Fibra Inn Announces Hotel Indicators for September 2017 and Third Quarter 2017

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MONTERREY, México, Oct. 12, 2017 (GLOBE NEWSWIRE) -- Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) (ADR OTC:DFBRY) (“Fibra Inn” or “the Company”), 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 for the month of September 2017 and the third quarter of the year.

The 1.6% decline in Revenue per Available Room was due to the net effect of the 3.0% average daily rate increase and the 2.8 percentage-point decline in occupancy. This decline was due to decelerations in some of the locations, the unusual number of cancellations, and therefore the lower number of guests due to recent meteorological phenomena:

             Total Sales for September 2017 were: 

As a result of the aforementioned, operating indicators for the third quarter of 2017 were as follows:

The same-store sales calculation considers all of the hotels which have been in Fibra Inn’s portfolio for at least half of the period. In this case, it is important to consider that two hotels are excluded from the September calculation. These are the Casa Grande Ciudad Juárez, which will remain closed beginning in September due to its expansion and conversion to the Holiday Inn brand; and the Holiday Inn México Coyoacán, which temporarily interrupted operations as a result of the earthquake this past September 19 and has, at this time, already re-initiated operations.

Fibra Inn has a portfolio of 43 total properties, with 7,115 rooms. Additionally, Fibra Inn has a minority interest in two properties, currently being externally developed under the Strategic Hotel Acquisition Pipeline model, representing 430 rooms.

Contacts:

In Monterrey, Mexico:Lizette Chang, IROFibra InnTel: 52 1 (81)1778-5926Email: lchang@fibrainn.mx

In New York:Maria Baronai-advize Corporate Communications, Inc.Tel: (212) 406-3691Email: mbarona@i-advize.comTwitter: @fibrainn.mx

More news and information about Fibra Inn

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Globe Newswire: 00:30 GMT Friday 13th October 2017

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