Davis Polk advised the sole initial purchaser and bookrunner on a Rule 144A and Regulation S reopening of $50 million aggregate principal amount of 7.875% notes due 2022 of Grupo Posadas, S.A.B. de C.V.

Grupo Posadas is the leading operator of hotels in Mexico based on number of hotels, number of rooms, geographic coverage and market share. Through its subsidiaries, Grupo Posadas operates 145 hotels (including seven vacation club resorts) with a total of 23,826 rooms in Mexico and the United States (in the State of Texas).

The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. The tax team included partner Rachel D. Kleinberg and associate Sam R. Van Peperstraete. Members of the Davis Polk team are based in the New York and Northern California offices.

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