The Azcárraga brothers, Gastón and Pablo, would prefer to recapitalize their hotel conglomerate, Grupo Posadas, rather than sell it, the press has been told. Goal is expansion, but when the Rothschild Bank was approached about providing money, reports about a possible sale appeared. Not only that, but France’s Accord has expressed interest in such a deal. The Posadas Group includes Fiesta Americana, Fiesta Inns, One Hotels and other brands.
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Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers
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