Jeffrey Ulatan Acquires 38% stake of $1.2Bn Resort and Casino

Solaire Resort & Casino. Image provided by Wikipedia.

Ulatan Holdings, Inc., President Jeffrey Ulatan announced this week that he has accepted an offer to acquire 38% shares and voting rights stake at the $1.2BN Solaire Resort and Casino in Manila.



August 27, 2019 - Ulatan Holdings, Inc.a New York Private Equity Company, announced Thursday that it has accepted a deal to acquire 38% stake of Solaire Resort & Casino from Bloomberry & Sureste Holdings. Jeffrey Ulatan, the 28 year old President of the Holdings company, announced his partnership with the resort has garnered his interest in purchasing the Resort & Casino, and is on track to become a Majority Shareholder in the Resort & Casino by 2025.

The total amount of the deal was not disclosed during the press conference, but is estimated to be about $500M (USD). Ulatan Holdings, Inc. acquisition of the hotel is part of the company's goal of investing in the booming Asia Pacific market. Despite the U.S. trade-wars, Jeffrey Ulatan has remained optimistic on his investments in the Asia Pacific Markets.


Disclaimer: The information does not constitute advice or an offer to buy. Any purchase made from this story is made at your own risk. Consult an expert advisor/health professional before any such purchase. Any purchase made from this link is subject to the final terms and conditions of the website's selling. The content publisher and its distribution partners do not take any responsibility directly or indirectly.  If you have any complaints or copyright issues related to this article, kindly contact the company this news is about.


Source: SubmitMyPR
Release ID: 12539