Company Website:
http://www.fibrainn.mx
MONTERREY, Mexico -- (Business Wire)
Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616
or Fibra Inn (BMV:FINN13, OTC:DFBRY) (“Fibra Inn” or “the Company”), the
Mexican real estate investment trust specializing in the hotel industry
serving the business traveler with international brands, today announced
its operating results for its hotel indicators as of November 2016.
MONTHLY SAME-STORE SALES |
40 hotels
|
|
|
|
|
|
| November 2016 |
|
|
| November 2015 |
|
|
| Change % |
Room Revenue (Ps. millions)
|
|
|
|
|
|
|
152.5
|
|
|
|
127.9
|
|
|
|
19.3%
|
Occupancy exc. addition of rooms
| | | | | | |
66.5%
| | | |
59.0%
| | | |
7.5 pp
|
Occupancy
| | | | | | |
66.1%
| | | |
59.0%
| | | |
7.2 pp
|
ADR (Ps.)
| | | | | | |
1,189.4
| | | |
1,124.2
| | | |
5.8%
|
RevPar exc. addition of rooms
| | | | | | |
790.7
| | | |
663.0
| | | |
19.3%
|
RevPar (Ps.)
|
|
|
|
|
|
|
786.6
|
|
|
|
663.0
|
|
|
|
18.6%
|
The 19.3% increase in Revenue per Available Room (RevPar excluding the
addition of rooms) was the net effect of the 5.8% rate increase and the
7.5 percentage point occupancy level increase that was driven by the
strength of the industrial sector in northern Mexico as well as in other
central cities such as Guadalajara, Toluca and the hotels in the Bajio
region.
Total Sales for November 2016 were:
MONTHLY TOTAL SALES |
|
|
|
|
|
| |
|
|
| |
|
|
| |
|
|
|
|
|
|
| November 2016 |
|
|
| November 2015 |
|
|
| Change % |
Number of hotels
| | | | | | |
43
| | | |
36
| | | | |
Room Revenue (Ps. millions)
| | | | | | |
159.4
| | | |
120.6
| | | |
32.2%
|
Occupancy
| | | | | | |
64.7%
| | | |
60.9%
| | | |
3.8 pp
|
ADR (Ps.)
| | | | | | |
1,194.7
| | | |
1,122.6
| | | |
6.4%
|
RevPar
|
|
|
|
|
|
|
772.4
|
|
|
|
684.1
|
|
|
|
12.9%
|
The same-store sales calculation considers 40 comparable properties, as
the criterion is to include hotels, which have been in Fibra Inn’s
portfolio for at least half of the period. In this report, a total of
three hotels were excluded. These were two recently built hotels that
have no operational history: The Fairfield Inn & Suites by Marriott
Coatzacoalcos, the Courtyard by Marriott Chihuahua, and the Best Western
Valle Real, which is a recently acquired hotel.
To date, Fibra Inn has a total portfolio of 43 properties in operation.
This represents a total of 7,112 rooms, 6,891 are in operation, and 221
are currently 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.
About the Company
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 having properties operating under 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 ADR trades on the OTC market in the U.S. under the ticker
symbol “DFBRY”.
For more information, please visit our website: www.fibrainn.mx
Note on Forward-Looking Statements
This press release may contain forward-looking statements.These
statements are statements that are not historical facts, and are based
on management’s current view and estimates of future economic
circumstances, industry conditions, Company performance and financial
results. Also, certain reclassifications have been made to make figures
comparable for the periods. The words “anticipates”, “believes”,
“estimates”, “expects”, “plans” and similar expressions, as they relate
to the Company, are intended to identify forward-looking statements.Statements
regarding the declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital expenditure
plans, the direction of future operations and the factors or trends
affecting financial condition, liquidity or results of operations are
examples of forward-looking statements.Such statements reflect
the current views of management and are subject to a number of risks and
uncertainties.There is no guarantee that the expected events,
trends or results will actually occur.The statements are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors.Any
changes in such assumptions or factors could cause actual results to
differ materially from current expectations.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161208006375/en/
Contacts:
In Monterrey, Mexico:
Fibra Inn
Lizette Chang, IRO, 52
1 (81)1778-5926
lchang@fibrainn.mx
or
In
New York:
i‐advize Corporate Communications, Inc.
Maria
Barona / Melanie Carpenter, 212-406‐3691/92
mbarona@i-advize.com
/ mcarpenter@i-advize.com
Twitter:
@fibrainn
Source: Fibra Inn
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