Press Release Grupo Tampico - Holiday Inn Altamira
TAMPICO, MEXICO Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Grupo Tampico, S.A. de C.V. ("Grupo Tampico") on the sale of Holiday Inn Altamira to Fibra Inn (BMV:FINN13), a Mexican real estate investment trust specializing in hotels serving business travelers. Holiday Inn Altamira is Fibra Inn's second investment in the Gulf of Mexico region, where significant demand for hotel rooms is expected given upcoming investments in the oil & gas industry due to recently passed energy sector reforms.
Grupo Tampico is a diversified Mexican conglomerate with divisions in automotive and truck retail, plastics, hotels, logistics, and real estate. Grupo Tampico's real estate division owns and operates hotels, shopping centers and parking garages in and around the state of Tamaulipas, Mexico. Grupo Tampico is headquartered in Tampico, Mexico and was founded in 1912.
Fibra Inn is a Mexican real estate investment trust formed primarily to acquire, own, develop and rent a broad range of hotel properties in Mexico. Headquartered in Monterrey, Mexico, Fibra Inn owns a high-quality portfolio of 21 hotels serving business travelers. Fibra Inn's hotels are located in 12 states throughout Mexico, comprising 4,118 rooms, including 304 under construction.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings.