ANNOUNCED AS TEMPORARYNo
The new program "Improve your Hotel" (i.e. Mejora Tu Hotel) consists of competitive interest rate loans ranging between USD 5,700 and USD 3.4 million per project related to investment in fixed assets, including installation and pre-operational expenses; acquisition, extension, remodelling, equipment and certification of the hotel; reconversion and sustainability; brand changes; and construction of new hotels. The maturity of these loans may be up to 10 years.
The program is to be channelled via the following commercial banks: Banorte, Santander, HSBC, Bancomer, Banamex, Banregio, BanBajío, Afirme, Mifel, Multiva, ABC Capital, Serfimex Capital and Sofoplus.
As of December 1, 2016, almost USD 49 million had been channelled by Bancomext via this program.
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