Posadas plans to grow

Best known for its Fiesta Americana properties, Posadas de México has just opened its tenth Hotel One (the name of that brand sounds better in Spanish than in English), and has plans for a dozen more of these no-frills budget establishments.
But the biggest expansion will be abroad, according to what Posadas CEO Gaston Azcarraga told the newspaper Reforma. The company will be investing 140 million in the construction of 14 properties in the United States and South America. Specific locations were not specified. Posadas now operates 112 hotels, 95 of which are in Mexico.

By Jimm Budd