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Grupo Posadas Is Present on Cuban Market |
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Monday, October 16, 2017
Mexico.- The Mexican company Grupo Posadas will increase its presence in the Caribbean, where it will open four hotels, including two establishments in Cuba and two in the Dominican Republic.
Company executives pointed out that in Cuba's case, the hotels will benefit from investments from the government.
In Mexico, Posadas contributes 12 percent of resources, while the rest comes from the private sector, while in the Dominican Republic, the funds allocated to infrastructure are provided by non-state investors.
That way, the group will only take care of operating the hotels.
The Mexican hotel chain is the largest in the country and operates 157 establishments under the brands Fiesta Americana and Fiesta Inn.
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