Popular Post Urbannizer Posted June 26, 2015 Popular Post Share Posted June 26, 2015 http://www.bizjournals.com/houston/news/2015/06/26/mexicos-largest-hotel-operator-to-expand-to.html Houston will be one of the first five U.S. cities to receive a Live Aqua hotel when the parent company expands outside of Mexico for the first time. Mexico City-based hotel operator Grupo Posadas SAB de CV and New York-based private equity firm Bighorn Capital Inc. announced June 26 they signed an agreement to introduce the luxury boutique hotel brand to major U.S. cities. Bighorn will invest $450 million to develop the first five hotels in Chicago, Los Angeles, Miami, Houston and Washington, D.C. These cities were chosen for their large Hispanic populations and substantial Latin American and international tourists, who may already be familiar with the Live Aqua brand. Debút Hotel Group, a Hampshire Hotels Management company, will manage the hotels, which are expected to average 250 to 300 rooms. No details about the Houston hotel were immediately available, but the companies’ announcement said the Chicago hotel was expected to be complete in 2017. The concept for that hotel is an 82-story high-rise. 11 Quote Link to comment Share on other sites More sharing options...
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