SAN DIEGO – (BUSINESS WIRE) – Dec. 27 2021–

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 4 million USD. 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 to 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 demand of different audiences. to be welcomed. 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 from 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 position itself in the medium term as one of the most recognized Beach Club brands in the world, offering a gastronomic, leisure, tourist and sporting proposition that greatly exceeds expectations. of our customers. Confident that this is the start of a long relationship that will lead us to continue moving forward 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 an associate of the Ethos team. It is an accomplishment for me to be part of this transaction of this great New Island project. That means a bit more given this difficult year. I would like to thank the effort of the entire Ethos team. 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/

CONTACT: NEW ISLAND 2020 SL Contact:

Federico Cabrera González, CEO, NEW ISLAND 2020 SLfede.b2b@gmail.com Ethos Contact:

Guillermo Funes, Ethos Partner, gmofunes@me.com

KEYWORD: EUROPE SPAIN UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: BUILDING COMMERCIAL & REAL ESTATE CONSTRUCTION & REAL ESTATE FINANCING PROFESSIONAL SERVICES HOUSING DESTINATIONS OTHERS CONSTRUCTION & REAL ESTATE HOLIDAYS TRAVEL

SOURCE: Ethos Asset Management

Copyright Business Wire 2021.

PUB: 12/27/2021 8:45 p.m. / DISC: 12/27/2021 8:46 p.m.

http://www.businesswire.com/news/home/20211227005142/en

Copyright Business Wire 2021.