Mexico’s RLH Properties Raises Capital of U.S. $172 million for Acquisition and Development of Hotels

RLH Properties, S.A.B. de C.V. | November 17, 2016

MEXICO CITY, Nov. 17, 2016 -- RLH Properties, a leading Company in the acquisition, development and management of high-end city and beach hotel assets in Mexico, announced today a capital increase for an amount of MXN $3,500 million. This operation has been entirely subscribed by the current shareholders of the Company and will be destined to the acquisition and development of hotels. As such, RLH reinforces its strategy to consolidate itself as a benchmark in the luxury hotel sector through the development of new hotels and the selective acquisition of assets in operation in Mexico, one of the most attractive countries for investments ...