Posadas plans to open 21 hotels before 2026

by times news cr

2024-05-02 21:34:02

With an investment of more than 14 billion pesos, the chain specialized in lodging, Posada Groups, reported that it plans to open 21 new hotels between 2024 and 2026, which will contribute 12% of new rooms to the company’s hotel offering.

During the first quarter of 2024, the majority net income of Inns It stood at 70 million pesos, while revenues were 2,702 million with an EBITDA of 496 million, closing with a cash balance of 2 billion pesos, 19% more than in the first quarter of 2023.

The occupancy levels of the company’s hotels stood at 63% on average, highlighting the beach hotels that recorded 84% occupancy.

Regarding the remodeling of the hotel Condesa Acapulco American Party affected by Hurricane Otis, the cost will be 670 million pesos, of which Posadas will finance 15%, and the remaining amount will be covered by insurance companies.

The project has a partial opening date of October 2024. /24 HOURS

2024-05-02 21:34:02

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