Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, OTC: DFBRY), an internally-managed Mexican real estate investment trust specializing in the hotel industry with international brands, serving the business traveler, today announced its operating results for its hotel indicators as of February 2017.
|MONTHLY SAME-STORE SALES|
|Room Revenue (Ps. millions)||143.6||135.4||6.0||%|
|Occupancy exc. addition of rooms||62.9||%||60.6||%||2.3 pp|
|RevPar exc. addition of rooms||789.5||719.0||9.8||%|
The 9.8% increase in Revenue per Available Room (RevPar excluding the addition of rooms) was the net effect of the 5.8% rate increase and the 2.3 percentage point occupancy level increase. The 6.0% increase in Room Revenue includes the 29 days for the month of February 2016; thus the comparable would have been a 9.8% increase for the comparable base of 28 days.
Total Sales for February 2017 were:
|MONTHLY TOTAL SALES|
|February 2017||February 2016||Change%|
|Number of hotels||42||40|
|Room Revenue (Ps. millions)||147.4||133.8||10.2||%|
Note: The Arriva Express Guadalajara hotel is excluded as it is temporarily closed due to its conversion to the AC by Marriott brand.
The same-store sales calculation considers 41 comparable properties, as the criterion is to include hotels, which have been in Fibra Inn’s portfolio for at least half of the period. In this report, two hotels were excluded in total. These were: the Courtyard by Marriott Chihuahua hotel, which is recently built and has no operational history; and the Arriva Express Hotel Guadalajara, which is temporarily close due to its conversion to the AC by Marriott brand.
To date, Fibra Inn has a total portfolio of 43 properties in operation. This represents a total of 7,112 rooms, of which 6,891 are in operation, and 221 are currently under construction. Additionally, Fibra Inn has a minority interest in two properties, currently being externally developed under the Strategic Hotel Acquisition Pipeline model, representing 430 rooms.
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