US EditionPiñero Receives USD 447 Million From Hyatt and Allocates 285 to Reforms Tourism News REPORTUR
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Grupo Piñero, according to El País, received from Hyatt 419 million euros (about 447 million dollars), of which 250 million euros (about 285 million dollars) will be invested in the reform of hotels of the Bahia Príncipe brand. The conglomerate maintains a debt of 600 million, which for Encarna Piñero, “is not a comfortable figure, but it has been necessary. Maintaining a conservative model with hotels in property undermined the growth. Our situ…
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