05/ 27 / 26
SMPS Legal Advises Parks Hospitality Holdings on Restructuring and Refinancing of Syndicated Credit for Santander Corporate Tower in Querétaro
MEXICO CITY, MEXICO, May 27th, 2026 – SMPS Legal advised Parks Hospitality Holdings (PHH) in connection with the restructuring and refinancing of a syndicated credit facility originally granted for the construction and development of Santander’s corporate office tower in Querétaro, Mexico.
The transaction involved the renegotiation of a complex financing structure with multiple lenders, requiring the coordination of commercial, financial, and strategic interests within a sophisticated refinancing process.
SMPS played a central role in the negotiation and implementation of the refinancing strategy, including the restructuring of the existing credit arrangements, amendment of financing terms and conditions, and alignment of the revised obligations with the borrower’s long-term operational and financial objectives.
The matter also required careful coordination of the amended credit documentation with the related security trust structure securing the financing, balancing lender protection while preserving collateral coverage and the viability of the overall financing framework.
This transaction highlights SMPS Legal’s strong capabilities in complex financing, restructuring, and real estate-related transactions within the Mexican market.
The SMPS Legal team was led by Iván Pérez Correa (Corporate M&A Partner), Nadiezdha Vázquez (Corporate M&A and Real Estate Partner) and Aarón Maravilla (Corporate M&A Associate).
Counterparty counsel: Ritch Mueller