Beach Point Capital Provides $190 Million Financing to Support Expansion of Cipriani and its Global Premier Luxury Hospitality Platform

Private credit facility will accelerate development of Cipriani's collection of premier properties, including Punta del Este, a unique luxury resort, residences and casino project.

SANTA MONICA, Calif. and NEW YORK, June 11, 2025 /PRNewswire/ -- Certain funds and accounts managed by Beach Point Capital Management LP ("Beach Point"), an alternative asset manager, together with certain funds managed by Sparta Capital Management Ltd ("Sparta Capital") made a $190 million loan to Cipriani to support the growth and expansion of Cipriani and its global luxury hospitality platform, including one of its newest projects, Cipriani Resort, Residences and Casino Punta Del Este, a more than $500 million dollar project in Uruguay.

Cipriani is a leading international hospitality company that owns and operates luxury restaurants, private members' clubs, landmarked event spaces, hotels and residences around the world in cities such as Venice, New York City, London, Los Angeles, Miami, Monte Carlo and Dubai, among others. The Cipriani Resort, Residences and Casino Punta Del Este is a luxury oceanfront resort that will feature a hotel with 64 suites in its first phase and additional 120 to follow, 68 residences, the first-ever Cipriani Casino, an exclusive beach club and luxury boutiques.

Beach Point's Head of Private Credit, Michael Haynes, said: "We were thrilled to be able to partner with Giuseppe Cipriani and his team to provide this carefully tailored financing to meet the capital needs of the company, as it builds on its strong momentum as a market leading luxury brand. Beach Point has meaningful experience in the hospitality and gaming sector, and we are pleased to be able to couple that with our creativity and structuring expertise on this transaction."

Giuseppe Cipriani, Chief Executive Officer of Cipriani, said: "We truly value Michael and the Beach Point team's partnership. This financing will accelerate the global expansion of Cipriani's footprint. Beach Point's sector expertise, ingenuity and collaborative approach make them the ideal capital provider for Cipriani, including this unique project in Punta del Este, where we look forward to welcoming guests next year."

About Beach Point
Beach Point is a multi-strategy investment manager making private equity, credit, real estate and structured product investments. As of March 31, 2025, Beach Point manages approximately $19.3 billion in AUM on behalf of a predominantly institutional client base. Headquartered in Santa Monica, CA, Beach Point also has offices in New York, London, and Dublin. For more information, visit https://beachpoint.capital

About Sparta Capital
Sparta Capital is a multi-strategy investment manager making both public and private investments through a variety of funds. As of March 31, 2025, Sparta Capital manages approximately $550 million in AUM on behalf of institutional clients and family offices. Sparta Capital is headquartered in London, UK.

About Cipriani
On May 13, 1931, Giuseppe Cipriani opened Harry's Bar on the first floor of an abandoned rope warehouse off a dead end in Piazza San Marco, Venice.  At 50 square meters, it appeared to be a typical "cozy" Venetian restaurant, but with the careful attention to detail and perfectly proportioned furniture, glasses and cutlery Harry's Bar was anything but typical. Unchanged since 1931 and now a National Landmark, its famously relaxed atmosphere, great food and warm service have catered to a very eclectic clientele that has included through the years Hollywood legends, royalty, artists and people from all over the world. It has been constantly imitated but never reproduced.

In the 94 years since and with three generations of Cipriani family members leading the growth, Arrigo, Giuseppe and his sons Ignazio and Maggio, the family has developed into a leading international hospitality brand, with restaurants, landmarked event spaces, residential, luxury hotels, a line of food and drink products and private membership clubs around the world including  Venice, Milan, New York, Miami, Mexico City, Dubai, Abu Dhabi, Hong Kong, Monte Carlo, Ibiza, Marbella, Riyadh, Las Vegas, Istanbul, Doha, Bahrain, Los Angeles and the upcoming Punta del Este and Batumi, Georgia.

The timeless values of love for service, lack of imposition, quality of products and luxury in simplicity are still valid today as they were in 1931.

Press Contacts
Beach Point Capital Management, LP
Prosek Partners
Josh Clarkson / Devin Shorey
[email protected]

Cipriani
Stefania Girombelli
[email protected]

Sparta Capital
Greenbrook Advisory
Rob White
[email protected] 

SOURCE Beach Point Capital Management