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Mexico's Fibra Hotel signs deal with Marriott

Friday, November 15, 2013

Mexican real estate investment trust Fibra Hotel said it signed a deal with U.S. hotel chain Marriott International to build and operate 20 new hotels in Mexico by 2016.

"The first six hotels were signed this week and will add approximately 800 rooms to the Mexican market," Fibra Hotel said.

Fibra Hotel has a portfolio of 49 business hotels across Mexico, offering more than 6,500 rooms, the company said, while Marriott has 23 hotels in the country.

Source: Reuters