ASUR Buys Land From Fonatur

Grupo Aeroportuario el Sureste (ASUR) has purchased 130 hectares of land in Huatulco from Fonatur, Mexico’s national tourism fund, as part of a bidding process. The deal is worth MXP286.3m and requires that ASUR build 1,300 hotel rooms on the property within four years. ASUR, which trades on the NYSE and the Mexican Stock Exchange, has a market cap of $1.2bn.