Fibra's Casa Grande in Delicias, Chihuahua.FIBRA INN
The hotel group Fibra Inn announced today it will invest 2.5 billion pesos in new properties next year, expanding its operations in various cities in Mexico.
The Mexican real estate investment trust plans to increase the number of its hotels to about 45, said director Víctor Zorrilla Vargas, after closing the year with 30. The firm will be looking at Mexico City, Guadalajara and Monterrey. In the latter city Fibra is already studying the possibility of either acquisitions or new developments.
Yesterday, Fibra announced the sale of new certificates, similar to shares, worth 4 billion pesos, to finance a multi-year expansion plan that will boost the total number of its properties to 60.
Fibra’s principal market is the business traveler. It has franchise and licensing contracts with several global hotel brands.
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