Grupo Posadas

Chapter 11 Petition by Grupo Posadas S.A.B. de C.V. and Operadora del Golfo de Mexico, S.A. de C.V., collectively described as "the largest hotel operator in Mexico in terms of the number of hotels and number of rooms" which have "outstanding pre-petition debt obligations of approximately $405.6 million", at the U. S. Bankruptcy Court for the Southern District of New York.