World News: 22:07 GMT Wednesday 11th July 2018. [Fibra Inn via Globe Newswire via SPi World News]
MONTERREY, Mexico, July 11, 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 traveler with international brands, today announced its operating results for its hotel indicators for June 2018.
The 2.1% increase in Revenue per Available Room due to:
Total Sales for were:
As a result of the aforementioned, operating indicators for the second quarter of 2018 were as follows:
The same-store sales calculation includes all the hotels that have been in Fibra Inn’s portfolio for at least half of the period under discussion. In this case, it is important to mention that the Casa Grande Ciudad Juarez hotel was excluded from the calculation for the month of June, as this hotel has been closed since September 2017 due to its 51-room expansion and its conversion to the Holiday Inn brand. Additionally, the AC Hotels by Marriott Guadalajara remained closed during May 2017 during its brand 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.
Globe Newswire: 22:07 GMT Wednesday 11th July 2018
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