/24/karisma-hotels-resorts-and-viacom-international-media-networks-sign-landmark-agreement-to-develop-nickelodeon-hotels