The US Bankruptcy Court approved the joint pre-packaged modified plan of reorganization and disclosure statement of Grupo Posadas, S.A.B. de C.V. on December 9, 2021. The debtor has filed its modified plan in the Court on November 30, 2021. As per the plan filed, administrative claims, professional claims, priority tax claims and other priority claims will be paid full in cash. Secured claims will be paid either through cash in an amount equal to such claim or the property of the debtors that constitutes collateral securing such claim or reinstatement of the legal, equitable and contractual rights of such holder. Existing Notes Claims of $392.61 million plus the aggregate amount of any accrued and unpaid interest on the respective series of notes through the petition date will be paid through cash and new notes issued. General unsecured claims will either be reinstated or paid full in cash. Intercompany claims and equity interests will be reinstated. The plan will be funded through cash in hand, sale of assets and issuance of New notes.