10 October 2017
Clifford Chance continues to lead in Mexico's REIT market, advising FibraHotel on its third equity offering
Clifford Chance represented FibraHotel in its recent US$220 million follow-on equity offering. FibraHotel is the first Mexican REIT focused on the lodging industry and one of the largest hotel owners in Mexico.
The global offering was completed on the Mexican Stock Exchange and, internationally, under Rule 144A and Regulation S. The Firm similarly advised FibraHotel on its two prior equity offerings: an initial public offering in 2012 and its first follow-on offering in 2013.
"FibraHotel has been at the forefront of the Mexican FIBRA market since its landmark IPO," said Capital Markets partner Jake Farquharson. "We are honored to have been collaborating with FibraHotel on groundbreaking transactions since day one."
Led by Farquharson, the Firm's New York-based team included Tax partner Avrohom Gelber, ERISA counsel Paul Koppel, and associates Allein Sabel, Lane Feler, Grace Park and Hannah Richard.
Clifford Chance has been involved in some of most significant FIBRA, REIT and REIT-related IPOs in recent years, and is deeply familiar with the complex capital markets, tax, corporate and marketing issues associated with bringing a REIT to market for the first time. The Firm is well known for delivering innovative solutions across global jurisdictions, including the US, Asia and Europe, and has leveraged its renowned Latin America capabilities in helping to bring and expand this market into Mexico.