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NHG advised FibraHotel on the acquisition of the Fiesta Americana Condesa Cancun
NHG acted as counsel to FibraHotel, the first real estate investment trust (REIT) specialized in hotels in Mexico, in the acquirsition of the Fiesta Americana Condesa Cancun All Inclusive Resort in a sale and lease back transaction with Grupo Posadas.
The Fiesta Americana Condesa Cancun is an iconic All-Inclusive five star resort in a prime location with over 200m of beach front and over 40,000m2.. The Resort has 507 full-service rooms that were recently renovated, and will be operated by Grupo Posadas and FibraHotel under a long-term lease agreement with fixed and variable rent components.