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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) announced the acquisition of 90% of the shares of Consorcio Grupo Hotelero T2, S.A. de C.V. (the Consortium) in order to develop and operate an NH-branded hotel and commercial areas inside the new Terminal 2 of the Mexico City International Airport. NH Hoteles, S.A. of Spain owns the other 10%.
With the acquisition of the shares of the Consortium, OMA joins with international hotel operator NH Hoteles to develop and operate a 287-room, 5-star hotel and more than 5,000 m2 in commercial space inside Terminal 2, under a 20-year lease agreement with the Mexico City International Airport (AICM).
OMAB will operate the commercial areas, and NH Hoteles will operate the hotel. The construction of the hotel is 60% completed and is expected to begin operations at the end of the first quarter of 2009. The Consortium is currently carrying out market and feasibility studies for the development of the commercial areas, with an expected start of operations of the first phase of commercial development in 2010.
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