Grupo Empresarial Ángeles


Grupo Empresarial Ángeles is a Mexican corporation owned by Olegario Vázquez Raña and founded in 1998. It owns assets in the communications, healthcare, tourism and financial services industries.
Its director general is Olegario Vázquez Aldir.

History

GEA was formally founded in 1998 by Vázquez Raña, though its history dates to 1986 and the acquisition of Hospital Humana.
GEA has grown rapidly through acquisitions, particularly in the 2000s and 2010s. 1999 saw it acquire the Camino Real hotel chain, which formed the cornerstone of its tourism and hospitality business. In 2003, it bought Grupo Imagen. 2006 saw the acquisition of Multiva, its financial services unit, and of the Excélsior newspaper and channel 28 in Mexico City, the precursor to its Imagen Televisión national network.
In 2014, GEA, through its Grupo Imagen unit, bought Querétaro FC out of government administration. This came after the previous owner of the team was investigated for bank fraud.

Business sectors

Communications: Grupo Imagen

Grupo Imagen Multimedia is a media conglomerate consisting of Excélsior, a national-circulation newspaper; Imagen Radio, a national radio network along with other stations; the Imagen Televisión national network, and Excélsior Televisión, a cable news outlet carried over the air on XHTRES-TDT in Mexico City. It also owns Querétaro FC, a first-division Liga MX team, and various websites.

Healthcare: Grupo Ángeles Servicios de Salud

GEA began in the hospital industry when it acquired the failing Hospital Humana in 1986. Today, it owns Grupo Ángeles Servicios de Salud, which owns and operates the Hospital Ángeles hospital system composed of 28 hospital facilities across Mexico, 10 of which are in the Mexico City area. Vázquez Aldir considers the hospitals to be the "jewel in the crown" of the conglomerate.

Tourism: Grupo Real Turismo

In 1999, GEA acquired Grupo Real Turismo, which operated the Camino Real Hotels chain, for US $300 million. GEA repositioned it to focus on the business traveler market. Only one of the 18 Camino Real hotels is located outside Mexico, in El Paso, Texas.
GEA also owns two other hotel concepts: Quinta Real, a luxury hotel system, and Real Inn, a mid-tier hotel catering to business travelers. In total, there are 41 hotels with more than 6,800 rooms.
The tourism unit traded as a public company until delisting itself from the Bolsa Mexicana de Valores in June 2016.

Financial services: Grupo Financiero Multiva

Grupo Financiero Multiva was acquired by GEA in 2006. It operates a bank, brokerage firm, insurance company and investment funds.