Grupo Posadas, S.A.B. de C.V., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on October 26, 2021. The debtor listed both its assets and liabilities in the range of $500 million to $1 billion. The debtor is represented by Jane Vanlare of Cleary Gottlieb Steen & Hamilton LLP as its legal counsel.