Santo Domingo subsidiary in talks to buy Decameron

Terranum Hotels is reportedly in discussions with all-inclusive hotel owner and operator Decameron Hotels & Resorts to buy Decameron for about US$500 million.

Initial reports of the proposed purchase of Decameron Hotels & Resorts, Panama City, by the conglomerate Grupo Santo Domingo’s Terranum Hotels, Bogotá, Colombia, first surfaced in October.

Decameron operates 45 hotels in 16 countries in Latin America, the Caribbean and Africa and also operates tours.