Fibra Inn Results

Fibra Inn Announces Report of Hotel Indicators for May 2017

Samestore Sales Increase 14.9 Percent

Fibra Inn

Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY), a Mexican real estate investment trust internally managed and specialized in the hotel industry serving the business traveler, today announced its operating results for its hotel indicators of May 2017.

                   
MONTHLY SAME-STORE SALES                  
41 hotels     May 2017     May 2016     Change %
Room Revenue (Ps. millions)     158.9     138.4     14.9%
Occupancy exc. addition of rooms     64.6%     61.0%     3.6 pp
Occupancy     64.7%     61.0%     3.7 pp
ADR (Ps.)     1,207.6     1,113.3     8.5%
RevPar exc. addition of rooms     780.2     679.2     14.9%
RevPar (Ps.)     781.6     679.2     15.1%
                   

The 14.9% increase in Revenue per Available Room was the net effect of the 8.5% rate increase and the 3.6 percentage points increase in occupancy.

Total Sales for May 2017 were:

                   
MONTHLY TOTAL SALES                  
      May 2017     May 2016     Change %
Number of hotels     42     41      
Room Revenue (Ps. millions)     163.7     138.7     18.0%
Occupancy     64.5%     60.6%     3.9 pp
ADR (Ps.)     1,219.9     1,109.1     10.0%
RevPar     786.6     672.5     17.0%
                   

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 closed due to its conversion to the AC by Marriott brand.

To date, Fibra Inn has a total portfolio of 43 properties, of which 42 are under operation; the Arriva Express Guadalajara hotel is temporarily closed due to its conversion to the AC by Marriott brand, which will add 180 rooms to the portfolio. This represents a total of 7,115 rooms, of which 222 are under construction and 180 are being renovated. 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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