Grupo Posadas, S.A.B. de C.V.

Grupo Posadas, S.A.B. de C.V. (Posadas) is one of the leading hotel chain operators in Mexico. The company, along with its subsidiaries, engages in the ownership, administration and operation of hotels, and designing vacation plans for the individual customer and travel consultants. As of June 30, 2009, the company owns and manages 111 hotels with around 19,864 rooms. Of these, about 79% of the rooms are located in urban destinations while 21% are located in the coastal regions. Posadas operates its hotels under various brands, which include Aqua, Fiesta Americana Grand, Fiesta Americana, Lat 19°, Fiesta Americana Vacation Club, Fiesta Inn, One Hotels, Caesar Park, Caesar Business and The Explorean. The company is headquartered in Mexico City, Mexico.The company reported revenues of (Mexican Pesos) MXN 6,883.99 million during the fiscal year ended December 2008, an increase of 14.87% over 2007. The operating profit of the company was MXN 1,121.18 million during the fiscal year 2008, an increase of 10.88% over 2007. The net loss of the company was MXN 622.86 million during the fiscal year 2008, as against a net profit of MXN 126.11 million during 2007.