GHSF announces intention to carry out follow-on offering

Published: 30/May/2016

Mexico City, May 27th, 2016.- Grupo Hotelero Santa Fe, S.A.B. de C.V. (BMV: HOTEL) (“HOTEL” or “the Company”), one of the leading companies in the Mexican hotel industry, announces its intention to carry out a public offering of shares in Mexico through the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.), and in Chile pursuant to the regulations of the Latin American Integrated Market (Mercado Integrado Latinoamericano).

 

The Company expects to carry out the offering as soon as the corresponding corporate and regulatory authorizations are obtained, and as long as the market conditions are satisfactory.

GBM Grupo Bursatil Mexicano, S.A. de C.V., Casa de Bolsa would act as an underwriter in this offering.

HOTEL is in the right direction to become the leading hotel Company in Mexico and will continue seeking to take advantage of growth opportunities to accelerate its expansion plan, which the Company has been unfolding since its IPO. The proceeds from the offering will be primarily used to continue with the expansion plan and for general corporate purposes.

This press release does not constitute an offer to sell or purchase, and no offer or sale of the shares to which this notice relates shall be made in any country or jurisdiction in which such offer or sale is not permitted pursuant to securities laws and regulations of any such countries or jurisdictions.

The shares of the Company to which this communication relates may not be offered or sold to the public in Mexico until the Mexican National Banking and Securities Commission authorizes its offer pursuant to the provisions of the Securities Market Law.

About Grupo Hotelero Santa Fe

Grupo Hotelero Santa Fe is one of the leading companies in the hotel industry in Mexico, with a Mexican DNA, and is focused in acquiring, converting, developing and operating owned and third-party hotels.

The Company is renowned for the strategic location and high quality of its assets, its operating efficiency, as its unique operating model is characterized by the multi-functionality and efficiency of its personnel and cost control, and for its proprietary Krystal® brand, which has considerable recognition in the Mexican market

HOTEL is committed to continue being a Company that is a great place to work and provides an excellent service to its guests, respects its environment and generates a high profitability to its shareholders.

The Company has over 2,600 employees in Mexico, it belongs to the ranking of “Súper Empresas Expansión 2015” and its stock is listed in the Mexican Stock Exchange under the ticker HOTEL. The company has been awarded with the ESR recognition (Social Responsible Company).