Fibra Inn Announces Report of Hotel Indicators for September 2016 and Third Quarter 2016

MONTERREY, Mexico–(hospitalitybusinessnews.com)– Fibra Inn, 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 September 2016 and for the third quarter 2016.

MONTHLY SAME-STORE SALES
39 hotels September 2016 September 2015 Change %
Room Revenue (Ps. millions) 135.8 113.4 19.7%
Occupancy exc. addition of rooms 64.2% 55.7% 8.5 pp
Occupancy 63.9% 55.7% 8.2 pp
ADR (Ps.) 1,127.5 1,086.4 3.8%
RevPar exc. addition of rooms 724.3 605.1 19.7%
RevPar (Ps.) 720.5 605.1 19.1%

The 19.7% increase in Revenue per Available Room (RevPar excluding the addition of rooms) was the net effect of the 3.8% rate increase and the 8.5 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, Irapuato and Leon.

Total Sales for September 2016 were:

MONTHLY TOTAL SALES
September 2016 September 2015 Change %
Number of hotels 42 35
Room Revenue (Ps. millions) 146.2 104.3 40.2%
Occupancy 62.4% 56.0% 6.3 pp
ADR (Ps.) 1,150.3 1,103.2 4.3%
RevPar 717.2 618.0 16.1%

As a result of the above, third quarter 2016 operating indicators were the following:

QUARTERLY SAME-STORE SALES
39 hotels 3Q16 3Q15 Change %
Room Revenue (Ps. millions) 421.6 354.6 18.9%
Occupancy exc. addition of rooms 64.9% 58.0% 7 pp
Occupancy 64.6% 58.0% 6.6 pp
ADR (Ps.) 1,129.3 1,064.1 6.1%
RevPar exc. addition of rooms 733.4 616.7 18.9%
RevPar (Ps.) 729.5 616.7 18.3%
QUARTERLY TOTAL SALES
3Q16 3Q15 Change %
Number of hotels 42 35
Room Revenue (Ps. millions) 448.5 315.7 42.1%
Occupancy 62.6% 57.6% 5 pp
ADR (Ps.) 1,146.9 1,087.2 5.5%
RevPar 717.6 626.2 14.6%

The same-store sales calculation considers 39 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 four hotels were excluded. These were three recently built hotels that have no operational history: the Courtyard by Marriott Saltillo, the Fairfield Inn & Suites by Marriott Coatzacoalcos and the Courtyard by Marriott Chihuahua. Additionally, the Best Western Valle Real was excluded, as it is under a binding agreement.

To date, Fibra Inn has a total portfolio of 43 properties; of which 42 hotels are in operation and one is under a binding agreement. This represents a total of 7,112 rooms, 6,806 are in operation, 85 are under a binding agreement and 221 are currently under construction. Additionally, Fibra Inn has a minority interest in one property, currently being externally developed, under the Hotel Factory model, representing 250 rooms.

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