Holland & Knight Represents Fibra INN in Acquisition of Four Hotels
MEXICO CITY (July 21, 2016) – A team from Holland & Knight’s Mexico City office represented Mexican real estate investment trust Fibra INN in the acquisition of four hotels in Chihuahua City for nearly $40 million. They include a Hampton Inn by Hilton, a Courtyard by Marriott and two City Express hotels. The acquisition brings the company’s total holdings in the state of Chihuahua to 10 hotels.
The team also helped the company gain authorization from the Comisión Federal de Competencia Económica (Cofece), the Mexican antitrust commission, for the purchase.
Fibra INN (FINN13) is a Mexican real estate investment 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 representing Fibra INN was led by Partner Guillermo Uribe Lara and included Associates Mirna Ordaz and Adrian Gay Lasa. The firm also represented the company in its January launch of a sponsored Level 1 American Depositary Receipt (ADR) Program, which helped expand its international investor base.