FibraHotel and Starwood Hotels & Resorts Worldwide announced they will increase the number of hotels that they work on together in Mexico.
FibraHotel recently signed an agreement with local developers in Mexico to open five business hotels and will work with Starwood to open them under the Aloft brand with Starwood as the operator. Additionally, FibraHotel bought the Sheraton Ambassador Monterrey, and Starwood will serve as the hotel’s long-term management company.
“Starwood operates many of the industry’s most well-respected and innovative hotel brands and also has a leading operating platform, and we are excited to partner with them as we grow our portfolio in Mexico with leading international brands,” said Simon Galante, CEO of FibraHotel.
“We continue to seek the right asset-disposition opportunities to create value for our shareholders and very much look forward to working closely with FibraHotel to ensure the future success of this hotel and as we broaden our relationship to expand our presence in Mexico,” added Simon Turner, president of global development at Starwood.