Procedure for approaching and acquiring hotels in Mexico
- The investor must submit a Letter of Registration and A letter of intent to purchase
The letter must contain:
- The buyer company’s letterhead through which the investors will register.
- Must be signed by at least one of the investors or the legal representative; in any case, a readable official identification of the signer and the legal power to acquire assets on behalf of the company must be attached.
Business Curriculum Vitae or Dossier must be sent, which describes the company’s address, activity, executive directory, commercial activities, scope, financial considerations, etc.
Proof of Funds will be requested, which must be issued through an official document letterheaded by a banking institution. However, instead of this document, the owner and/or legal representative of the hotel may request the completion of an Escrow, which must be carried out in the country decided by the owner and/or legal representative of the hotel.
Once points 1 to 3 are received, they will be sent to the owner and/or legal representative of the hotel to evaluate and accept the interest shown by the investors; in case of a positive response we will proceed to step 5.
Except for exceptions to the described procedure that have been agreed upon between investors and owners; if all of the above has been done and accepted, a video conference meeting will be held as a first approach, or in-person visit to the hotel facilities, as applicable.