Grupo Hotelero Santa Fe, S.A.B. Of C.V. Announces the Signing of the Management Contract for the Courtyard by Marriott Puebla
August 01, 2019 at 09:10 am EDT
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Grupo Hotelero Santa Fe, S.A.B. Of C.V. announced the signing of a Management Contract for the Courtyard by Marriott Puebla with 154 rooms located in the city of Puebla, Puebla. The hotel which is owned by a third party, is located on Avenida 31 Poniente, minutes away from the Angelopolis Mall. This Management Contract is in line with the Company’s expansion plan which contemplates growth in the urban hotel segment, with third party brands at strategic locations. With the inclusion of this hotel, the Company’s portfolio will reach 29 hotels with 7,130 rooms and presence in 18 cities in Mexico, including the hotels currently in construction or expansion. The Company will continue seeking and analyzing investment opportunities in hotels and properties for acquisition, change of use, development and third-party hotel Management Contracts as an ordinary course of business.
Grupo Hotelero Santa Fe SAB de CV (Krystal Hotels) is a Mexico-based company specialized in the hotel services. The Companyâs activities comprise acquiring, developing and operating urban and beach hotels in Mexico. It operates through its own brands, such as Krystal Resorts, Krystal Grand, Krystal Beach and Krystal Urban, as well as through franchises and licensed brands, including Hilton, Hilton Resorts, Hilton Garden Inn and Hampton Inn. The properties are located in Acapulco, Guadalajara, Monterrey, and Cancun, among others. The Company collaborates with Grupo Chartwell, Nexxus Capital and Walton Street Capital.