Grupo Hotelero Santa Fe, S.A.B. de C.V. (BMV: HOTEL) announced today the acquisition of real estate properties consisting of 54 units for hotel-only purposes, as well as an undeveloped land lot of 1,043 square meters, which currently comprise 162 hotel suites, located in usable area of approximately 15,100 square meters, and is adjacent to the Hilton Puerto Vallarta hotel.
The transaction represented an investment of US$ 12.0 million (Ps. 224 million). The Company expects an additional investment of Ps. 296.0 million for this project for a total amount of Ps. 520 million . . .
