The story
In 2012, Grupo Posadas sold its South American brands Caesar and Caesar Business to Accor Hotels. This appears to be a refocusing on the Mexican hospitality industry.
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 Grupo Posadas, shared under CC BY-SA 4.0.4
