Posadas Shifts Focus to Ride Mexican Growth

Jul 17, 2012

As part of a continuing strategy to strengthen its balance sheet and refocus on Mexico, Grupo Posadas has sold its South American hotels to France's Accor for $275m, it says. The deal also reflects a renewed focus on Mexico's domestic market at a time when economists are forecasting better numbers for growth in the country and in the tourism sector. "We have completed a very satisfactory transaction that will allow us to reduce our debt levels and look forward to further growth and strengthening our...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


Which area will be most profitable for investment banks in LatAm in 2016?