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GRUPO POSADAS APPOINTS NEW CHIEF FINANCIAL OFFICER

 MEXICO CITY, March 17 /PRNewswire/ -- Grupo Posadas, S.A. de C.V. today announced that effective March 1, 1993, Genaro Marquez has been appointed chief financial officer, succeeding Luis E. Barrios who has resigned his position to pursue other business interests in Mexico. Posadas management recognizes the contribution made by Mr. Barrios during his tenure with the company, and wishes him continued success.
 Prior to this appointment, Mr. Marquez has held positions in various financial capacities at Posadas since 1987. Reporting in the office of chief financial officer will be the vice president of finance; vice president of development; the office of the comptroller and the management of the Real Estate Venture Capital Fund.
 Posadas mourns the recent loss of its Chairman Gaston Azcarraga Tamayo on Jan. 13, 1993. Gaston Azcarraga Andrade, who has held the office of chief executive officer of Posadas since 1989, continues as acting chairman, a role he has filled since September, 1991, at the onset of his father's illness.
 Grupo Posadas, S.A. de C.V., the largest hotel operator in Mexico, is an integrated company which owns and manages hotels. The company also offers services related to the hotel industry including construction, hotel and restaurant supply and tour and travel services. The company owns and operates hotels in Mexico, Venezuela, South Texas and California under the wholly owned Fiesta Americana; Fiesta Inn and the Holiday Inn Crowne Plaza; Hampton Inn and Sheraton Fiesta franchises.
 -0- 3/17/93
 /CONTACT: Genaro Marquez of Grupo Posadas, 011-525-326-6740; or Cathleen Mayrose of Dewe Rogerson, 212-688-6840, for Grupo Posadas/


CO: Grupo Posadas S.A. de C. V. ST: IN: LEI SU: PER

SM-SH -- NY040 -- 7026 03/17/93 12:04 EST
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Publication:PR Newswire
Date:Mar 17, 1993
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