🇲🇽 New Chapter 11 Bankruptcy Filing - Grupo Posadas S.A.B. de C.V. 🇲🇽

This one is about as basic as they come these days. Grupo Posadas S.A.B. de C.V. (along with an affiliate, the “debtors”), an over-levered Mexican hotel management business (with a side hustle in vacation club sales), got smoked by the COVID-19 pandemic to the point that it needed to refinance a significant amount of funded debt in chapter 11 bankruptcy…