(Press Release) Nexxus Capital today announced the Initial Public Offering of Grupo Hotelero Santa Fe on the Mexican Stock Exchange. HOTEL is a leading platform specifically created to operate and acquire hotels in Mexico.

Nexxus Capital Announces the Initial Public Offering of Grupo Hotelero Santa Fe
On February 2010, Nexxus Capital, through Nexxus Capital Private Equity Fund III, L.P. (“Nexxus III”), partnered with Grupo Chartwell and Walton Street Capital in order to form Grupo Hotelero Santa Fe, S. de R.L. de C.V. (“HOTEL” or the “Company”), a leading platform specifically created to operate and acquire hotels in Mexico.
As of June 30, 2014, HOTEL’s operating portfolio includes 13 hotels of which 6 are own, 4 are owned by third parties and 3 are in development stage for a total of 3,292 current rooms plus 443 rooms under development.

The Company’s hotel platform includes the market leading brand Krystal consisting of four hotel sub-brands: Krystal Grand (5 star luxury), Krystal Resorts (5 stars), Krystal Beach (4 stars) and Krystal Urban (4 stars).

On September 12, 2014, the Company placed its shares on the Mexican Stock Exchange with the ticker BMV:HOTEL (Bloomberg: “HOTEL*:MM”), at a price of MX$10.00 per share, equivalent to US$0.7568. At such price, the aggregate value of the offering was MX$750 million or approximately US$56.76 million.

One hundred percent of the offering was primary; after which Nexxus III has a 34.45% ownership in HOTEL and is the largest investor in the Company. At the offering price of MX$10.00 per share, Nexxus III’s unrealized gross multiple of cost is 1.75x.
The lead underwriters of the offering were Casa de Bolsa Banorte Ixe, S.A. de C.V. and Casa de Bolsa Santander, S.A. de C.V.