MEXICO CITY (October 2, 2015) – Holland & Knight represented Fibra INN (FINN13) in the structuring and implementation of a debt program worth $5 billion pesos (approximately US$292 million) with a five-year term, as well as the first issuance of long-term trust bonds under this program, totaling $1.8 billion pesos (approximately US$116 million).
These notable transactions come after a long period of inactivity in the Mexican FIBRA market, due to recent market volatility and various other factors.
Fibra INN is a Mexican trust formed primarily to acquire, develop, operate and rent a broad range of hotel properties in Mexico. Headquartered in Monterrey, Fibra INN has a portfolio of high-quality real estate properties throughout Mexico for business travelers.
The Holland & Knight team acting as deal counsel was led by Mexico-based partner Guillermo Uribe Lara and included associates Adrian Gay Lasa, Jorge Gonzalez Carlini and Mirna Ordaz.
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