Enjoy agrees to sell Punta del Este resort for US$160m

Enjoy has agreed to sell its Punta del Este casino resort in Uruguay to JHSF Península as part of its court-approved reorganisation in Chile. The transaction is reportedly valued at US$160m.

The agreement covers all shares in Baluma, which owns and operates Enjoy Punta del Este, according to a filing sent to Chile's CMF by Enjoy chief executive Andrea Wolleter. Enjoy subsidiaries Inversiones Enjoy SpA and Enjoy Consultora SpA signed the purchase agreement with JHSF Península on 10 April 2026.

Enjoy's reorganisation is being handled by Santiago's eighth civil court under case C-1590-2024. Enjoy said representatives of holders of its internationally issued secured bonds due in 2027 had previously informed its creditors' committee of the intention to enter the agreement.

The Martínez family, which previously owned Enjoy, had invested in the property. That investment included US$140m paid in 2013 for the then Hotel Casino Conrad and a further US$198m in 2017.

The resort has 294 rooms, five restaurants, three bars and a 5,000-square-metre convention centre with capacity for more than 5,000 people. Uruguay's Ministry of Tourism and Sport has awarded the hotel a five-star classification. The casino has 76 tables and 567 slot machines.