Real EstateAcquisitionsFibra Inn Acquires Holiday Inn Express Guadalajara UAG Hotel

Fibra Inn Acquires Holiday Inn Express Guadalajara UAG Hotel

MONTERREY, Mexico—Deutsche Bank Mexico or Fibra Inn, a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced that it has completed the acquisition of the Holiday Inn Express Guadalajara UAG hotel.

Fibra Inn paid Ps. 186.9 million for this hotel, excluding taxes and acquisition expenses, and the adjoining land where the company is planning a room expansion. The property was paid in cash and it is the first hotel acquisition purchased with the proceeds from the initial public offering that took place on March 13.

The Holiday Inn Express Guadalajara UAG Hotel is a high potential property with 100 rooms; Fibra Inn expects to add 99 rooms, which will be operating by the first quarter of 2014.

Operadora de Comercios de Vallarta, S.A de C.V. will be the hotel operator of this hotel.

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