Santiago, January 19, 2023
Gentlemen
Financial Market Commission
PRESENT
ESSENTIAL FACT
INVESTMENT FUND INVERSIONES HOTELERAS
Managed by Larraín Vial Activos S.A. Administradora General de Fondos
REF.: COMMUNICATES SALE AND REFINANCING.
From our consideration:
In accordance with the provisions of Articles 9 and 10 of Law No. 18,045 on the Securities Market and the
Article 18 of Law 20,712 on Administration of Third Party Funds and Individual Portfolios,
being duly empowered to do so, I come to report the following as Fact
Essential Investment Fund Inversiones Hoteleras (the “Fund”), managed by Larraín Vial
Activos S.A. Administradora General de Fondos (the “Administrator”).
We refer to the essential fact dated December 21, 2022, by virtue of which it was communicated to that
Commission and the market in general about the binding agreement signed on December 20,
2022, between Inversiones Hoteleras Holding SpA, a subsidiary of the Fund (the “Seller”, and the company
Inversiones Hoteleras C y A S.A. (the “Buyer”) in connection with the sale of all of the
shares of the company Inmobiliaria Cerro San Cristóbal SpA (the “Target Company”), a subsidiary of the
Seller and owner of the property where the Sheraton Santiago Hotel is located (the
“Sale”, which was subject to the fulfillment of certain suspensive conditions within
of the deadline that expires on January 31, 2022.
In this regard and having fulfilled the agreed conditions, it is reported that on January 19,
2023 the agreements of the Sale and Purchase were materialized, transferring all the shares of the
Target Company at a final price equivalent to US$ 15,000,000
America, price that was paid in cash. On the other hand, and as part of the transaction, the Buyer
acquired the Target Company with a debt with the financing Banco Itaú in the amount of 57,000,000
United States dollars, with the existing debt of the
Seller with that entity.
In relation to the reported transaction, Inversiones Hoteleras Holding SpA and Banco Itaú agreed
Refinance the remaining current debt. Refinancing conditions include 8 years of
term, 2 years fixed rate and then variable at SOFR rate plus a certain spread, annual payments of
interest as of December 2023, and increasing capital amortizations throughout the period.
Yours sincerely yours,
Claudio Yáñez Fregonara
GENERAL MANAGER
LARRAÍN VIAL ACTIVOS S.A.
ADMINISTRADORA GENERAL DE FONDOS
EC. Santiago Stock Exchange; and
Electronic Stock Exchange of Chile
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=f1125df10c7aa794b45cb661585b0476VFdwQmVVMTZRWGhOUkVGNVRucHJlRTVuUFQwPQ==&secuencia=-1&t=1682376108
