Olegario Vazquez Aldir Warns That There Are Opportunities to be Exploited In Mexico

There will be a good recovery: GEA


Business - Monday, April 4, 2011 (04:07 hrs)


•Olegario Vazquez Aldir warns that there are opportunities to be exploited
•Rogelio Cárdenas EstandiaThe online Financial

Mexico, March 4 .- Aldir Olegario Vazquez, general director of Grupo Empresarial Angeles (GEA), is convinced that Mexico is shaping up to economic recovery and, in this complex global environment, there may be opportunities to be exploited.

In an interview with El Financiero, the employer of cluster-Camino Real Hotel Quinta Real now, purchase, announced last week, the Hospitals Angeles Multiva Financial Group and others, indicated that when there is uncertainty must assume the risks in the belief that the decision is correct.

"If you are positive and believe that things are going well, I think you made the decisions have been correct," he said.

Aldir Vazquez said that while there are lags in the country to be served, Mexicans in general are a bit pessimistic attitude does not help to sell well the potential we have.

National Agreement on Tourism orchestrated by the federal government, the employer said that achieve the stated goals will not be impossible precisely because of the potential of the country, but not simpler.

Plans of the various businesses of the group, said that after buying the Quinta Real hotel is consolidated in the tourist sector five-star and grand tourism and could develop a four-star brand, aimed at businessmen.

In the field hospital to serve the health tourism will continue opening hospitals in the northern border (Hermosillo and Mexicali). In financial services, Grupo Financiero Multiva prepares to announce a mobile-Multiva Touch, which will allow its customers access to all products and services, project they invested between 12 and 13 million dollars in the last four months.

Tourism

 What does it mean for the Grupo Empresarial Angeles (GEA) has acquired the Quinta Real hotel?

"Many things. The first, a great opportunity to integrate two flagship hotel chains in Mexico, allowing us to consolidate our involvement in the tourism-hotel sector in the segment and five-star tourism. It is also a huge commitment and many people working on Camino Real and Quinta Real. Both companies have been for many years hotels in school: for many people has represented the opportunity to develop their career in tourism. So this has several implications not only in the business.

"There are 29 hotels and eight Camino Real Quinta Real. That is, Quinta Real in numbers represents approximately as 12 or 15 percent of what is Camino Real, but in terms of what the brand means, the strategic possibilities for the future is so much more. "

- Do you continue to retain the two brands?

"Yes. To date Camino Real was a single brand company, that gave us some advantages, but certainly limited capacity for growth, because we think that the segment is covered with five-star hotels to Camino Real geographically distributed across the country. This acquisition makes us a multi-company forces us to rethink strategically throughout the company.

"It is very likely that a couple of hotels that are colonial Camino Real, turn them into the near future to Quinta Real and the eight hotels that we know today as the Quinta Real can grow the brand to 12 hotels and Camino Real decrease from 29 to 27.

"Quinta Real is not a hotel in Mexico City and the brand is well representative for the tourism sector, so we are also thinking in the near future, to seek the possibility to develop and build a hotel. We already have land in Santa Fe where we could build the first Quinta Real in Mexico City and would probably be interested in the Polanco area, as depicted in the capital city. "

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