Global private equity fund manager Northgate Capital has led an MXN530 million (approximately US$28.4 million) investment in Mexico-based hotel developer and operator Grupo Estancias Extendidas (Extended Suites) with participation from Mexico-focused private equity firm Alta Growth Capital. The company will use the capital to boost its expansion plan of adding more than 40 new properties in the next five years. Extended Suites was founded in 2009 and provides lodging accommodations for business travelers seeking extended stay alternatives.