Mexico's Grupo Estancias Extendidas gets $28.4 mln PE investment

Northgate Capital and Alta Growth Capital led a MXN$530 million investment in Grupo Estancias Extendidas, S.A. de C.V., the first low-cost extended stay hotel chain in Mexico. The funding will go toward an expansion plan that foresees over 40 new properties over the next five years.

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