Holland & Knight in Mexico City, New York and Tampa advised Fibra INN in the launch of its sponsored Level 1 American Depositary Receipt (ADR) Program.
Fibra INN is a Mexican real estate investment trust headquartered in Monterrey, formed primarily to acquire, develop, operate and rent a broad range of hotel properties in Mexico. Its American Depositary Receipt program is the first ever launched by a Mexican Fibra (Fideicomiso de Inversion en Bienes Raices, a Mexican REIT).
The Bank of New York Mellon acted as ADR depositary bank while Deutsche Bank Mexico was trustee.
Partners Guillermo Uribe in Mexico City and Stephen Double in New York fronted the team advising Fibra INN.