Mexican Hotel Chain Camino Real Estate Purchase By $ 1,600 Mp

Camino Real estate purchase by 1.600 mp


27/03/2011 19:55

Mexican hotel chain will spend 1.600 billion pesos in the acquisition of accommodation facilities that are found in various places of tourist attraction in Mexico, said the general director of Hoteles Camino Real, Eduardo Ymay.

The management reserved the name and the name of the vendor pursuant to a confidentiality agreement, but confirmed that deciding where and how many hotels will buy it over the next 60 days.

The company analyzes various options in city and beach destinations in Mexico, where Camino Real currently operates 28 of its 29 hotels. One is in El Paso, Texas.
He said that in all cases it is constructed and operating hotels.
He announced that Camino Real could increase occupancy and revenue between 15 and 20%.

Additionally to the new acquisitions, the company remodeled the hotel Camino Real Polanco, Guadalajara and Huatulco, and plans to build two new units in Mexico City are: Camino Real Camino Real Insurgentes and Santa Fe, in addition to that already exists in the area.

Hoteles Camino Real, recorded in the first months of 2011 a growth of between 12 and 16% in occupancy, and 15% in revenue. (Excelsior)

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