Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13, OTC:DFBRY) , 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 July 2016.
|MONTHLY SAME-STORE SALES|
|39 hotels||July 2016||July 2015||Change %|
|Room Revenue (Ps. millions)||147.2||123.0||19.7%|
|Occupancy exc. addition of rooms||67.1%||60.6%||6.6 pp|
|RevPar exc. addition of rooms||760.0||634.9||19.7%|
The 19.7% increase in Revenue per Available Room (RevPar excluding the addition of rooms) was the net effect of:
|a.||An 8.0% ADR increase resulting from: (i) double-digit growth in the rates of 15 hotels in the Company’s portfolio; this increase was driven by the correct management and implementation of hotel rates, and (ii) the foreign exchange rate benefit related to hotel rates in U.S. dollars, due to global brands.|
|b.||Occupancy levels increased by 6.6 percentage points, mainly in the cities of Chihuahua, Hermosillo and Reynosa, where the manufacturing and industrial sectors’ strength continue to generate demand; as well as the properties located in Guadalajara, Queretaro, Toluca, Irapuato and Silao, where commercial strategies have been reinforced.|
Total Sales for July 2016 were:
|MONTHLY TOTAL SALES|
|July 2016||July 2015||Change %|
|Number of hotels||41||33|
|Room Revenue (Ps. millions)||152.8||106.8||43.1%|
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 two recently-built hotels that have no operational history: the Courtyard by Marriott Saltillo and the Fairfield Inn & Suites by Marriott Coatzacoalcos. Additionally, the Courtyard by Marriott Chihuahua and the Best Western Valle Real were excluded, as they are under a binding agreement.
As of the date of this report, Fibra Inn has a total portfolio of 43 properties: of which 41 hotels are in operation and two additional hotels are under a binding agreement. This represents a total of 7,112 rooms, 6,654 are in operation, 237 are under a binding agreement and 221 are currently under construction.
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