Grupe SAB de CV is a Mexico-based holding company engaged in the hotel and tourism sectors. The Company owns and manages El Cid Resorts which operate four hotels in Mazatlan, El Cid Riviera Maya in Cancun and one hotel in Cozumel. The resorts offer spa services, events hosting, golf courses, island tours, horseback riding, biking, scuba diving and other water sports. In addition, the Company is also involved in the operation and leasing of timeshare properties, as well as in the development, construction, management, sale and operation of real estate, marinas, and golf and tennis clubs. As of December 31, 2011, GBM Grupo Bursatil Mexicano SA de CV Casa de Bolsa was the Company’s major shareholder with 12.44% of its interest.