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GRUPO POSADAS ESTABLISHES CPO TRUST; INSTITUTES SHARE CONVERSION PERIOD

 MEXICO CITY, Jan. 6 /PRNewswire/ -- Grupo Posadas, S.A. de C.V., today announced that it has signed an agreement with Nacional Financiera (Nafinsa) to establish "Certificados de Participacion Ordinarios" (CPOs) based on its series A shares. Through the CPO trust, holders of Posados series L shares, with nominal voting rights, may exchange their shares for series A shares. The conversion period for such exchange will last for one year commencing Nov. 24, 1992.
 Additionally, the board of directors has approved the establishment of a stock repurchase fund for up to 16 million Posadas series A and series L shares from time to time in the open market.
 The establishment of the CPOs, together with the repurchase fund, demonstrates management's commitment to reach the international capital markets and create additional liquidity in Posadas shares. Non-Mexican nationals will now, in effect, have access to Posadas' series A shares, which represent approximately 82 percent of the company's outstanding common shares.
 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 names Fiesta Americana; Fiesta Inn; Holiday Inn; Holiday Inn Crowne Plaza; Hampton Inn and Sheraton Fiesta.
 -0- 1/6/93
 /CONTACT: Genaro Marquez of Grupo Posadas, in Mexico, 011-525/326-6740; or Cathleen Mayrose of Dewe Rogerson, in New York, 212-688-6840, for Grupo Posadas/


CO: Grupo Posada, S.A. de C.V. ST: IN: LEI SU:

GK-OS -- NY026 -- 2149 01/06/93 11:13 EST
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Publication:PR Newswire
Date:Jan 6, 1993
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