MONTERREY, Mexico—CBRE Hotels and Capital Markets have arranged the sale of the Sheraton Ambassador Hotel, a 14-story hotel located in the renowned historic district of downtown Monterrey, Mexico.

FibraHotel acquired the property from Starwood Hotels & Resorts for an undisclosed price.

The Miami-based team representing the seller included Christian Charre, senior vice president, CBRE Hotels, and Tim Gifford, senior vice president, CBRE Capital Markets.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.