Privately-held investment management firm Jaguar Growth Partners has purchased a 9.4% stake in Mexican hotel chain, Hoteles City Express.
(Press Release) Jaguar Growth Partners (Jaguar), a privately-held investment management firm focused on global growth markets, today announced that it has acquired an approximate 9.4% position in Hoteles City Express (“HCITY”). With this position, Jaguar becomes HCITY’s largest shareholder, establishing a strategic partnership between the two firms.
The acquisition was made through Jaguar’s real estate private equity strategy, which focuses on investing opportunistically in real estate-related operating platforms and companies in key Latin American markets.
“As the largest hotel company in its targeted segments, Hoteles City Express is well-positioned to continue to grow and benefit from the solid fundamentals of Mexico’s economy and its presence in diverse regions across the country. We look forward to working with HCITY’s outstanding management team to increase shareholder value by optimizing its real estate assets and expanding its franchise and management operations,” said Thomas McDonald, Jaguar Managing Partner.
“We are excited to have Jaguar as our shareholder and to be able to count on their strategic support. Together with our team’s expertise in the Latin American hospitality marketplace and focus on operational excellence, we are confident that Jaguar’s real estate and capital market expertise will contribute positively to our strategy for profitable growth,” noted Mr. Luis Barrios, CEO of Hoteles City Express.
Jaguar has previously completed investments in several other operating platforms and companies including LatAm Logistic Properties and Brazilian retail property company Aliansce (BVMF:ALSC3).
Jaguar has previously completed investments in several other operating platforms and real estate companies in Latin America with significant success.