Iberostar Is Choked by Los Cabos, the Mexican Refuge of American Millionaires

El Pais

Lean Left

Factuality

Ownership

Mexico has become a priority destination for Spanish hotel companies because of the rapid return they get from their investments and the significant volume of customers that add up to 135 million local inhabitants plus the millions of Americans and Canadians who choose it for their holidays. Riu is placed on a first step, with 23 assets, only four fewer than in all of Spain, and Barceló, with 22 assets, after closing the acquisition of two hotel…