The tourist group invests 10.5 million euros in the purchase of the Hotel Cataratas *****
in Iguazu (Argentina) and, in addition, acquires 50% of the Hacienda Vista Real Hotel & Spa*****
located in Playa del Carmen (Mexico) that will not be directly operated.

The Hotusa Group enters holiday tourism with the purchase, for 10.5 million euros, of the four-star Cataratas Hotel, located in the Iguazu Pass (Argentina). The Spanish company which, up to now only focused on establishments situated in city centres or in urban surroundings, has moreover, acquired 50% of the four-star property Hacienda Vista Real Hotel & Spa, a luxurious complex at Playa del Carmen (Mexico) that it will not be operating directly.

The Hotusa Group Chairman, Amancio Lopez Seijas, justifies the decision to diversify the establishments contained in its portfolio, because of “the singularity of both establishments and their privileged setting in areas of top tourist interest”. With a view to the future, Lopez Seijas assures that “we do not rule out continuing to enlarge our portfolio with this type of hotel, although our main line of development will still be by way of the purchase or renting of urban hotels, like those belonging to our Eurostars Hotels chain”.

With these two operations, the Hotusa Group consolidates its backing of internationalizing its activities and increasing its prominence on the continent of America where it has seven hotels.

The Iguazu hotel is the second establishment that the group, headed by Amancio Lopez Seijas, possesses in Argentina, following the acquisition last September of the five-star Claridge Hotel in Buenos Aires.
In Mexico, Hotusa, to date, has three establishments in the capital city: the five-stars Eurostars Zona Rosa Suites and the Hotel Suites San Marino and a third that is currently undergoing renovation, the the five-star Eurostars Suites Michelangelo. Recently, the company acquired the five-star Dylan Hotel in New York, via a jointventure with Losan Hotels.