Davis Polk advised the initial purchasers in connection with the offering by Grupo Posadas, S.A.B. de C.V. of $350 million aggregate principal amount of 7.875% notes due 2022. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.  

Davis Polk also advised the dealer managers in connection with the concurrent tender offer by Grupo Posadas for any and all of its 7.875% senior notes due 2017, which were paid for with the proceeds from the offering.    

Grupo Posadas is the leading operator of hotels in Mexico based on number of rooms, geographic coverage, revenues and market share. Through its subsidiaries, Grupo Posadas operates 133 hotels, resorts and vacation properties with a total of 22,021 rooms in Mexico and the United States (in the state of Texas).  

The Davis Polk corporate team included partner Maurice Blanco, counsel Katia Brener and associate Alexander Kerchner. The tax team included partner Rachel D. Kleinberg and associate Sam R. Van Peperstraete. All members of the Davis Polk team are based in the New York office.     

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