Ethos Asset Management Inc. USA announces an agreement in Gran Canaria, Spain, with NEW ISLAND 2020 SL, to develop and build a leisure and sports destination called AIRE BEACH CLUB

The partnership provides long-term funding to NEW ISLAND 2020 SL, to build the most complete beach club in Spain and to offer the best service and a variety of leisure and sports offers that far exceed customer expectations. .

SAN DIEGO, December 28, 2021– (COMMERCIAL THREAD) –ETHOS ASSET MANAGEMENT INC USA, announced a new long-term financing partnership with NEW ISLAND 2020 SL, a Spanish tourism and leisure development company based on the island of Gran Canaria with a capital injection of USD 4 million. NEW ISLAND 2020 SL, is the main brand, however, the group owns several different brands because each product line has its own brand with products that have their own register and patent. Specialized in hospitality, marketing, finance, music, textiles and sports. NEW ISLAND 2020 SL, has extensive experience in these sectors, with a team of experts trained to make their projects a success that stood out in the Canary Islands by attracting global brands as partners.

Carlos Santos, President and CEO of Ethos said: “We are extremely happy to partner up and support such an important and innovative project in Gran Canaria, Spain. Ethos is proud to be part of this important project and development, AIRE BEACH CLUB, a project born from the enormous need that the Island of Gran Canaria, and in particular the Municipality of Maspalomas, contains for urgent tourist renovation . Maspalomas needs to renew itself and differentiate itself in terms of leisure and sports offers. In the emerging post-Covid world, there is a new need for tourism and new accessible destinations for all of Europe.With 12 months a year of good weather, a characteristic that differentiates Gran Canaria as the best climate in the world, we want take advantage of this period of renewal to invest in one of the main tourist destinations in Europe. Within 5 years, the complex will be surrounded by 12,000 hotel beds, in addition to a new sports pier, a private airport within the facilities, a new golf course, a shopping center and all attributes and services to meet the demands of the different audiences to be accommodated. The project will provide employment and career opportunities to local people and local businesses that will benefit from the construction phases and unfold long-term opportunities. “

Federico Cabrera González, CEO, NEW ISLAND 2020 SL, said: “From me and New Island 2020, we thank Ethos Asset Management Inc., USA for the confidence placed in our project and we are proud and happy for it. AIRE BEACH CLUB is the start of an exciting project that aspires to to position itself in the medium term as one of the most recognized Beach Club brands in the world, offering a gastronomic, leisure, touristic and sporting proposition that greatly exceeds the expectations of our customers. continue to advance in the following projects in which we work together, such as: WAVE GARDEN GRAN CANARIA and AIRE LUXURY VILLAS.
“The balance between experience and passion will be the key to our success!”

Guillermo Funes, Ethos Partner, noted,

“It is a pride and a pleasure to be a partner of the Ethos team. It is an accomplishment for me, to be part of this transaction of this great New Island project. It means a little more given this It was a difficult year. I would like to thank the entire Ethos team for their efforts. Dear Carlos Santos, thank you for allowing me to be a part of it. “

About Ethos Asset Management:

Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project finance.

For more information on Ethos Asset Management, please visit https://www.ethosasset.com/.

About NEW ISLAND 2020:

NEW ISLAND 2020 is a company dedicated to the development of projects related to leisure and tourism on a global level.

For more information on NEW ISLAND 2020, please visit: https: //www.lacompañia.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211227005142/en/

Contacts

NEW ISLAND 2020 SL Contact:
Federico Cabrera González, CEO, NEW ISLAND 2020 SL [email protected]

Contact Ethos:
Guillermo Funes, Ethos Partner, [email protected]

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