Fairfield Inn & Suites Continues to Strengthen its Footprint in Mexico with the Opening of Hotel in Saltillo
Marriott International announced today the opening of the first stage of the 142-roomFairfield Inn & Suites Saltillo, expanding the brand’s roster of Mexico properties to three. A second tower of the hotel with an additional 41 rooms is currently under construction and slated to open in 2015. The stunning hotel in Saltillo, the largest city in the state of Coahuila, will be operated by Marriott International and is located conveniently close to the General Motors Factory and 2.5 miles from the Saltillo Plan de Guadalupe International Airport.
“From the open business lobbies to our modern guest rooms, the Fairfield Inn & Suites Saltillo offer business and leisure guests excellent space and flexibility to optimize their stay,” said Tlaloc Monsivais, General Manager of the Fairfield Inn & Suites Saltillo.
The stunning hotel is entirely smoke-free and features a spacious, contemporary lobby concept thatprovides travelers with free Wi-Fi and spaces to work or relax with a variety of flexible seating options. The hotel offers modern, comfortable suites with contemporary workspaces, safe deposit boxes, LCD televisions and deluxe bedding. The hotel’s restaurant offers breakfast and other food and beverage services for the discerning traveler. Complimentary high-speed Internet is provided in all guest rooms, meeting rooms and business centers, and the property’s state-of-the-art fitness centers.
“Mexico’s growing middle class and booming economy have generated tremendous demand for mid-priced hotel properties,” said Kevin Schwab, Area Vice President of the Mexico at Marriott International. “We are fortunate to have such an excellent partnership in Mexico with FibraHotel, with whom we look forward to continue to grow many successful hotels within the country.”
“The Fairfield Inn & Suites Saltillo hotel represents our first full conversion with Marriott International, our second hotel in operation, and together with our pipeline, a total of 10 Marriott hotels announced. This opening represents our second hotel in Saltillo, an industrial city in northern Mexico with a very strong automotive industry” said Eduardo Lopez, Managing Director at FibraHotel.
Other Mexican Fairfield Inn & Suites properties include the 128-room Fairfield Inn Los Cabos and the 206-room Fairfield Inn Monterrey Airport. Additionally, FibraHotel is currently developing 3 Farifield Inn & Suites properties, in Villahermosa, Mexico City Vallejo and Juriquilla Queretaro.
Launched in 1987, Fairfield Inn & Suites has become a leader in the moderate tier category. With more than 700 properties throughout the United States, Canada, Mexico and India, guests can rely on Fairfield Inn & Suites to meet their lodging needs wherever their travels take them. Fairfield Inn & Suites participates in the company’s award-winning Marriott Rewards® frequent guest program. For more information or reservations, visit the web site at www.fairfieldinn.com.
Marriott International, Inc. (NASDAQ: MAR) is a leading global lodging company based in Bethesda, Maryland, USA, with more than 4,100 properties in 79 countries and territories and reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands, including: Marriott Hotels, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Moxy Hotels, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Protea Hotels, Marriott Executive Apartments and Marriott Vacation Club. Marriott has more than 361,000 people working worldwide at managed or franchised properties and corporate offices. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 49 million members. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
FibraHotel (BMV: FIHO12) is a Mexican trust created primarily to acquire, develop and operate business-class hotels in the limited service, selected service, full service and extended-stay segments. Our objective is to provide attractive returns to our CBFI holders, through stable cash distributions and the appreciation of our real estate assets. Also, we will aim to have a high quality hotel portfolio, through the affiliation to different hotel brands and renowned operators, as well as geographic and segment diversification.
Under Mexican laws, Fibras must invest at least 70% of its assets in real estate for lease, among other requisites. Additionally, Fibras must distribute in cash at least once a year 95% of taxable income to its CBFI holders. Such characteristics, together with a solid performance of the real estate market in Mexico and a team with over two decades of real estate and hotel experience, make FibraHotel an attractive investment vehicle. For more information, please visit our website at www.fibrahotel.com.