Deutsche Bank Mexico, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced it is working on an agreement with InterContinental Hotels Group to establish the terms and conditions in which Fibra Inn will develop and / or acquire around 20 hotels in Mexico through franchise agreements to brand and operate hotels under the hotels systems:
- Crowne Plaza®
- Hotel Indigo®
- Holiday Inn®
- Staybridge Suites®
- Candlewood Suites®
Fibra Inn currently owns seven Holiday Inn Express®, one Holiday Inn® & Suites and one Holiday Inn® in seven states in Mexico.
Fibra Inn reiterates its commitment to operate under globally-recognized and reputable brands that will add value to the portfolio of the Fibra.
Fibra Inn is a Mexican trust formed primarily to acquire, own, develop, operate and rent a broad range of hotel properties in Mexico. Headquartered in Monterrey, Fibra Inn has a portfolio of 14 high-quality hotels and geographically-diverse located in ten states throughout Mexico, comprising approximately 2,423 rooms. The Company has signed Franchise Agreements with IHG to operate its global brands Holiday Inn, Holiday Inn Express, and Holiday Inn Express & Suites; with Hilton to operate its brand Hampton Inn by Hilton; and is in the process with IHG, Marriott International and Wyndham Hotel Group to operate its global brands. These hotels enjoy some of the industry’s top loyalty programs and, offer attractive hotel options for businesses travelers. Fibra Inn recently listed its Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange and trades under the ticker symbol “FINN13”.
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