Fibra Inn Announces Hotel Indicators for March 2018 and First Quarter 2018

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MONTERREY, Mexico, April 16, 2018 (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 March 2018.

The 0.8% decrease in Revenue per Available Room reflects a lack of growth during the month due to:

Excluding the Easter holiday effect, the room revenue in same-store sales would have showed an increase of 4.6% in March 2018 and 6.0% in the first quarter 2018, respectively.

Total Sales for were:

As a result of the above, operating indicators for 1Q18 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 under discussion. In this case, it is important to consider that the Casa Grande Ciudad Juarez hotel has been closed since September 2017 due to its 51-room expansion and conversion to the Holiday Inn brand. Additionally, the AC Hotels by Marriott Guadalajara remained closed during March 2017 during its band conversion.

Fibra Inn has a portfolio of 43 total properties, with 6,944 rooms; out of which 6,748 are in operation, 145 are under a rebranding process and 51 are in the expansion process. Furthermore, Fibra Inn has a minority interest in three properties, currently being externally developed under the Strategic Hotel Acquisition Pipeline model, representing 633 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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Globe Newswire: 18:21 GMT Monday 16th April 2018

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