Paul Hastings LLP, a leading global law firm, announced today that it recently represented Morgan Stanley, Citigroup and Bank of America Merrill Lynch as initial purchasers in connection with Hoteles City Express’ $200 million international initial public offering.
Hoteles City Express is a leading Mexican hotel company, and is the largest hotel operator in the economy and budget segments in Mexico. Hoteles City Express’ hotels cater to business travelers in Mexico’s rapidly growing economy.
The oversubscribed offering involved the issuance of approximately US$200 million in Hoteles City Express’ stock publicly on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S.
Latin America practice partners Mike Fitzgerald and Taisa Markus led the Paul Hastings team, which also included of counsel Pedro Reyes, associate Emily Winston and foreign associate Alfonso Monroy.
