The Investment and Real Estate Trust, Fibra Inn, issued a statement through the Mexican Stock Exchange (BMV), informing that it plans to acquire the Secrets Silversands Riviera Cancun resort, with which it will debut in the beach hotel segment. He commented that the total investment will be 160 million dollars plus an estimated 20 million dollars with which rooms will be expanded and other types of modifications in the same property.

He determined that he seeks to participate with 33% of the total investment, so the rest will be submitted for consideration by two Mexican institutional funds, which will analyze the project and decide on participation.

The Silversands Riviera Cancun is a luxury hotel that operates under the all-inclusive model, has 441 rooms in operation and plans an expansion of 175 more rooms.