Grupo Hotelero Santa Fe, S.A.B. de C.V: Press Release: Riviera Maya
June 29, 2022 at 10:51 am EDT
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Mexico City- Grupo Hotelero Santa Fe, S.A.B. de C.V. (BMV: HOTEL) ('HOTEL' or the 'Company'), one of the leading companies in the hotel industry in Mexico, informs that the Board of Directors has approved the investment project consisting of association for the acquisition of a hotel with 195 rooms located in Riviera Maya with company funds combined with financing. As usual, the transaction is subject to (i) the conclusion of the Due Diligence of the acquisition; (ii) the negotiation of definitive contracts; and (iii) the authorization of government approvals required for the transaction.
This press release is published to inform investors in compliance with Article 50 of the 'Disposiciones de Caracter General
About HOTEL
HOTEL is a leading company in the Mexican hotel industry, dedicated to the acquisition, conversion, development and operation of its own hotels as well as third parties-owned hotels. The Company focuses on the strategic location and quality, of its hotels, a unique management model, strict expenses control and the Krystal brand as well as other international brands. At the end of year 2021, it had more than 3,200 employees and generated revenues of Ps. 1,761 million. For more information, please visit www.gsf-hotels.com
Legal Note:
The information provided in this report contains certain forward-looking statements and information related to Grupo Hotelero Santa Fe, S. A. B. de C.V. and its subsidiaries (jointly 'Grupo Hotelero Santa Fe' or the 'Company') which are based in the understanding of its managers, as well as in assumptions and information currently available for the Company. Such statements reflect the current vision of Grupo Hotelero Santa Fe in regard to future events and are subject to a number of risks, uncertainties and assumptions. Several features may cause that the results, performance or current achievements of the Company may differ materially with respect to future results, performance or attainments of Grupo Hotelero Santa Fe that may be included, expressly or implied within such statements in regard to the future, including among others, alterations in the economic general conditions and/or politics, governmental and commercial changes globally or within the countries in which the Company does business, changes in the interests rates and inflation, exchange rates volatility, changes in the demand and regulations of the products marketed by the Company, changes in the price of raw materials and other goods, changes in the business strategies and several other features. If one or more these of risks or uncertainties are materialized, or if the assumptions used prove to be incorrect, the real results may materially differ from those described herein as anticipated, believed, expected or envisioned. Grupo Hotelero Santa Fe undertakes no obligation to update or revise any forward-looking statements
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.