Combined Hearing for Disclosure Statement and Plan Approved for Grupo Posadas, S.A.B. de C.V.
October 29, 2021 at 12:00 am EDT
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The US Bankruptcy Court approved the combined hearing to consider approval of disclosure statement and joint prepackaged plan of Grupo Posadas, S.A.B. de C.V. on October 29, 2021. The debtor had filed its disclosure statement and joint prepackaged plan in the Court on October 26, 2021. The voting record date is September 22, 2021. The deadline to vote on the plan is October 22, 2021. Any objections to the plan should be made before December 1, 2021 and the confirmation hearing for the plan and disclosure statement has been scheduled for December 8, 2021.
Grupo Posadas SAB de CV is a Mexico-based company engaged in the hospitality industry. The Company focuses on the construction, acquisition, leasing, promotion and management of hotels. Its activities are divided into five business segments: Hotels, which operates a network of hotels under Live Aqua, Fiesta Americana, Fiesta Inn, Gamma, The Exploration and One brand name, among others; Holiday Club, which manages a network of vacation resorts under various brand names, such as Fiesta Americana Vacation Club, Kivac and Live Aqua Residence Club; Hotels administration, which offers brand names and properties leasing, as well as hotel administration for third parties, among others; Corporate, which comprises operations within group entities, and Sale of real estate, which includes disposal of non-core real estate assets. The Company operates through Inmobiliaria Hotelera Posadas SA de CV, Posadas de Mexico SA de CV, Hotel Condesa del Mar SA and Porto Ixtapa SA de CV, among others.
GRUPO POSADAS, S.A.B. DE C.V. 
