TRENDING
PARKS HOSPITALITY takes US business to the bank
MEXICO CITY-BASED DEVELOPER HAVING A GREAT YEAR WITH RESORTS AND CEO EL MANN FASJA SAYS THEY ARE CONSIDERING RAISING INSTITUTIONAL CAPITAL IN THE U . S .
by HOTELS EDITORS
Parks Hospitality ’ s Hilton hotel in Cancun , Mexico
Airport receives 1,219 international flights per week , of which 812 come from the United States , according to Airports Council International .
Parks Hospitality is well positioned to take advantage of these travel trends . The business was founded 20 years ago as a division of Parks Holdings , a development company with projects that span corporate , retail , industrial and residential segments . To date , Parks Hospitality has 32 properties totaling 12,000 rooms in Mexico and the U . S . and offers services from land acquisition to development .
This development experience is perhaps why Parks Hospitality is the official partner of Hilton Hotels & Resorts in Mexico . Together they developed approximately 15 hotels in Mexico , giving the multinational company a foothold in one of the few places in the world where it didn ’ t have a strong presence .
The relationship between the two companies is “ like a marriage ,” Fasja says . “ It was a huge win-win because they needed a product , and we needed a brand to help us fill rooms .”
Parks has similar arrangements with other large hotel brands , including Hyatt Hotels Corp . and Grupo Posadas . Its properties in Mexico include Hilton Vallarta Riviera , Hilton Tulum , Conrad Tulum , Canopy Cancun , Hilton Mexico City Reforma , Hilton Mexico City Santa Fe , Hilton Guadalajara Midtown and Hilton Monterrey GVO .
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