Posadas de Mexico (Fiesta Americans, Fiesta Inns, etc.) plans to invest $350 million to construct 36 hotels during the next three years. Emphasis will be on properties in medium-sized interior cities such as Zacatecas and Oaxaca. While criminal violence has been taken into account, Michel Montant, director of corporate investment, confirmed. Posadas had been a major stockholder in Mexicana prior to the airline’s filing for bankruptcy protection and grounding its planes. Now new owners have announced that Mexicana soon will be flying again.
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Jimm Budd
Reporting from Mexico City
Member of the American Travel Writers
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