Fibra Inn Signs Binding Agreement to Acquire Casa Grande Ciudad Juarez Hotel

Fibra Inn | March 16, 2016

MONTERREY, Mexico - March 16, 2016 - Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) ("Fibra Inn" or "the Company"), the Mexican real estate investment trust specializing in the hotel industry serving the business traveler with global brands, announced the binding agreement to acquire Casa Grande Ciudad Juarez, located in the state of Chihuahua. The hotel currently has 145 rooms and operates in the full-service segment. Fibra's Inn corporate governance bodies approved the amount agreed to acquire up to Ps. 115.0 million plus taxes, acquisition-related expenses and corresp...