FibraHotel, Grupo Posadas sign sale-leaseback

FibraHotel, Grupo Posadas sign sale-leaseback

Project & Infrastructure Finance Mexico M&A

FibraHotel and Grupo Posadas have signed a MXN2.89bn ($162.7m) sale-leaseback enabling the former to acquire the Fiesta Americana Condesa Cancun resort in Mexico.The transaction remains subject to FibraHotel placing securities in the Mexican capital markets, regulatory approval, and sign off from the pair’s respective shareholders, according to a statement from the real estate investment trust. In a separate securities filing, FibraHotel got the ball rolling on a potential equity offering t

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