Grupo Posadas Hotels

1700 Pacific Ave STE 1810, Dallas, TX 75201

Grupo Posadas, S.A.B. de C.V. or Posadas is a hospitality company based in Mexico City. It owns, leases, operates and manages hotels, resorts and villas with its several different brands. As of 2020, the company operates more than 150 hotels with 24,000 hotel rooms. Groupo Posadas appears to have refocused on its core business in the hospitality industry and continues to operate several large Mexican hospitality brands, including the Mexico-wide Fiesta Inn, Fiesta Americana, and Grand Fiesta Americana, as well as IOH Freestyle Hotels, One Hotels, Gamma Hotels, The Explorean and Live Aqua

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3.4

Overall Excellence Rating

Industry

Hotel Companies

Category

Hotels & Resorts

ESG/Ethical Impact

The Company has expanded through strong brand positioning and development, which ensures service consistency and client recognition. The Company operates its hotels in Mexico principally through Posadas’ brands, which have been updated in diverse aspects: Live Aqua (Live Aqua Urban Resort, Live Aqua Beach Resorts, Live Aqua Boutique Resort, Live Aqua Residence Club, Grand Fiesta Americana (GFA), Curamoria Collection, Fiesta Americana (FA), The Explorean, Fiesta Americana Vacation Villas, Fiesta Inn (Fiesta Inn Express, Fiesta Inn LOFT), Gamma and One Hoteles. On April 4, 2022, Posadas opened the first IOH hotel. Additionally, the new brands Funeeq and Dayforia are soon to be launched onto the market. Regarding operations, despite continuing facing pandemic consequences, we observe a recovery trend. As of September 2022, state authorities ceased to publish room capacities and restrictions, and the use of masks in enclosed areas was not required anymore. However, all our properties continue with the “Travel Safely” program, which includes the necessary cleaning and disinfection measures resulting from the alliance with the ABC Medical Center and 3M Company to provide recommendations on the application of prevention, hygiene, and disinfection protocols.nIn this same line of reasoning, the authorizations most relevant to hotel service operations are related to licenses or authorizations concerning operations, environmental, food, and beverage supply, including alcoholic beverages, swimming pools, civil defense, health, wastewater use and disposal, consumer protection, hotel registration and classification, amongst others. Thus, we rely on administrative authorities that said authorizations are issued in a timely manner, and that the application guidelines of said authorities are congruent and pursuant to applicable normativity or with the interpretative criteria we apply. There is a constant modification of regulations that affect the segments we operate. Amongst the most relevant, in 2022, an amendment to the official standard regulating the timeshare sale and an amendment to the Regulations of the General Law to Control Tobacco, which, amongst other restrictions and modifications, prevents us from providing goods or services in areas intended for smokers were enacted. Also, within the improvement and updating process of regulations, the relevant authorities are constantly reviewing federal and local regulations, as well as issuing new regulations, requirements or restrictions that affect our business. We have no knowledge of contingencies that may consequently jeopardize or cause a material adverse damage to hotel operations related to the obtainment or compliance with said authorizations or modifications to applicable norms. However, we are continuously correcting any deviations from or adapting our operations to the existing or new applicable rules.

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Awards Received

2023

Revenues

$9,000,000,000.00

Website Traffic

Employee Rating

4

Customer Rating

4.4

Company Size

5000-10000

ESG Risk Rating

2

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