Hotel Fibra Sets Target

Hotel Fibra Sets Target

Mexico Equity

Mexico’s Grupo GDI has scheduled November 29 as the pricing date for the IPO of its Fibra Hotelera Mexicana, targeting more than MXP4bn ($302m). The transaction will create a fund holding hotel assets, according to regulatory documents, and is set to be the second-ever Fibra and the first with a hotel focus. GDI is offering 194m shares at MXP18.00-MXP21.00 each, indicating a MXP4.35bn deal if done at the midpoint and a 15% greenshoe is exercised. The issuer plans to place 30% of the deal with in

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