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Grupo Posadas Mexicos largest hotel operator wit

first_imgGrupo Posadas, Mexico’s largest hotel operator with over 130 hotels, and private equity firm Bighorn Capital, Inc., have signed an agreement that will introduce its premier luxury boutique hotel brand, Live Aqua, to major U.S. cities.As  part of the agreement, Bighorn Capital will invest $450 million to develop an initial five hotels, branded Live Aqua, in the metropolitan areas of Chicago, Los Angeles, Miami, Houston and Washington, D.C.Début Hotel Group, a Hampshire Hotels Management company will manage the Live Aqua U.S. hotels.The concept for Chicago, targeted for completion in 2017, is to build an 82-story high-rise in the West Loop area, and to dual-brand the development with the Live Aqua and Dream Hotels brands.“We are very excited to introduce the American consumer and international tourists to Live Aqua, our luxury brand with a unique Latin style known for warm, attentive service,” says Javier Barrera, Vice President of Posadas.This will be the first international expansion for Posadas. Live Aqua Hotels and Resorts was voted best resort in Mexico 2013 by Travel & Leisure, gained accolades in Conde Nast 2014 Hotlist, and won honours from Trip Advisor Traveler’s Choice Awards.last_img read more