Camiro Says Posadas to Cut Debt Ratio by Half This Year

Ruben Camiro, chief financial officer of Mexico's Grupo Posadas SAB, talks about the state of the hotel industry, the outlook for the company's growth and profitability, and the debt renegotiation strategy of Latin America's largest hotel chain operator.

The company aims to cut a measure of indebtedness by half this year as it sells assets to help meet obligations over the next three years. Camiro spoke with Bloomberg's Benjamin Bain in Mexico City yesterday. (Source: Bloomberg)

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