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Article: MEXICO: GRUPO POSADAS TO EXPAND ITS BUSINESS IN BRAZIL.(Grupo Posadas S.A. de C.V. to develop 15 hotels)(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- August 7, 2002
CopyrightCOPYRIGHT 2002 Info-Prod (Middle East) Ltd. 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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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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