Grupo Hotelero Santa Fe Acquires Two Properties in Mexico to Be Expanded and Rebranded as Krystal Grand 5 Star Hotels

Grupo Hotelero Santa Fe | February 16, 2017

MEXICO CITY, Feb. 16, 2017 -- Grupo Hotelero Santa Fe, S.A.B. Of C.V. (BMV:HOTEL) ("HOTEL" or "the Company"), one of the leading companies in the hotel industry in Mexico, announces the acquisition and expansion of two hotels that will be rebranded into Krystal Grand® 5 star hotels, with a total of 933 rooms under the All-Inclusive model. The transaction is expected to close in the following days once the contractual conditions have been met. The Krystal Grand® brand will grow from 2 to 4 hotels, and the Company will grow 16% in number of operated rooms. The hotels are located in Los Cabos and Nuevo Vallarta,...