Fibra Inn Signs Binding Agreement to Acquire Holiday Inn Reynosa Industrial Poniente Hotel

Fibra Inn | May 14, 2015

MONTERREY, Mexico--Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) ("Fibra Inn" or "the Company"), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced today its decision to exercise its call option to purchase Holiday Inn Reynosa Industrial Poniente hotel in the State of Tamaulipas. The acquisition price was Ps. 103.6 million and land will be acquired for Ps. 11.0 million. An additional Ps. 81.9 million will be destined for a 100-room expansion and Ps. 26.2 million for taxes and acquisition-related expenses, for a total invest...