Fibra Inn Purchases Hotel Mexico Plaza Silao In Guanajuato

News: Mexico-based real estate investment trust Fibra Inn has purchased Hotel Mexico Plaza Silao in the Mexican state of Guanajuato for MXN80mn (USD6.14mn) plus MXN11.2mn (USD) used for paying taxes and expenses related to the takeover. The internal committees of the company have approved the acquisition at a projected capitalisation rate of 10%. Subsequent to the deal, the hotel will be converted into Wyndham Garden by Q414 and start operating under the limited service segment. The 143-room asset will be supervised by Fibra Inn under a sub-management structure with the current hotel operator.

This article is tagged to:
Sector: Tourism, Real Estate
Geography: Mexico, Mexico, Mexico, Mexico

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