The story
Fiesta Inn was launched as the business traveler oriented brand of Grupo Posadas in 1982. The Fiesta Inn in Mexico City was damaged during protests in connection with the 2012 inauguration of Mexico's new president. On December 21, 2012, Standard & Poor's Rating Services raised the rating of the global scale corporate credit rating of the parent company to 'B' and stated that several of the parent companies brands, including Fiesta Inn, are "well-recognized in the country [Mexico]."
News reports are stating that the parent company is considering building a new Fiesta Inn in Silao, Guanajuato.
In October 2021, Grupo Posadas filed for Chapter 11 bankruptcy protection in the US in an effort to stabilize its financial challenges and problems further escalated by the COVID-19 pandemic.
From Wikipedia’s article on Fiesta Inn, shared under CC BY-SA 4.0.4