ASUR Completes Acquisition of URW Airports, Expanding to Major U.S. Airport Hubs

Rhea-AI Summary

Grupo Aeroportuario del Sureste (NYSE:ASR) announced on December 11, 2025 that its U.S. subsidiary, ASUR US Commercial Airports, LLC, completed the acquisition of URW Airports, LLC for an enterprise value of $295 million.

URW Airports — acquired from Westfield Development, Inc. — will operate as ASUR Airports, LLC and manage select commercial programs at major U.S. airport terminals, including terminals at Los Angeles (Terminals 1, 2, 3, 6, Tom Bradley and Tom Bradley West), Chicago O'Hare (Terminal 5), and New York JFK (Terminals 8 and New Terminal One). The move expands ASUR's U.S. retail concessions footprint and commercial capabilities under a local management team.

Positive

• Acquisition size of $295 million enterprise value
• New U.S. footprint adding major hubs at LAX, JFK, and ORD
• Multiple terminals acquired: LAX (T1, T2, T3, T6, Tom Bradley, TB West)
• JFK and ORD presence: JFK (T8, New Terminal One), ORD (T5)
• Standalone U.S. unit to operate as ASUR Airports, LLC

Negative

• None.

Key Figures

Enterprise value $295 million Enterprise value paid for URW Airports, LLC

Airports operated 16 airports Existing portfolio of concessions in the Americas

Major U.S. airports 3 airports JFK, LAX, and Chicago O'Hare retail terminal operations

Market Reality Check

$321.48 Last Close

Volume Volume 56,622 is in line with the 20-day average of 57,670 (relative volume 0.98x). normal

Technical 200-day moving average is 308.94 with internal flag set to 'below'.

Peers on Argus

Key peers in Industrials/Airports such as PAC (+4.35%) and CAAP (+2.34%) showed gains, but momentum scanners did not flag a coordinated sector move, suggesting this U.S. retail acquisition is more stock-specific.

Common Catalyst Peers PAC and ARMK also reported corporate actions (business combination approval, debt repricing), pointing to a period of balance sheet and strategic repositioning across related names.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 08	Traffic update	Positive	+0.8%	November 2025 passenger traffic rose 1.5% year over year.
Dec 04	Governance/meeting	Neutral	-0.8%	Called shareholders’ meeting to authorize acquisitions and new debt capacity.
Nov 18	Major acquisition	Positive	+0.5%	Agreed to acquire Motiva’s CPC, adding stakes in 20 Latin American airports.
Nov 06	Traffic update	Positive	+0.1%	October 2025 passenger traffic increased 1.0% versus prior year.
Nov 05	Acquisition offer	Neutral	+2.8%	Confirmed non-binding offer for Motiva airports; no agreements signed yet.

Pattern Detected

Recent ASR news, including traffic updates and acquisitions, has typically been followed by modest positive price reactions, indicating the market has generally rewarded incremental growth announcements.

Recent Company History

Over the last months, ASR has reported steady traffic growth, with October and November 2025 passenger figures both showing year-on-year increases. Governance steps in January 2026 were prepared via a shareholders’ meeting call allowing future asset purchases and debt financing. Strategically, ASR signed a major Latin American airport acquisition on Nov 18, 2025 and previously agreed to acquire URW’s U.S. airport retail concessions on Jul 30, 2025. Today’s completion of the URW Airports deal advances that U.S. expansion theme.

Market Pulse Summary

This announcement confirms closing of the URW Airports acquisition for an enterprise value of $295 million, giving ASR retail concessions exposure at JFK, LAX, and Chicago O’Hare. It builds on earlier agreements, including the Motiva CPC deal for stakes in 20 Latin American airports. Investors may focus on integration of the U.S. retail operations, performance of commercial programs at high-traffic terminals, and progress toward completing the Motiva transaction as key markers of the broader expansion strategy.

Key Terms

enterprise value financial

"for an enterprise value of $295 million U.S. Dollars."

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

equity interest financial

"acquiring all of the issued and outstanding equity interest of URW Airports, LLC"

An equity interest is an ownership stake in a company that gives the holder a share of its assets, profits and sometimes voting power—think of owning a slice of a pie that grows or shrinks with the business. Investors care because the size and type of that stake determine how much they benefit from future gains, bear losses, receive dividends, or influence decisions, and it directly affects the value and risk of their investment.

AI-generated analysis. Not financial advice.

MEXICO CITY, Dec. 11, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR; BMV:ASUR) (ASUR) today announced that ASUR's subsidiary ASUR US Commercial Airports, LLC has completed the acquisition of URW Airports, LLC, the retail developer and operator of terminals at John F. Kennedy International Airport, Los Angeles International Airport, and Chicago O'Hare International Airport, for an enterprise value of $295 million U.S. Dollars.

The purchase was completed with ASUR US Commercial Airports, LLC acquiring all of the issued and outstanding equity interest of URW Airports, LLC from Unibail-Rodamco-Westfield's wholly owned subsidiary Westfield Development, Inc. The acquired entity will be called ASUR Airports, LLC (ASUR Airports).

ASUR is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. In the mainland-U.S., the company will operate as ASUR Airports, which will look to grow its network, including airport and airport terminal development initiatives. This acquisition marks ASUR's strategic expansion of its U.S. airport retail concessions operations, expanding its footprint and enhancing its commercial capabilities.

Led by an industry-leading local management team, ASUR Airports will now manage select commercial programs at key U.S. airport terminals, including: Terminals 1, 2, 3, 6, and Tom Bradley International Terminal and Tom Bradley International Terminal West at Los Angeles International Airport; Terminal 5 at Chicago O'Hare International Airport; and Terminals 8 and New Terminal One at New York John F. Kennedy International Airport.

About ASUR

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. These comprise nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean, and Latin America, and six airports in northern Colombia, including José María Córdova International Airport (Rionegro), the second busiest airport in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway for international and mainland-US destinations and was the first and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx

About ASUR Airports

ASUR Airports, a recently acquired division of ASUR, delivers seamless journeys by creating uplifting retail travel experiences that put customers, local business and community stakeholders at the heart of everything. Partnering with airports and airlines, across some of the world's busiest airports, including Los Angeles International (LAX), Chicago O'Hare International (ORD), and John F. Kennedy International (JFK), ASUR Airports has a proven track record of delivering elevated travel experiences that drive commercial revenue above U.S. benchmarks.

For more information, please visit www.asurairports.com

Forward Looking Statements

Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.

View original content:https://www.prnewswire.com/news-releases/asur-completes-acquisition-of-urw-airports-expanding-to-major-us-airport-hubs-302639651.html

SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.

FAQ

What did ASR announce on December 11, 2025 about U.S. operations?

ASR announced completion of the URW Airports acquisition for $295 million and formation of ASUR Airports, LLC to operate U.S. terminals.

Which terminals will ASUR Airports manage after the ASR acquisition?

ASUR Airports will manage select programs at LAX (T1, T2, T3, T6, Tom Bradley, TB West), ORD (T5), and JFK (T8, New Terminal One).

Who did ASR acquire URW Airports from in the December 2025 deal?

ASR acquired URW Airports from Unibail-Rodamco-Westfield’s subsidiary Westfield Development, Inc..

How much did ASR pay for URW Airports and when was the purchase completed?

The enterprise value was $295 million, and the purchase was completed on December 11, 2025.

Under what name will ASR operate its U.S. retail concessions business?

The acquired business will operate in the mainland U.S. as ASUR Airports, LLC.

What strategic effect does the URW Airports acquisition have for ASR (ASR)?

The acquisition expands ASR’s U.S. airport retail concessions footprint and commercial capabilities at major hubs under a local management team.