In a show of financial precision, private equity firms Beach Point Capital Management LP and Sparta Capital Management Ltd. on Wednesday secured a $190 million loan to bolster Cipriani’s luxury expansion. Sidley Austin LLP advised Beach Point, while Cipriani was guided by Paul Hastings LLP on the transaction.

The funds will fuel the construction of The Cipriani Resort, Residences and Casino Punta del Este in Uruguay—an oceanfront project with a price tag of $500 million.

Resort Rising from the Shores: Uruguay's Crown Jewel

In its first development phase, the resort will feature 64 lavish suites, with another 120 slated for future phases. The facility will host Cipriani’s inaugural casino, complemented by an exclusive beach club and high-end boutique retail space, according to the statement.

“This financing will accelerate the global expansion of Cipriani's footprint,” said CEO Giuseppe Cipriani. He praised Beach Point’s “sector expertise, ingenuity and collaborative approach,” as essential to completing the project on time for next year’s preview season.

A Global Brand Gains New Wings

Cipriani’s portfolio spans elite restaurants, private clubs, event venues, hotels, and residences across major cities—Venice, New York, London, Los Angeles, Miami, Monte Carlo, and Dubai.

Beach Point, based in Santa Monica, manages about $19.3 billion in assets as of March 31, focusing on private equity, credit, and real estate—using its hospitality and gaming sector experience to tailor financing for Cipriani’s expansion. “We were thrilled to partner with Giuseppe Cipriani and his team,” said Michael Haynes, Beach Point’s head of private credit.

Sparta Capital Joins the Financiers

London-based Sparta Capital, managing approximately $550 million in public and private investments, joins the financing team, though specifics of their loan terms remain undisclosed.

What’s Next? Construction and Counsel

Legal counsel details for Beach Point’s Sidley team, Cipriani’s Paul Hastings advisors, and Sparta Capital’s legal support have not been released.

As ground is broken in Uruguay, Cipriani stands poised to blend its signature luxury and charisma with a bold new destination—one spotlighted by this crisp and crucial $190 million financing loan.