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Old Posted Jun 26, 2015, 7:47 PM
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BVictor1 BVictor1 is offline
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June 25, 2015 5:08 p.m. ET

Mexico’s largest hotel company is expanding north of the border, aiming to open up to 10 luxury hotels over the next five years in U.S. cities with large Hispanic populations and ones that attract Latin travelers.

Grupo Posadas S.A.B. de C.V. is teaming with Bighorn Capital Inc., a Las Vegas-based private-equity firm that is investing $450 million to build, acquire or convert properties to Posadas hotels.

The Mexico City-based hospitality company owns or operates 136 hotels with more than 21,000 rooms, all in Mexico, and seven brands. The expansion will introduce to the U.S. its high-end boutique brand called Live Aqua, which will feature the “flavors, colors and textiles” of Mexico, says Javier Barrera, Posadas’ chief franchise officer.
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