Fibra Inn Announces Monthly Report of Hotel Indicators for September 2015
October 05 2015 - 7:09PM
Business Wire
Deutsche Bank Mexico, S.A., Banking institution, Trust Division
F/1616 or Fibra Inn (BMV:FINN13) (“Fibra Inn” or “the Company”),
the Mexican real estate investment trust specializing in the hotel
industry serving the business traveler with global brands, today
announced its operating results for its hotel indicators as of
September 2015.
MONTHLY SAME-STORE SALES
32 hotels
September 2015
September 2014 Change % Room
Revenue (Ps. millions) 97.1 82.8 17.3% Occupancy exc. addition of
rooms 58.7% 58.0% 0.7 pp Occupancy 56.4% 58.0% -1.7 pp ADR (Ps.)
1,105.9 953.9 15.9% RevPar exc. addition of rooms 649.1 553.4 17.3%
RevPar (Ps.) 623.2 553.4
12.6%
The 17.3% growth in Revenue per Available Room (RevPar excluding
the addition of rooms) was mainly the result of the following
factors:
a. A 0.7 percentage point increase in
occupancy, due to the positive performance of the hotels located in
the northern part of the country, mainly in Chihuahua, Reynosa and
Ciudad Juarez, as well as other properties in the cities of
Guadalajara and Puebla.
b. An ADR increase of 15.9% resulting from
the optimization of Revenue Maximization technological tools for
the implementation of the hotel operating processes. It is
important to mention that 15 of the hotels in the portfolio
experienced double-digit growth during September, with respect to
the average daily rate.
Total Sales for September 2015 were:
MONTHLY TOTAL
SALES
September 2015
September 2014 Change
% Number of hotels 35 23 Room Revenue (Ps. millions) 104.3 66.8
56.2% Occupancy 56.0% 57.4% -1.4 pp ADR (Ps.) 1,103.2 994.4 10.9%
RevPar 618.0 571.3
8.2%
Fibra Inn has a portfolio of 35 hotels in operation, plus two
under development with a total of 6,238 rooms; 531 of these are
currently under construction.
The same-store sales calculation considers 32 comparable
properties, as the criterion is to include those hotels that have
been in the portfolio of Fibra Inn for at least half of the
quarter. In this case, the Staybridge Suites Guadalajara Expo and
Arriva Express Guadalajara Plaza del Sol Expo were not included as
they were added on August 17, which represents 45 days out of the
92 days for the third quarter 2015. Additionally, the Hampton Inn
by Hilton Hermosillo was excluded as is it was recently-built and
thus there is no historical operation.
QUARTERLY RESULTS REPORT
- The 3Q15 report will be distributed on
Thursday, October 15, 2015 after the market close.
- The 3Q15 quarterly conference call will
take place on Friday, October 16, 2015 at 10am Mexico City Time /
11am Eastern Time.
About the Company
Fibra Inn is a Mexican trust formed primarily to acquire,
develop, operate and rent a broad range of hotel properties in
Mexico. Headquartered in Monterrey, Fibra Inn has a portfolio of
high-quality real estate properties aimed at the business traveler
and that are geographically diversified throughout Mexican
territory. The Company has signed Franchise Agreements with IHG to
operate its global brands, including: Holiday Inn, Holiday Inn
Express, Holiday Inn & Suites, Holiday Inn Express &
Suites, Crowne Plaza and Staybridge Suites; with Wyndham Hotel
Group to operate its global brands Wyndham Garden and Microtel Inn
& Suites by Wyndham. Additionally, it has licensing agreements
and brand usage agreements with Hilton to operate its brand Hampton
Inn by Hilton and with Starwood Hotels & Resorts Worldwide to
operate the Aloft brand. The Company has properties that operate
with domestic brands like Camino Real, Casa Grande and Arriva
Express. Additionally, Fibra Inn has agreements with IHG, Marriott
International, Wyndham Hotel Group and Hoteles City Express for
development of properties. These hotels enjoy some of the
industry’s top loyalty programs. Fibra Inn recently listed its Real
Estate Certificates (Certificados Bursátiles Fiduciarios
Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange and trades
under the ticker symbol “FINN13”.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151005006757/en/
In Monterrey, Mexico:Fibra InnLizette Chang, IRO, 52 1
(81)1778-5926lchang@fibrainn.mxorIn New York:i‐advize
Corporate Communications, Inc.Maria Barona / Melanie Carpenter,
212-406‐3691/92mbarona@i-advize.com /
mcarpenter@i-advize.comTwitter: @fibrainn