U.S.-Mexican firm buys Guatemalan hotel

The Inmann Investment Corporation, a Mexican-American company, bought Las Americas Hotel in Guatemala City, a facility franchised by Spain-based chain Sol Meliá.

The undisclosed total amount of stocks was purchased by Inmann Investment Corp. with a view to place that hotel among the finest in the Guatemalan capital, Mexican-born Juan Fernando Jimenez, the hotel’s new general manager, told news media.

The shares were formerly in the hands of the Botran family, owner of a liquor factory headquartered in the Central American nation.

Mr. Jimenez said there are twelve four-star and five-star hotels in the city, “but franchises keep coming in because they eye Guatemala as an open door to reach out to the Central American region.”