Barcelo Group agreed to acquire Hilton Guadalajara Midtown Hotel from Grupo Hotelero Santa Fe, S.A.B. de C.V. (BMV:HOTEL *) for $59 million on December 15, 2022. In a related transaction, Grupo Hotelero Santa Fe, S.A.B. de C.V. acquired Mahekal Beach Resort for $56 million. The transaction is subject to customary conditions, including corporate, government and third-party approvals.

The transaction is expected to close in 1st quarter of 2023.