Desarrolladora RONOR, S.A. de C.V.

Desarrolladora RONOR is recorded as the owner of Pendry Residences on the strength of being named the brand licensee — does it hold the asset?

• Named as the licensee on the brand’s own pagePendry’s residences page names Desarrolladora RONOR, S.A. de C.V. as the Mexican company the brand is licensed to. It does not state who holds the land or the building.source ↗
• Holding the licence is not holding the assetThis register has no field for the company a brand is licensed to, so the credit sits under owner. The two are different relationships, and this record establishes only the first.

ResolvedSettled: this register records a brand licensee as its own credit, and Desarrolladora RONOR, S.A. de C.V. is recorded under it rather than as the owner. Being named the licensee on the brand’s own page is what the source establishes; no opened source states who holds the land or the building, so owner is not recorded on this project. The Grupo TGT, Grupo MRP and Central de Arquitectura joint venture remains the developer.