Posadas Shifts Focus to Ride Mexican Growth (1)

Posadas Shifts Focus to Ride Mexican Growth (1)

Mexico M&A

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

Already have an account?

Free trial

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

Free Trial