Grupo Posadas.Grupo Posadas Posadas (pōsä`thäs), city (1991 pop. 211,297), capital of Misiones prov., NE Argentina, a port on the upper Paraná River. Its industries include woodworking and metallurgy. , the largest hotel operator in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , announced their most ambitious business goal to date: opening a chain of 40 three-star hotels within five years in Mexico. Though the initial investment will be substantial--US$ 150-200 million--Vice President of Development Jorge Carvallo is confident that the result will be well worth the effort. "The hotels will be small, efficient and comfortable ... situated in the business and industrial districts of large cities," he said. The chain, called One Hotels, will open over the course of time allotted al·lot tr.v. al·lot·ted, al·lot·ting, al·lots 1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame. 2. , with ten hotels opening annually for about US$ 3-4 million each. The customer, on the other hand, will pay only US$ 46 per night. Grupo Posadas currently operates 94 hotels in four countries under the names Fiesta Inn, Fiesta Americana, Fiesta Americana Grand, Caesar Caesar (sē`zər), ancient Roman patrician family of the Julian gens. There are separate articles on its two most distinguished members, Julius Caesar and Augustus. Park and Caesar Business. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion