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.
December 14, 2022
Share
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.
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.