Fibra Inn Results

Fibra Inn Reports 6.2 Percent RevPar Increase for August 2017

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.

Fibra Inn

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
Occupancy     62.3%     61.2%     1 pp
ADR (Ps.)     1,192.3     1,143.4     4.3%
RevPar exc. addition of rooms     743.8     700.2     6.2%
RevPar (Ps.)     742.3     700.2     6.0%
                   

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%
Occupancy     62.3%     61.2%     1.1 pp
ADR (Ps.)     1,192.3     1,146.1     4.0%
RevPar     742.3     701.6     5.8%
                   

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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