Following its US$380 million IPO on the Mexican Stock Exchange in March 2013 and a follow-on US$200 million equity placement in November 2014, Fibra Inn has emerged as one of Mexico's leading hotel REITs. The company has built a high-quality, geographically diverse portfolio of over 40 internationally branded properties throughout Mexico.
Indigo Capital and Citigroup Venture Capital International (CVCI) jointly invest US$27 million in Hoteles Prisma to accelerate growth through greenfield developments in Mexico's leading economic hubs.
Investment enables the company to grow to nine high-quality properties, positioning itself well for the IPO market.
Hoteles Prisma negotiates acquisitions to expand portfolio to 14 properties and files to go public in the Mexican stock market as Fibra Inn, a publicly traded hotel REIT.
Indigo Capital leads formation of a US$75 million Control Trust to facilitate the IPO that created Fibra Inn. The firm's principals join Fibra Inn's board.
Fibra Inn grows its portfolio 5x following the IPO, reaching 7,419 rooms in 46 hotels under the world's leading brands including IHG, Marriott, Hilton, Wyndham, and Starwood Hotels and Resorts.