Hoteles City Express S.A.B. De C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of 8 hotels reaching 152 hotels in operation and more than 17,100 rooms installed over the next weeks.
Hoteles City Express, S.A.B. de C.V. ("Hoteles City" or the "Company") (BMV:HCITY) announced today its intention to launch an offering of common stock in a global primary and secondary offering both in Mexico and internationally, subject to market conditions and the receipt of certain regulatory authorizations.
IFC, a member of the World Bank Group, has become an anchor investor in BHG S.A.- Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) with a$25 million equity investment during the company's recent successful public offering of approximately$200 million.
The acquisition of this hotel portolio of Grupo Posadas, a Mexican hotel company, is fully in line with Accor's ambitious development strategy launched last September, which includes notably Accor's ability to reinforce its leadership in emerging markets, through selective acquisitions. That follows the Mirvac acquisition in Australia and New Zealand, closed on May 22nd.
Currently, Grupo Solare manages 7 hotels in Sao Luis, in the budget (Soft Inn), economy (Expresso XXI), and midscale (Solare Hoteis and Suites) categories, totaling 858 rooms. The Group also manages the luxury hotel Gran Solare Lencois Resort, with 242 rooms, which located at the entry gate of the Lencois Maranhenses National Park, in the city of Barreirinhas.
HVS, a leading consulting firm in the hotel, tourism, and leisure industry and related real estate business, through its office in Buenos Aires, is organizing SAHIC 2011 ‐ South American Hotel & Tourism Investment Conference, to be held at the W Santiago Hotel, in Santiago, Chile, on September 21‐22, 2011.
Cornell University's School of Hotel Administration will sponsor the second annual South American Hotel & Tourism Investment Conference (SAHIC), which will be held September 14 and 15, 2009, at the Sofitel Rio de Janeiro, Brazil. More than 500 of the most influential players in the hotel investment industry are expected to gather at this meeting, which is structured after the major international hotel investment conferences in Berlin (IHIF), Dubai (AHIC), Hong Kong (HICAP), Mumbai (HICSA), New York (NYU), and San Diego (ALIS) and is quickly becoming the epicenter of the hospitality and travel investment world in South America.
Key players from the Hotel & Tourism Business World will be together once again under the premise “Rethinking, Recreating, and Reinventing the Hospitality Industry.” It will be a great chance to exchange information related to investment opportunities in the region.
Brazil’s proximity to the United States, along with its growing middle class, large domestic market and favorable exchange rate, make it a prime target for development by American hotel companies. James Chappell, managing director of STR Global, said Brazil and South America are very attractive to American brands because they are close to home, are located in similar time zones and almost universally accept the U.S. dollar.
Hotels are among the leading asset class for investment in Brazil, according to Jones Lang LaSalle Hotels’ research report Investment case for Brazil, released today. Brazil’s economy, while exposed to the global financial crisis, is forecast to suffer less and for a shorter duration than most of the world’s mature economies. The country is attracting investor attention generated by its long-term growth potential.
Molinaro Koger announced today the firm arranged the sale of the Guyana Pegasus hotel on behalf of Starman Hotels, a hotel investment joint venture between affiliates of Lehman Brothers and Starwood Capital Group. The former Le Méridien property was purchased by Sahara, a private investment group based in South America. The 130-room oceanfront hotel is situated on the delta of the Demerara River and the Atlantic Ocean in Georgetown, the capital of Guyana. It was sold without brand affiliation.