Hilton Worldwide (NYSE: HLT) continues its expansion in Mexico with the opening of Hampton Inn by Hilton Piedras Negras. The newly built hotel, owned and managed by Administradora Inova RBC, joins the Hampton by Hilton family which also includes Hampton Inn & Suites by Hilton and Hampton Inn by Hilton hotels.
Solmar Hotels & Resorts recently launched six new websites designed by Milestone www.solmar.com and has seen a significant increase in guest engagement, online room bookings, and leads for weddings and meetings. Solmar's new websites, designed on Milestone's Galexi™ CMS platform, showcase the hotel collection with visually striking designs, stunning images, and engaging content to connect with their audience of luxury vacation and business travelers.
Deutsche Bank México, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) ("Fibra Inn" or "the Company"), the Mexican real estate investment trust specializing in the hotel industry serving the business traveler with global brands, today announced the payment and acquisition of the Courtyard by Marriott Chihuahua hotel, which adds 152 rooms to the portfolio.
On July 13, RLH Properties successfully carried out a follow-on offering for a total of Mx$1,338'430,880.95 (approximately US$73.1 million), including overallotment, which represents a 48.49% of RLH Properties' equity. This is the first equity capital offering in Mexico after Brexit and the hike of interest rates by the Central Mexican Bank (Banco de México). Despite market conditions, the transaction generated a lot of interest and long-term commitments from investors, proving confidence in RLH Properties and its management team. In particular, confidence by institutional investors who acquired the largest percentage of the offering (especially, Mexican pension funds – "Afores").
Primary public offering for a total amount of Mx$1,338,430,888.95.
Price per share was settled at Mx$15.45, a 2% above the pricing at the IPO. A total of 86,629,831 shares were issued.
Through this offering, RLH Properties converts itself from a SAPIB to a SAB in record time. This case is an example of the opportunities that mid-cap companies can obtain financing through the Mexican Stock Exchange (BMV, by its Spanish initials).
Evercore Partners Mexico acted as Financial Advisor. Evercore Casa de Bolsa acted as Leading Coordinator and Underwriter of the public offering, and Casa de Bolsa Banorte Ixe together with BTG Pactual Casa de Bolsa acted as Underwriters.
Mexico City -- On July 13, RLH Properties successfully carried out a follow-on offering for a total of Mx$1,338'430,880.95 (approximately US$73.1 million), including overallotment, which represents a 48.49% of RLH Properties' equity. This is the first equity capital offering in Mexico after Brexit and the hike of interest rates by the Central Mexican Bank (Banco de México). Despite market conditions, the transaction generated a lot of interest and long-term commitments from investors, proving confidence in RLH Properties and its management team. In particular, confidence by institutional investors who acquired the largest percentage of the offering (especially, Mexican pension funds – "Afores").
The net proceeds of the follow-on will be used in the construction of the One&Only Mandarina Hotel to be located on a 34-hectare lot on the Nayarit Riviera. The net proceeds could also be used on potential investments in the Four Seasons Hotel in Mexico City, owned by RLH Properties, as well as towards potential acquisitions of high-end hotels reinforcing, therefore, RLH Properties' positioning as a reference in the luxury hotel sector.
It is important to consider that RLH Properties debuted in the Mexican Stock Exchange last November as an Anonymous Company of Investment Promotion in the BMV (SAPIB in Spanish), taking advantage of the modifications in the BMV regulation which facilitate the access of small and mid-cap companies to the BMV. After only eight months of RLH Properties' IPO, the company has now become a regular Listed Company (SAB in Spanish). RLH Properties is now a clear example of how these mid-cap companies can successfully access public market to obtain financing in Mexico.
On behalf of RLH Properties' team, we want to thank all the investors who participated in this offering, as well as our Underwriters (Evercore, Banorte and BTG Pactual) and Advisors (Galicia Abogados, Greenberg Traurig and PricewaterhouseCoopers).
Grupo Presidente, one of the leading hotel chains in Mexico has selected eRevMax to manage its online distribution through dynamic channel management and price intelligence. 9 properties of the group have been using RateTiger Channel Manager and Shopper to manage and monitor rates and availability across multiple online sales channels from a single platform.
The Mexican hotel industry reported mostly positive results in the three key performance metrics for the second quarter of 2016, according to data fromSTR.Compared with Q2 2015, the Mexican hotel industry's occupancy was mostly flat (-0.5% to 63.3%). However, average daily rate was up 15.8% to MXN2,079.87, and revenue per available room grew 15.2% to MXN1,317.20."Performance was pretty similar to the first quarter with a weakened Peso as the main reason behind Mexico's hotel success," said Fatima Thompson, STR's associate director of business development, hotels. "Based on proximity alone, Mexico gains a lot of travelers from the U.S. But a lot of people realize that now is a good time to take advantage of the value, and hoteliers have capitalized with increased rates. It will be interesting to monitor the impact of Brexit on the Peso and ultimately the hotel industry in Mexico."Among the key markets in the country, Northwest Mexico posted the largest spike in RevPAR (+52.3% to MXN1,432.36), driven primarily by the country's largest increase in ADR (+49.2% to MXN2,355.25). Occupancy in the market was up 2.1% to 60.8%.Mexico City experienced the largest rise in occupancy (+8.3% to 70.7%). That coupled with a 19.9% increase in ADR to MXN2,486.43 pushed RevPAR up 29.8% to MXN1,758.07.The only decreases in any of the three key performance metrics were reported in the Yucatan Peninsula (occupancy -6.4% to 69.1%) and Northeast Mexico-Monterrey (occupancy -0.2% to 65.6%)."The country as a whole is such a great deal, it appears as if people are exploring areas outside of the always popular destinations."A note to editors: As of 1 March 2016, all references to STR data and analysis should cite "STR" as the source. Please refrain from citing "STR, Inc." "Smith Travel Research" or "STR Global" in sourcing as those names no longer fit within the updated STR brand.Additional Performance DataAre you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises more than 54,000 hotels and 7.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
Marriott International, Inc. (NASDAQ: MAR) announced today the signing of agreement with Inmobiliaria Turistica de Mazatlan to bring Marriott International's rapidly growing Courtyard brand to Mazatlán, Sinaloa, Mexico. Construction of the 200-room Courtyard property is set to begin in late 2016 and it is expected to open in 2019. The hotel is owned by Inmobiliaria Turistica de Mazatlan, S.A. and managed by Marriott International. Once completed, Courtyard Mazatlán will be poised to attract business travelers by offering a refreshing ambience that helps guests stay connected, productive and balanced while traveling.
Marriott International celebrates the opening of the 133-room Courtyard Hermosillo Hotel, located near the city's most famous attractions, including the beautiful Cerro de la Campana and the Plaza Patio shopping mall. The new Courtyard is a prime business hotel option for visitors to the city as it is centrally located to major players in the automobile industry. It boasts a refreshingly designed lobby area complete with complimentary Wi-Fi and media pods – perfect for conducting business or staying connected to family and friends while on the road.
Thompson Playa del Carmen, the first luxury lifestyle-driven hotel in Riviera Maya, today announced the appointment of Nicholas Gold as its new General Manager. With more than 20 years of hospitality experience, Gold will be responsible for overseeing all aspects of the day-to-day operations at Thompson Playa del Carmen, including the rooms division, sales and marketing, revenue management, food and beverage, finance and entertainment. In this multi-faceted role, Gold will ensure that all Thompson Playa del Carmen services and facilities reflect quality standards, while delivering a consistent level of superior service for guests.
NIZUC Resort & Spa, the flagship property of Brisas Group’s elite luxury resort line, is pleased to announce the appointment of Jaime Jaramillo as Managing Director, effective July 1, 2016. Jaramillo will oversee that all departments at the resort are operating at the utmost level of luxury that NIZUC has become known for, including the award winning Spa by ESPA, six world class restaurants on property and the conference and events center. Jaime Jaramillo has more than 25 years of experience in the tourism industry working for various internationally renowned hotels throughout California, Bermuda and Mexico. Jaramillo began his career in Bermuda, then honing his luxury hospitality expertise long-term with Four Seasons Hotels & Resorts at its properties in Santa Barbara, Aviara in San Diego, and Mexico City. From there and for the next 13 years, Jaramillo moved on to top level corporate positions with Quinta Real Hotels & Resorts throughout Mexico.
Hilton Worldwide (NYSE: HLT) continues its expansion in Mexico with the opening of the new Hampton Inn by Hilton Durango. The 125-room hotel, owned and managed by Santurin SA de CV, joins the global brand of Hampton Inn by Hilton, Hampton Inn & Suites by Hilton and Hampton by Hilton hotels.
Hilton Worldwide (NYSE:HLT) announced today the opening of the new 226-room DoubleTree by Hilton Veracruz, conveniently located across from the beach overlooking the harbor, with direct access to the historic center and the most modern shopping, business and entertainment district. This new hotel is the latest addition to the DoubleTree by Hilton brand portfolio, which already has more than 460 DoubleTree by Hilton hotels in 38 countries.
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and Mexican-based Alkoer announce a joint venture to develop two Staybridge Suites® hotels in the cities of Irapuato and Silao, both in the state of Guanajuato.
Royal Hideaway Playacar is pleased to announce the return of Teresa Alfonso to the position of Hotel Director. Mrs. Alfonso led operations from the property’s launch through its first seven years, and is widely considered to have set a new standard for luxury all-inclusive accommodations. She returns to Royal Hideaway Playacar to oversee a revitalization of the iconic property, set to be completed in December 2016.
InterContinental Hotels Group (IHG®) today announces the opening of the new-build Staybridge Suites San Luis Potosi hotel in Mexico. As the first Staybridge Suites® in the city, the 97-suite property joins IHG's other hotels nearby including Holiday Inn Express San Luis Potosi hotel and Holiday Inn San Luis Potosi-Quijote hotel. This is IHG's sixth Staybridge Suites property in Mexico with other hotels located in Chihuahua, Guadalajara, Monterrey, Puebla and Queretaro.
STR's May 2016 Pipeline Report shows 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region. The total represents a 5.8% decrease in rooms Under Contract compared with May 2015 but a 3.0% year-over-year increase in rooms In Construction.Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 12,616 rooms in 80 projects In Construction for the month.Among the countries in the region, Mexico reported the most rooms In Construction with 7,981 rooms in 58 hotels. The Dominican Republic (1,208 rooms in six hotels) was the only other country to report more than 1,000 rooms In Construction.
UNICO HOTELS, a new aspirational adults-only, all-inclusive hotel brand designed to reflect each property’s locale and native culture, has officially launched. The nomenclature will play on the latitude and longitude of each location with the first hotel, 20° 87°, an UNICO Hotel located in Riviera Maya on Mexico’s Yucatan Peninsula, scheduled to open in Q1 2017.
Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced the designation of two exceptional hotels in Latin America, Sheraton Grand Panama and Sheraton Grand Los Cabos, Hacienda Del Mar, welcoming them to the brand's premier tier of hotels recognized for their enticing destinations, distinguished designs, and excellence in service and guest experiences. The two Latin America Sheraton Grand properties join Sheraton Grand Rio Hotel & Resort in Brazil, which earned its designation when Sheraton Grand launched last year, as well as 27 other Sheraton Grand properties around the world. Sheraton Grand is one of many initiatives currently underway for Sheraton 2020, a comprehensive plan designed to solidify Sheraton as a leading global hotel brand of choice, everywhere.
he 188-room AC Hotel® Guadalajara Mexico and the 175-room AC Hotel® Queretaro Antea, opened its doors, inviting guests to experience Mexico's newest class of lifestyle hotels that cater to the creativity and passions of travelers with a millennial mindset. Both properties are owned and were developed by FibraHotel and are operated by Marriott International.
Mexican real estate and investment firm Sun-Star Group led by real estate developer Omar O'Rourke Martinez and his partner Thomas Wahl, a seasoned hotel executive, have executed an agreement with Carlson Rezidor Hotel Group, for the development and operation of a Radisson Blu Hotel at Lake Chapala, with an option for additional territories.