Acquisitions & Hotel Openings

Grupo Posadas to Open Two New Resorts in 2018: Live Aqua Urban Resort San Miguel de Allende and Grand Fiesta Americana Oaxaca

ACAPULCO, MX. March 30, 2017 – Celebrating its 50th anniversary this year, Mexico’s largest hotel company, Grupo Posadas, announces plans for two new resorts that have already broken ground and are set to open in 2018: Live Aqua Urban Resort San Miguel de Allende and Grand Fiesta Americana Oaxaca.

Live Aqua Resort San Miguel de Allende is the result of a $73 million investment, becoming the fourth luxury hotel to open in the historic colonial destination. The state of the art complex will feature 135 rooms, a cultural center and ecological areas.

With an investment of $25 million, Grand Fiesta Americana Oaxaca is located close to the El Llano Park, one of the most popular tourism spots in Oaxaca and often the home of temporary civic and cultural events and exhibitions. The resort will also feature 145 rooms and will create more than 250 direct and 500 indirect jobs.

“As we celebrate our 50th anniversary, we are very excited to pursue the expansion of our brand throughout the country” stated Rafael Lizárraga, Chief Commercial Officer of Hotelera Posadas.

As hotel offerings continue to evolve with the growing demand of discerning travelers, several of Grupo Posadas properties and resorts of the La Colección brand, a recently reimagined collection of beach resorts located in Mexico’s most desired locations, have also followed suit. The hotel group recently embarked on a multimillion dollar remodel of Fiesta Americana Condesa Cancun All Inclusive that will conclude in April. Fiesta Americana Hermosillo also underwent a renovation and reopened in March 2017 showcasing 220 upgraded rooms with modern amenities and furnishings.

For more information on the brand and the beach resorts of La Colección, please visit www.posadas.com and www.lacoleccionresorts.com

About Grupo Posadas

Posadas is the largest hotel operator in Mexico, with more than 170 hotels and resorts, and more than 24,500 rooms in beach and city destinations located throughout the country. Thanks to the positioning of its Live Aqua, Grand Fiesta Americana, Fiesta Americana, The Explorean by Fiesta Americana, Fiesta Inn, Gamma and One Hotel brands, Posadas is an internationally recognized Mexican company. Posadas has been listed on the Mexican Stock Exchange (BMV) since 1992. For further information, please visit: www.posadas.com

Contact:
Lourdes Perez/Victoria Hernaiz
Lourdes.perez@newlink-group.com or Victoria.hernaiz@newlink-group.com

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