Article: MEXICO: GRUPO POSADAS TO EXPAND ITS BUSINESS IN BRAZIL.(Grupo Posadas S.A. de C.V. to develop 15 hotels)(Brief Article)

Manuel Borja, vice-president of Finances of Grupo Posadas, said that in spite of the economic crisis that Brazil is facing, Grupo Posadas will develop 15 hotels in that country during the period of 2002-2004. Borja considered that the economic problems that Brazil faces, are temporary and in the long term he anticipates a recovery. According to Grupo Reforma, Brazil represents for Grupo Posadas a market with great potential of growth since in the secondary plazas, places different from the main cities, there is none hotel development with the quality of the establishments that their corporative handles. The executive said that the company will ...

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