Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13, ADR OTC:DFBRY) , an internally managed Mexican real estate investment trust specialized in the hotel industry serving the business traveler, today announced its operating results for its hotel indicators of August 2017.
|MONTHLY SAME-STORE SALES|
|43 hotels||August 2017||August 2016||Change %|
|Room Revenue (Ps. millions)||158.6||149.3||6.2%|
|Occupancy exc. addition of rooms||62.4%||61.2%||1.1 pp|
|RevPar exc. addition of rooms||743.8||700.2||6.2%|
The 6.2% increase in Revenue per Available Room was due to:
- A moderate increase of 4.3% in rates, which includes the effect of the average exchange rate appreciating by 3.6%; and
- An increase in occupancy rate of 110 bps.
Total Sales for August 2017 were:
|MONTHLY TOTAL SALES|
|August 2017||August 2016||Change %|
|Number of hotels||43||42|
|Room Revenue (Ps. millions)||158.6||147.8||7.3%|
The same-store sales calculation considers 43 comparable properties, as the criterion is to include hotels, which have been in Fibra Inn’s portfolio for at least half of the period.
To date, Fibra Inn has a total portfolio of 43 properties. This represents a total of 7,115 rooms, of which 222 are 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.
Fibra Inn is a Mexican trust formed primarily to acquire, develop and rent a broad range of hotel properties in Mexico aimed at the business traveler. The Company has signed franchise, license and brand usage agreements with international hotel brands for the operation of global brands as well as the operation of national brands. Additionally, the Company has development agreements. These hotels enjoy some of the industry’s top loyalty programs. Fibra Inn trades its Real Estate Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange under the ticker symbol “FINN13”; its ADRs trade on the OTC market in the U.S. under the ticker symbol “DFBRY”.
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