Santiago, December 21, 2022
Gentlemen
Financial Market Commission
PRESENT
ESSENTIAL FACT
INVESTMENT FUND INVERSIONES HOTELERAS,
Managed by Larraín Vial Activos S.A. Administradora General de Fondos
REF.: COMMUNICATES AGREEMENT.
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”).
On December 20, 2022, it was subscribed by Inversiones Hoteleras Holding SpA,
subsidiary company of the Fund (the “Seller”) and the company Inversiones Hoteleras C y A S.A. (the
“Buyer”) a binding agreement in relation to the sale of all of the shares of the
company Inmobiliaria Cerro San Cristóbal SpA, subsidiary of the Seller and in turn owner of the property
where the Sheraton Santiago Hotel is located (the “Compraventa”).
The value agreed for this sale amounts to the sum of 15,000,000 dollars of the States
United States of America. Additionally, the price could be increased by the sale of certain assets.
Operational, price that will be fixed at the closing date. On the other hand, Inmobiliaria Cerro San Cristóbal
SpA shall assume a debt from the Seller in the amount of 57,000,000 United States dollars
America, which will be served by Inmobiliaria Cerro San Cristóbal SpA, under the conditions agreed upon
with the Financing Bank, releasing the Seller up to such amount of such liabilities.
The conclusion of the Sale is subject to the fulfillment of certain conditions within the
Deadline expires on January 31, 2023.
In relation to the financial effects for the Fund, it is reported that Inmobiliaria Cerro San Cristóbal
SpA represents approximately 36% of the value of the Fund’s assets.
Finally, and in relation to the above, I hereby inform you that the Board of Directors of the
Administrator agreed to summon extraordinary meeting of contributors of the Investment Fund Investments
Hotel to be held on January 4, 2023 at Avenida El Bosque Norte 0177, 4th floor, commune of
Las Condes, Santiago, at 11.00 a.m., in order to deal with the following matters:
1. To give an account of the agreement to dispose of 100% of the shares of the company called
Inmobiliaria Cerro San Cristóbal SpA, a subsidiary of Inversiones Hoteleras Holding SpA that
is also a subsidiary of the Fund, which owns the property where the Sheraton Hotel is located
Santiago.
2. To adopt such other resolutions as may be necessary to implement the decisions of the Assembly.
RIGHT TO PARTICIPATE IN THE ASSEMBLY
The Contributors who are registered in the Register of Contributors shall have the right to participate in the Meeting.
of Contributors at midnight on the fifth business day prior to the date of its celebration.
SYSTEM OF PARTICIPATION AND REMOTE VOTING IN ASSEMBLIES OF
CONTRIBUTORS
In view of the restrictions imposed by the national authorities in respect of the
displacement and gatherings of people, based on the “Covid-19” pandemic and bearing in mind the
established in General Standard No. 435 and Circular No. 1.141 of the
Commission for the Financial Market, the Administrator has made available to the gentlemen
provide technological means so that they can participate and vote in the Assemblies.
QUALIFICATION OF POWERS
The classification of powers, if applicable, shall be made on the same day as the Assembly, at the place of its
and the time at which it is to begin.
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=386926687a5cabdf5152bdc864b209c2VFdwQmVVMXFSWGxOUkZFMFRsUlZlVTVCUFQwPQ==&secuencia=-1&t=1682376108
