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Article: Grupo Posadas Announces Acquisition of the Caesar Park Hotel Chain.
- Article from:
- Business Wire
- Article date:
- May 4, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY--(BUSINESS WIRE)--May 4, 1998--
-- With an investment of approximately $123 million (U.S.),
Posadas enters the South American market; Posadas
consolidates its presence as the leading hotel company
in Latin America; Latin America is a market with high
potential to develop the brand names owned by Posadas --
Grupo Posadas, owner and operator of the Fiesta Americana and Fiesta Inn hotel chains, has signed an acquisition contract with the Caesar Park hotel chain. The investment will include the ownership of the brand name; three hotels, located in Sao Paulo and Rio de Janeiro, ...