The firm acted as counsel to Hermes Desarrollos Turísticos, S.A. de C.V., and Construcción de Proyectos Turísticos Hermes, S.A. de C.V., subsidiaries of Grupo Hermes, in the negotiation and execution of a credit agreement with (i) Banco Sabadell, S.A., Institución de Banca Múltiple, (ii) Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte, and (iii) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander, for an amount of USD$210,000,000.00. The collateral of the loan is (i) a mortgage over the properties where the hotels operated under "Secrets Playa Mujeres" and "Dreams Playa Mujeres" trademarks are located in Playa Mujeres-Cancún, Estado de Quintana Roo, México; (ii) the collection rights of the operation of the hotels, that were contributed to a security trust agreement; (iii) non-possessory pledges over each borrower's assets; and (iv) stock pledge over all the shares of the capital stock of the borrowers.