Posadas Tours “Non-Deal”

Posadas Tours “Non-Deal”


Mexico’s Grupo Posadas is set to begin today a “non-deal” roadshow to meet with fixed-income investors. The B2/B+ hotel operator begins in Los Angeles, and will hit New York and Boston before finishing in London December 14. JPMorgan is managing the process. “Posadas is in a tougher business [than homebuilders], but they don’t have to do a deal,” says an EM-focused West Coast investor eyeing the credit. He notes that Posadas does not face sizeable maturities until 2013. The hotel operator has be

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