Marriott acquires certain strategic assets of City Express Hotels

Santamarina + Steta advised Marriott International, as a local firm, in the acquisition of certain assets of City Express Hotels for $100 million dollars; the acquisition involved a portfolio of brands – City Express, City Express Plus, City Express Suites, City Express Junior and City Centro –, associated brands, domains and the City Premios loyalty program. The Santamarina + Steta team was led by Aaron Levet, Alberto Saavedra y Martin Cortina, who had the support of Efraín Olmedo, in the field of intellectual property, and David Raziel Celis, from the transactional team.

Gibson, Dunn & Crutcher participated as lead firm, led by partners Stephen Glover and Alexander Orr.

The operation, which was announced in October 2022, was formally concluded on May 2, 2023, following, among others, the authorization of the concentration by the Federal Economic Competition Commission. Our partner, Vicente Grau, with the support of Yakov Y. Kobets y Sofia Ramirez, assisted in obtaining such approval.