Today, Grupo Hotelero Santa Fe, S.A.B. de C.V., with ticker “HOTEL”, completed a successful Primary Public Share Offer on the Mexican Stock Exchange, which represents 27.2% of its capital stock.
Grupo Hotelero Santa Fe, S.A.B. de C.V.'s Primary Public Share Offer consisted of an issue of 75´000,000 Class II Registered Common Shares.
The placement price per share was $10.00 pesos, giving an Offer total amount of $750´000,000.00 pesos.
"HOTEL's" offer was distributed among 782 investors.
The Lead Financial Intermediaries were Casa de Bolsa Banorte Ixe, S.A. de C.V., Grupo Financiero Banorte and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México.
Grupo Hotelero Santa Fe, S.A.B. de C.V. will use approximately 80% of the net funds obtained from the Offer for future acquisitions of hotels. The remaining 20% will be allocated to general corporate purposes, including capital expenditure funding.