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1 FibraHotel ( FibraHotel ), the first real estate investment trust specialized in hotels in Mexico, announces its financial results and distribution corresponding to the third quarter of Mexico City, October 22 nd, FibraHotel (BMV: FIHO 12), the first real estate investment trust specialized in hotels in Mexico, announces its results and distribution corresponding to the third quarter of Except where noted, all figures included herein were prepared in accordance with IFRS and are stated in nominal Mexican pesos. 3 rd Quarter 2018 Highlights FibraHotel ended the third quarter of 2018 with 86 hotels and 12,555 rooms, including 84 hotels in operation (12,147 rooms) and 2 hotels under development (408 rooms). On a comparable property basis of 74 hotels 1, the average daily rate ( ADR ) was Ps. $1,129, representing an increase of 6.4% versus the third quarter of 2017, occupancy was 66.3%, representing a decrease of 149 bps versus the third quarter of 2017 and the revenue per available room ( RevPAR ) was Ps. $748, representing an increase of 4.1% versus the third quarter of The Fiesta Americana Condesa Cancun hotel had a Net Package ADR 2 of Ps. $4,342, occupancy was 72.2%, and Net Package RevPAR was Ps. $3,135. FibraHotel received lease revenue from the property of Ps. $38.9 million during the quarter. For the Total FibraHotel Portfolio of 83 properties in operation (excluding Fiesta Americana Condesa Cancun), ADR was Ps. $1,148, occupancy was 65.0%, and RevPAR was Ps. $746 representing a 6.3% increase against the second quarter of 2017 (Ps. $731), when FibraHotel s Portfolio consisted of 79 properties. For FibraHotel s Non-Stabilized Portfolio of 9 hotels 3, ADR was Ps. $1,358, occupancy was 53.5%, and RevPAR was Ps. $726. Total revenues for the quarter were Ps. $981 million. Lodging contribution 4 for the quarter was Ps. $320 million with a 32.6% margin. Adjusted funds from operations ( AFFO ) 5 for the quarter were Ps. $167 million. 1 Includes 64 stabilized properties as of the December 31 st, 2017 plus the following eight hotels which had more than one full fiscal year in operation: Fiesta Inn Los Mochis, One Cuautitlan, One Durango, Fairfield Inn & Suites Juriquilla, Fairfield Inn & Suites Nogales, Fiesta Americana Pabellon M, Grand Fiesta Americana Monterrey Valle, Live Aqua Monterrey Valle, AC by Marriott Queretaro, AC by Marriott Guadalajara, Fiesta Inn Lofts Monterrey la Fe. The portfolio excludes the Fiesta Americana Condesa Cancún hotel for being all-inclusive and the Fiesta Inn Ciudad del Carmen hotel which was rebranded and will be considered as not stabilized hotel for The net package indicators represent the metrics of the hotels taking into account room revenue as well as food & beverages packages. This metric does not include additional non-package revenue from the hotel such as up-sells. 3 Fiesta Americana Satélite hotel, which opened on September 24 th, 2018, is now part of the Non-Stabilized Portfolio. 4 Lodging contribution equals total revenues (room rental, food and beverage, leasing and other) minus costs and general expenses directly related to the hotel operation, excluding real estate expenses and FibraHotel s administration expenses. Lodging contribution is not an IFRS figure. 5 Adjusted funds from operation is defined as net income plus depreciation plus non-operating adjustments less maintenance capex reserve of the period. AFFO is not an IFRS figure.

2 FibraHotel will pay a distribution of Ps. $167 million, equivalent to cents per CBFI (Ps. $ per CBFI) 6. As of September 30 th, 2018, FibraHotel had a cash position of Ps. $855 million (Ps. $866 million including the reimbursement of VAT), and a debt position of Ps. $3,435 million. FibraHotel s net debt position as of September 30 th, 2018 was Ps. $2,580 million. As of September 30 th, 2018, total owner s equity was Ps. $13,006 million. During the third quarter of 2018 FibraHotel s operating results underperformed our expectations. RevPAR for the stabilized portfolio increased 4.1% y-o-y from a low comparable basis, as we have seen lower overall hotel demand across sectors and segments since May of this year. On the beach side, Cancun has been impacted by several factors including seaweed (sargassum), news regarding security, and additional competition from new hotels in the destination as well as from hotels in the non-mexican Caribbean region (a large portion of that inventory had been out of service due to last year s hurricane season). This situation made hotels take a more aggressive approach with rates during the quarter in order to maintain occupancy levels. On the business hotel side, we have seen weaker demand as companies have not reactivated their travel plans or projects due to a perception of uncertainty. Certain regions continue to be hard hit from recent highs, such as the central part of Mexico including Puebla and the Bajio region. These results were further impacted on the margin level as we saw significant increases in energetics and negative operating leverage coupled with a lower contribution from Cancun s rental income. During the quarter, we made solid progress with our development portfolio as we opened the 223- room Fiesta Americana Satelite hotel, and started pre-operating the Live Aqua San Miguel de Allende hotel which is expected to open in the next few weeks. With these openings will only have one hotel under development to complete the development cycle. We continue to have a solid balance sheet position with a 20% LTV and will continue acquiring CBFIs through the repurchase program at attractive prices. The distribution for the quarter will be cents per CBFI. We are focused on reversing this quarter s negative operating trend and continue executing our business plan. said Simón Galante, CEO FibraHotel. 6 Calculated based on the number of outstanding CBFIs as of October 22 nd, 2018 excluding CBFIs without economic rights (21 143,520 CBFIs acquired by CBFI repurchase program to date).

3 Additional portfolio information As part of our open architecture and asset management strategy, the Real Inn Guadalajara hotel changed its brand to Gamma Guadalajara on July 1 st, 2018, and is operated by Grupo Posadas. On September 24 th, 2018, FibraHotel opened the Fiesta Americana Satélite hotel with 223 full service rooms operated by Grupo Posadas. CBFI Repurchase Program On November 14 th, 2017, FibraHotel s CBFI Holders Assembly authorized the creation of a CBFI Repurchase Program for the purchase of up to 5% of the outstanding CBFIs in As of this report, FibraHotel has repurchased ,520 CBFIs at an average price of Ps. $ As of September 30 th, 2018, FibraHotel had repurchased ,223 CBFIs. These CBFIs are held in treasury and do not have economic (distribution) or corporate rights (vote) from the moment they were purchased and until further notice.

4 Credit Lines On September 26 th, 2018, FibraHotel disbursed USD $13.0 million from a credit line with BBVA, its first disbursement in dollars, with an interest rate of LIBOR 91d bps. The disbursement allows FibraHotel to improve its financial cost and debt profile, as it better matches the currency of a part of our profits with its financing source. We expect to continue evaluating alternatives that improve our financial cost and structure. Development Portfolio: As of September 30 th, 2018 FibraHotel had 2 hotels in different stages of development. These hotels represent 408 rooms with an estimated investment of Ps. $1,380 million of which FibraHotel had invested Ps. $794 million as of September 30 th, of Additionally FibraHotel has invested Ps. $278 million in land reserves and other projects (including the Fiesta Americana Veracruz). As of September 30 th, 2018, FibraHotel had invested a total of Ps. $1,072 million in developments. Expected Number of Investment by FibraHotel (Ps. $ millions) Hotel State opening date rooms under Invested as of Total* construction September Remaining 1 Live Aqua San Miguel de Allende Guanajuato Q Fiesta Americana Viaducto (VIA 515) CDMX Q Other projects (incl. Veracruz) Varios 278 Total 408 1,380 1, Live Aqua San Miguel de Allende: The 153-room luxury Live Aqua San Miguel hotel is located in the Historic Center of San Miguel de Allende and will be operated by Grupo Posadas. The hotel is currently in process of finishings. The hotel is pre-operating and is expected to open in the next couple of weeks. - Fiesta Americana Viaducto Via 515: The 255-room full-service Fiesta Americana hotel will be located inside the Via 515 mixed-use project in Mexico City. The project is in structure phase and the hotel s opening is expected by the end of

5 Illustrative portfolio of full service hotels As part of its investment process FibraHotel added a significant number of newly developed rooms to its portfolio over the past couple of years. FibraHotel selected a sample of its five largest development hotels opened during 2016 to illustratively show their operating trends. This illustrative portfolio includes only a portion FibraHotel s total portfolio and represent an investment of over Ps. $1,500 million. Illustrative portfolio of full-service hotels in process of stabilization Hotel Opening date Rooms Operator AC by Marriott Antea Querétaro Marzo Marriott Fiesta Americana Pabellón M Abril Posadas AC by Marriott Guadalajara Junio Marriott Grand Fiesta Americana Monterrey Valle Junio Posadas Live Aqua Monterrey Valle Junio Posadas Sub-total Portfolio 793 Portfolio s Results: During the third quarter of 2018 the illustrative portfolio of full service hotels had an occupancy rate of 67.5%, an ADR of Ps. $1,985, a RevPAR of Ps. $1,340 (+26.2% versus the third quarter of 2017), and a lodging contribution of Ps. $35.6 million. In the chart you can see the quarterly occupancy and lodging contribution over time, which show: (i) the KPI s continue their positive trend in line with expectations, (ii) the lodging contribution continues with a good trend and currently represents 13.8% of FibraHotel s quarterly lodging contribution with a margin of 29.6%.

6 FibraHotel s Portfolio as of September 30 th, 2018 Hotels in operation % of operating Hotel State Rooms Operator Brand Segment rooms Selected-Service Hotels - Managed 1 Fiesta Inn Aguascalientes Aguascalientes 125 Grupo Posadas Fiesta Inn Selected-Service 1.0% 2 Fiesta Inn Buenavista Mexico City 129 Grupo Posadas Fiesta Inn Selected-Service 1.1% 3 Fiesta Inn Ciudad del Carmen Lag de Terminos Campeche 133 Grupo Posadas Fiesta Inn Selected-Service 1.1% 4 Fiesta Inn Ciudad Juárez Chihuahua 166 Grupo Posadas Fiesta Inn Selected-Service 1.4% 5 Fiesta Inn Ciudad Obregón Sonora 141 Grupo Posadas Fiesta Inn Selected-Service 1.3% 6 Fiesta Inn Chihuahua Chihuahua 152 Grupo Posadas Fiesta Inn Selected-Service 1.3% 7 Fiesta Inn Cuernavaca Morelos 155 Grupo Posadas Fiesta Inn Selected-Service 1.2% 8 Fiesta Inn Culiacán Sinaloa 146 Grupo Posadas Fiesta Inn Selected-Service 1.1% 9 Fiesta Inn Durango Durango 138 Grupo Posadas Fiesta Inn Selected-Service 1.2% 10 Fiesta Inn Ecatepec State of Mexico 143 Grupo Posadas Fiesta Inn Selected-Service 1.3% 11 Fiesta Inn Guadalajara Expo Jalisco 158 Grupo Posadas Fiesta Inn Selected-Service 1.3% 12 Fiesta Inn Hermosillo Sonora 155 Grupo Posadas Fiesta Inn Selected-Service 1.3% 13 Fiesta Inn León Guanajuato 160 Grupo Posadas Fiesta Inn Selected-Service 1.2% 14 Fiesta Inn Mexicali BCN 150 Grupo Posadas Fiesta Inn Selected-Service 1.0% 15 Fiesta Inn Morelia Michoacan 155 Grupo Posadas Fiesta Inn Selected-Service 1.3% 16 Fiesta Inn Los Mochis Sinaloa 125 Grupo Posadas Fiesta Inn Selected-Service 1.0% 17 Fiesta Inn Monclova Coahuila 121 Grupo Posadas Fiesta Inn Selected-Service 1.3% 18 Fiesta Inn Monterrey La Fe Nuevo Leon 161 Grupo Posadas Fiesta Inn Selected-Service 1.5% 19 Fiesta Inn Monterrey Valle Nuevo Leon 177 Grupo Posadas Fiesta Inn Selected-Service 1.0% 20 Fiesta Inn Naucalpan State of Mexico 119 Grupo Posadas Fiesta Inn Selected-Service 1.0% 21 Fiesta Inn Nuevo Laredo Tamaulipas 120 Grupo Posadas Fiesta Inn Selected-Service 1.2% 22 Fiesta Inn Oaxaca Oaxaca 145 Grupo Posadas Fiesta Inn Selected-Service 1.0% 23 Fiesta Inn Perinorte (1) State of Mexico 127 Grupo Posadas Fiesta Inn Selected-Service 1.0% 24 Fiesta Inn Puebla FINSA Puebla 123 Grupo Posadas Fiesta Inn Selected-Service 1.4% 25 Fiesta Inn Querétaro Querétaro 175 Grupo Posadas Fiesta Inn Selected-Service 1.2% 26 Fiesta Inn Saltillo Coahuila 149 Grupo Posadas Fiesta Inn Selected-Service 1.2% 27 Fiesta Inn San Luis Potosí Oriente San Luis Potosí 140 Grupo Posadas Fiesta Inn Selected-Service 1.1% 28 Fiesta Inn Tepic Nayarit 139 Grupo Posadas Fiesta Inn Selected-Service 1.1% 29 Fiesta Inn Tlalnepantla State of Mexico 131 Grupo Posadas Fiesta Inn Selected-Service 1.2% 30 Fiesta Inn Torreón Galerías Coahuila 146 Grupo Posadas Fiesta Inn Selected-Service 1.2% 31 Fiesta Inn Toluca Tollocan State of Mexico 144 Grupo Posadas Fiesta Inn Selected-Service 1.2% 32 Fiesta Inn Puerto Vallarta Jalisco 144 Grupo Posadas Fiesta Inn Selected-Service 1.3% 33 Fiesta Inn Villahermosa Tabasco 159 Grupo Posadas Fiesta Inn Selected-Service 1.0% 34 Fiesta Inn Xalapa Veracruz 119 Grupo Posadas Fiesta Inn Selected-Service 1.3% 35 Real Inn Mexicali (1) BCN 158 Grupo Real Turismo Real Inn Selected-Service 1.1% 36 Gamma Ciudad Obregón Sonora 135 Grupo Posadas Gamma Selected-Service 1.3% 37 Gamma Guadalajara Centro (1)(3) Jalisco 197 Grupo Posadas Gamma Selected-Service 1.3% 38 Gamma León Guanajuato 159 Grupo Posadas Gamma Selected-Service 1.2% 39 Gamma Tijuana (1) BCN 140 Grupo Posadas Gamma Selected-Service 1.0% 40 Courtyard Toreo State of Mexico 146 Marriott Int'l Courtyard Selected-Service 1.2% 41 Courtyard Vallejo Mexico City 125 Marriott Int'l Courtyard Selected-Service 1.0% Sub Total 5,930 (1) Includes retail component (2) Hotel in renovation process during the quarter In blue: non stabilized hotels (3) Since July 1st, 2018 Real Inn Guadalajara changed brand into Gamma Guadalajara Centro and is now operated by Grupo Posadas

7 FibraHotel s Portfolio as of September 30 th, 2018 Hotels in operation (cont d) Hotel State Rooms Operator Brand Segment rooms Limited-Service Hotels - Managed 42 One Acapulco Costera (1) Guerrero 126 Grupo Posadas One Limited-Service 1.0% 43 One Aguascalientes Sur (1) Aguascalientes 126 Grupo Posadas One Limited-Service 1.0% 44 One Coatzacoalcos Forum Veracruz 126 Grupo Posadas One Limited-Service 1.0% 45 One Cuautitlan (1) State of Mexico 156 Grupo Posadas One Limited-Service 1.3% 46 One Cuernavaca Morelos 125 Grupo Posadas One Limited-Service 1.0% 47 One Culiacán Forum Sinaloa 119 Grupo Posadas One Limited-Service 1.0% 48 One Durango Durango 126 Grupo Posadas One Limited-Service 1.0% 49 One Guadalajara Tapatío Jalisco 126 Grupo Posadas One Limited-Service 1.0% 50 One Monclova Coahuila 66 Grupo Posadas One Limited-Service 0.5% 51 One Monterrey Aeropuerto (1) Nuevo León 126 Grupo Posadas One Limited-Service 1.0% 52 One Puebla FINSA Puebla 126 Grupo Posadas One Limited-Service 1.0% 53 One Querétaro Plaza Galerías Querétaro 126 Grupo Posadas One Limited-Service 1.0% 54 One Toluca Aeropuerto State of Mexico 126 Grupo Posadas One Limited-Service 1.0% 55 One Ciudad de México Patriotismo Mexico City 132 Grupo Posadas One Limited-Service 1.1% 56 One Perisur Mexico City 144 Grupo Posadas One Limited-Service 1.2% 57 One Xalapa Veracruz 126 Grupo Posadas One Limited-Service 1.0% 58 Fairfield Inn & Suites Juriquilla Querétaro 134 Marriott Int'l Fairfield Inn Limited-Service 1.1% 59 Fairfield Inn Los Cabos BCS 128 Marriott Int'l Fairfield Inn Limited-Service 1.1% 60 Fairfield Inn & Suites Nogales Sonora 134 Marriott Int'l Fairfield Inn Limited-Service 1.1% 61 Fairfield Inn & Suites Saltillo Coahuila 139 Marriott Int'l Fairfield Inn Limited-Service 1.1% 62 Fairfield Inn & Suites Vallejo Mexico City 121 Marriott Int'l Fairfield Inn Limited-Service 1.0% 63 Fairfield Inn & Suites Villahermosa Tabasco 134 Marriott Int'l Fairfield Inn Limited-Service 1.1% Sub Total 2,792 Full-Service Hotels - Managed 64 Fiesta Americana Aguascalientes (1) Aguascalientes 192 Grupo Posadas Fiesta Americana Full-Service 1.6% 65 Fiesta Americana Hermosillo Sonora 220 Grupo Posadas Fiesta Americana Full-Service 1.8% 66 Fiesta Americana Hacienda Galindo (2) Querétaro 168 Grupo Posadas Fiesta Americana Full-Service 1.4% 67 Fiesta Americana Pabellón M Nuevo León 178 Grupo Posadas Fiesta Americana Full-Service 1.5% 68 Fiesta Americana México Satélite Estado de México 223 Grupo Posadas Fiesta Americana Full-Service 1.8% 69 Grand Fiesta Americana Monterrey Valle Nuevo León 180 Grupo Posadas Grand Fiesta American Full-Service 1.5% 70 Live Aqua Monterrey Valle Nuevo León 72 Grupo Posadas Live Aqua Full-Service 0.6% 71 Camino Real Puebla Puebla 153 Grupo Real Turismo Camino Real Full-Service 1.3% 72 Sheraton Ambassador Monterrey Nuevo León 229 Marriott Int'l Sheraton Full-Service 1.9% 73 AC by Marriott Querétaro Querétaro 175 Marriott Int'l AC by Marriott Full-Service 1.4% 74 AC by Marriott Guadalajara Jalisco 188 Marriott Int'l AC by Marriott Full-Service 1.5% 75 AC by Marriott Veracruz Veracruz 164 Marriott Int'l AC by Marriott Full-Service 1.4% Sub Total 2,142 Full-Service / Extended-Stay Hotels - Managed 76 Camino Real Hotel & Suites Puebla Puebla 121 Grupo Real Turismo CR Hotel & Suites Extended-Stay 1.0% 77 Fiesta Inn Lofts Ciudad del Carmen Campeche 120 Grupo Posadas Fiesta Inn Lofts Extended-Stay 1.0% 78 Fiesta Inn Lofts Monclova Coahuila 37 Grupo Posadas Fiesta Inn Lofts Extended-Stay 0.3% 79 Fiesta Inn Lofts Monterrey la Fe Nuevo Leon 48 Grupo Posadas Fiesta Inn Lofts Extended-Stay 0.4% 80 Fiesta Inn Lofts Querétaro Querétaro 50 Grupo Posadas Fiesta Inn Lofts Extended-Stay 0.4% Sub Total 376 Leased Hotels 81 Fiesta Inn Cuautitlan State of Mexico 128 Grupo Posadas Fiesta Inn Selected-Service 1.1% 82 Fiesta Inn Perisur Mexico City 212 Grupo Posadas Fiesta Inn Selected-Service 1.7% 83 Live Aqua Playa del Carmen Quintana Roo 60 Grupo Posadas Live Aqua Boutique Full-Service 0.5% 84 Fiesta Americana Condesa Cancún (2) Quintana Roo 507 Grupo Posadas Fiesta Americana Resort 4.2% Sub Total 907 Total Operating Hotels as of September 30, ,147 (1) Includes retail component (2) Hotel in renovation process during the quarter In blue: non stabilized hotels

8 Selected quarterly information The following table shows certain financial indicators for the last four quarters 7 : (In thousand pesos except per CBFI data) 4Q Q Q Q Q 2018 LTM Total revenues 935,433 1,008,577 1,042, ,061 3,967,388 Revenues - Managed hotels 912, , , ,253 3,664,034 % of total revenues 97.5% 87.2% 91.5% 93.7% 92.4% Lodging contribution 296, , , ,830 1,378,353 Margin 31.7% 38.0% 36.4% 32.6% 34.7% Lodging contribution - Managed hotels 273, , , ,022 1,074,899 Margin 29.9% 28.8% 30.4% 28.1% 29.3% Net Operating Income 286, , , ,374 1,322,662 Margin 30.6% 36.5% 34.9% 31.0% 33.3% Adjusted EBITDA 247, , , ,372 1,122,720 Margin 26.4% 31.1% 29.8% 25.6% 28.3% Consolidated net (loss) income 178, , ,830 88, ,233 Margin 19.1% 17.4% 16.9% 9.0% 15.6% Funds From Operation 273, , , ,996 1,025,435 FFO / CBFI with economic rights Adjusted Funds From Operation 233, , , , ,594 AFFO / CBFI with economic rights Distribution 233, , , , ,216 Distribution / CBFI with economic rights Financial Debt 3,165,906 3,141,437 3,116,734 3,435,194 3,435,194 Net Debt (1,562,075) 2,018,161 2,159,462 2,580,395 2,580,395 Net Debt / LTM Adjusted EBITDA (1.7x) 2.0 x 2.0 x 2.3 x 2.3 x Loan to Value 18.4% 18.4% 18.4% 20.1% 20.1% 7 Lodging Contribution, NOI, Adjusted EBITDA, FFO and AFFO are not IFRS figures.

9 Results for the third quarter of 2018 FibraHotel started the third quarter with 83 hotels in operation and finished it with 84 hotels, due to the opening of the Fiesta Americana Satélite Hotel, on September 24 th, of Total Revenues During the period, FibraHotel s total revenues were Ps. $981 million: Ps. $748 million of room rentals (76.2% of total revenues). Ps. $166 million of food and beverage (16.9% of total revenues). Ps. $61.8 million of leases comprised of: (i) four leased hotels 8, of which Fiesta Americana Condesa Cancun represented Ps. $38.2 million of lease revenue and (ii) retail and other leases in hotel properties (combined, 6.3% of total revenues). Ps. $5.5 million (0.6% of total revenues) corresponded to other revenues. Compared with the third quarter of 2017, total revenues increased by 11.7%. Costs and General Expenses During this period, FibraHotel s costs and general expenses were Ps. $661 million: Ps. $402 million of administrative costs and expenses including the payment of the operators fees (60.8% of costs and general expenses). Ps. $155 million of room expenses (23.4% of costs and general expenses). Ps. $104 million of food and beverage expenses (15.8% of costs and general expenses). Lodging Contribution Lodging contribution was Ps. $320 million, representing 32.6% of total revenues and is split between stabilized hotels, hotels in ramp-up period and Fiesta Americana Condesa Cancún hotel as follows: Ps. $ thousand Stabilized Ramp-up FACC Development Total Hotel properties, furniture and equip. 11,034,128 2,082,074 3,018,519 1,072,102 17,206,823 % of total 64.1% 12.1% 17.5% 6.2% 100.0% Total Revenues 838, ,103 38, ,061 % of managed hotels total revenues 85.4% 10.6% 4.0% n.a. 96.0% Total Contribution 253,244 27,664 38, ,830 Margin 30.2% 26.6% 100.0% n.a. 32.6% The Hotel properties, furniture and equip. item corresponds to non-depreciated asset value of the entire portfolio of FibraHotel hotels, as they appear in the balance sheet as of September 30 th, Leased hotels for the quarter are Fiesta Inn Cuautitlán, Fiesta Inn Perisur, Fiesta Americana Condesa Cancún and Live Aqua Boutique Playa del Carmen.

10 The lodging contribution margin in the third quarter of 2018 of the 71 stabilized managed hotels was 28.3%, and 26.6% for the 9 hotels in ramp-up period. Ps. $258 million of lodging contribution corresponded to managed hotels (28.1% margin versus 29.1% for 3Q 17), and Ps. $61.8 million corresponded to leases and other revenues (100% margin). Fiesta Americana Condesa Cancún Hotel, under a lease agreement, contributed Ps. $38.2 million of revenue. Compared with the third quarter of 2017, the lodging contribution increased by 18.5% and the lodging contribution margin increased from 30.7% to 32.6%. This 190 bps increase is mainly due to the additional lease revenue obtained from the Fiesta Americana Condesa Cancun hotel. The following table and graph present the evolution of non-stabilized managed hotel revenues and their lodging contribution during the last five quarters: Ps. $ thousand 4Q Q Q Q LTM Total of managed hotels Non stabilized managed hotels revenues 63,225 89, , , ,870 % of total managed hotels revenues 6.9% 8.9% 10.0% 10.0% 8.9% Non stabilized managed hotels contribution 14,290 23,464 31,125 27,664 96,543 Margin 22.6% 26.1% 30.0% 26.6% 26.8% % of total managed hotels contribution 5.2% 6.1% 8.2% 7.3% 8.0% Non stabilized hotels: revenues / contribution trend 30.0% 25.9% 26.1% 22.6% 26.6% $103.8 $104.1 $89.7 $62.9 $63.2 $16.3 $14.3 $23.5 $31.1 $27.7 3Q Q Q Q Q 2018 Revenues Contribution Margin The 9 hotels that make up the Non Stabilized or ramp-up Portfolio of 2018 are: Fiesta Inn Buenavista, Fiesta Inn Ciudad del Carmen, Fiesta Inn Puerto Vallarta, Fairfield Inn & Suites Vallejo, Courtyard by Marriott Toreo, Courtyard by Marriott Vallejo, Fiesta Americana Hacienda Galindo, Fiesta Americana México Satélite and AC by Marriott Veracruz.

11 Operating Profit Other operating expenses of Ps. $175 million consisted of: (i) depreciation of Ps. $107 million; (ii) advisory fee of Ps. $37.6 million; (iii) administrative expenses of Ps. $15.4 million; and (iv) real estate expenses of Ps. $15.5 million. The adjusted operating profit was Ps. $145 million, or 14.7% of total revenues. Compared with the third quarter of 2017, the operating profit increased by 16.5%. Adjusted Operating Profit During the third quarter of 2018, FibraHotel had Ps. $18.7 million of non-operating expenses, which corresponded mainly to pre-opening expenses of Fiesta Americana Satélite and Live Aqua San Miguel de Allende hotels of Ps. $16.5 million and professional fees of Ps. $2.2 million as well as other hotel development expenses. The adjusted operating profit was Ps. $126 million. Compared with the third quarter of 2017, the adjusted operating profit increased by 5.2%. Comprehensive Financial Cost FibraHotel ended the quarter with a net debt position of Ps. $2,580 and a total debt of Ps. $3,435 million. During the quarter, the total debt position generated a financing cost of Ps. $78.6 million. In accordance with the IFRS, financing costs related to development projects are capitalized as part of the investment in each project. During the third quarter of 2018, approximately 36.0% of the financing costs were linked with development projects, therefore Ps. $31.3 million of interest expense was capitalized (the actual interest payments were made with the cash available for development). Once each development is open, its interest expense will stop being capitalized and the expense will be part of the profit and loss statement, in accordance with the IFRS. During the third quarter the comprehensive financial result was (Ps. $38.7 million) and it breaks down as follow: Compehensive Financial Cost Interest Income 16,632 Interest expenses (47,800) Bank fees (4,341) Exchange Profit/Loss (3,211) (38,720)

12 Consolidated Net Income During the third quarter of 2018, the consolidated net income was Ps. $88.1 million. Adjusted funds from operation ( AFFO ) 9 During the first quarter of 2018, FibraHotel generated adjusted funds from operation of Ps. $167 million, including a reserve for capital expenditures for hotels in operations of Ps. $49.7 million: Ps. $ thousand 3Q Q 2018 Variation Consolidated net (loss) income 89,619 88, % (+) Depreciation 93, ,852 Funds From Operation 183, , % (-) Maintenance CAPEX (43,107) (49,704) (+) Non operating result adjustments 2,083 22,007 Adjusted Funds From Operation 142, , % Note: Non-operating adjustments refer mainly to one-time expenses related to hotel acquisitions and developments including transaction taxes, appraisals, and technical audits among others. Cash flow and liquidity position During the third quarter of 2018: The net operating cash flow excluding investment activities was Ps. $282 million. Taking into account the cash flow related to investment activities, such as non-operating expenses, payment and reimbursement of VAT related to acquisitions/developments, among others, the net cash flow from operations was Ps. $267 million. The net cash flow from investment activities was a negative (Ps. $330 million), mainly due to: (i) investments in properties under development of (Ps. $244 million), (ii) capital expenditures during the quarter including the remodeling of the Fiesta Americana Condesa Cancun hotel of (Ps. $103 million), and (iii) interest generated from our cash position of Ps. $16.6 million. Payments related to development portfolio break down as follows: o Live Aqua San Miguel de Allende of Ps. $128 million. o Fiesta Americana Satélite of Ps. $69.2 million. o Fiesta Americana Via 515 of Ps. $40.0 million. o Other projects of Ps. $6.9 million. The net cash flow from financing activities was (Ps. $39.1 million), mostly related to: o The disbursement of the second BBVA credit line balance of Ps. $243 million, disbursed in US dollars (USD $13.0 million). o The disbursement of Ps. $100 million from the Sabadell revolving credit line. 9 FFO and AFFO are not IFRS figures.

13 o o o o o o The payment of the distribution of the second quarter of 2018 (Ps. $235 million). Repurchases of CBFIs by the repurchase fund of (Ps. $39.5 million) Interest payments of (Ps. $51.3 million) Debt capital payment of (Ps. $24.9 million) Capitalized interest payments of (Ps. $27.5 million) Other of (Ps. $4.3 million) Financial position FibraHotel ended the third quarter of 2018 with: A cash position including recoverable VAT of Ps. $876 million (VAT recoverable totaled Ps. $21.3 million). Excluding recoverable VAT, FibraHotel had a cash position of Ps. $855 million compared to Ps. $957 million as of June 30 th, Ps. $3,435 million in debt. As of June 30 th, 2017 FibraHotel had Ps. $3,117 million in debt. Net debt position including recoverable VAT was Ps. $2,559 million. The net debt position including recoverable VAT as of June 30 th, 2018 was Ps. $2,134 million. Approximately Ps. $1,110 million of available credit lines. The following table presents a detailed status of FibraHotel s cash position: Ps. $ thousand 3Q 2018 Comment Cash, cash equivalents and restricted cash 854,799 Available cash and cash equiv. - Operation 209,294 Hotels' working capital Restricted cash and cash equiv. - Operation 129,706 Available for maintenance CapEx Available cash and cash equiv. - Investment 514,164 Cash available for investment Cash position without restricted cash 723,458 The following table presents a detailed status of FibraHotel s debt position: $ millions 3Q 2018 Currency Interest rate Maturity BBVA Bancomer MXN TIIE 28d + 150bps oct-27 BBVA Bancomer MXN TIIE 28d + 150bps oct-27 BBVA Bancomer MXN TIIE 28d + 150bps oct-27 BBVA Bancomer MXN TIIE 28d + 150bps nov-27 BBVA Bancomer MXN TIIE 28d + 150bps nov-27 Banorte MXN TIIE 91d + 200bps oct-24 Banorte 2 1,000.0 MXN TIIE 91d + 200bps* jul-26 BBVA Bancomer MXN TIIE 28d + 160bps jun-20 BBVA Bancomer USD LIBOR 91d + 180bps jun-20 Sabadell (Revolving) MXN TIIE 28d + 150bps jun-19 Total debt position 3,435.2 * The spread will increase to 250bps in July 2020 ** Equivalent in pesos to USD $13.0 million with an exchange rate of Ps. $

14 The following table presents a detailed amortization schedule of FibraHotel s debt position (in Ps. $ millions): Year Payment % % % % % 2022 and after 2, % Total 3, % As of September 30 th, 2018 FibraHotel had several derivative instruments in place to cover variations in the TIIE and LIBOR rates. The costs of these instruments were paid up-front and currently cover 100% of FibraHotel s debt. These instruments have an average remaining maturity of four years and the following characteristics: $ millions Interest Rate Currency Provision Type Floor Strike Limit BBVA Bancomer 1 TIIE 28d MXN Cap Spread 5.0% 9.0% BBVA Bancomer 1 TIIE 28d MXN Cap Spread 5.0% 7.0% Banorte 1 TIIE 91d MXN Collar 4.5% 6.0% BBVA Bancomer 2 TIIE 28d MXN Cap 8.0% Banorte 2 TIIE 91d MXN 1,230.4 Collar 7.3% 10.0% BBVA Bancomer 2 LIBOR 91d USD 13.0 Cap 4.0% On September 26 th, 2018, FibraHotel disbursed USD $13.0 million from a credit line with BBVA, its first disbursement in dollars, with an interest rate of LIBOR 91d bps. The disbursement allows FibraHotel to improve its financial cost and debt profile, as it better matches the currency of a part of our profits with its financing source. We expect to continue evaluating alternatives that improve our financial cost and structure. Regulation applicable to FIBRAs Leverage level FibraHotel ended the third quarter of 2018 with Ps. $3,435 million indebtedness and total asset value of Ps. $17,051 million, resulting in a 20.1% leverage level (LTV). Please note that FibraHotel s trust agreement establishes a maximum leverage of 40%, while the regulation for FIBRAs in general establishes a maximum leverage of 50%. Debt service coverage ratio As of September 30 th, 2018, the debt service coverage ratio for FibraHotel is 1.78x. The Debt service coverage ratio must be higher than 1.0x.

15 For FibraHotel, the estimated obligations correspond to: (i) debt service (principal and interests); (ii) capital expenditures (maintenance CapEx in hotels); y (iii) non-discretionary capital expenditures (developments), and available resources correspond to: (i) cash and cash equivalents (excluding restricted cash); (ii) VAT receivable; (iii) Operating result after distribution payment (including depreciation and interest income); and (iv) available credit facilities. Metrics used are as follows: Obligations: o Debt service: Ps. $674 million. o Estimated capital expenditures (maintenance): Ps. $357 million. o Estimated non-discretionary capital expenditures: Ps. $586 million. Available resources: o Cash and cash equivalents (excluding restricted cash): Ps. $723 million. o VAT recoverable: Ps. $21.3 million. o Estimated operating result after distribution payment (including depreciation and interest s income): Ps. $1,023 million. o Available credit lines: Ps. $1,110 million. Capital Expenditures ( CapEx ) As of September 30 th, 2018, the available maintenance capital expenditures reserve was Ps. $130 million compared with Ps. $151 million as of June 30 th, The capital expenditure reserve is generated to maintain the standards of our hotels in operation and is constituted on a monthly basis based on percentage of total revenues. During the third quarter of 2018, the most relevant capital expenditures of FibraHotel were: Maintenance capex of Ps. $59.1 million. Repositioning expenses in the following hotels: o Fiesta Americana Condesa Cancún: Repositioning of public areas. This repositioning has a budget of Ps. $120 million, of which FibraHotel has to cover Ps. $60.0 million, which as of September 30 th, 2018, Ps. $32.6 million have been invested (Ps. $28.3 million during the third quarter of 2018). o Fiesta Americana Hacienda Galindo: Repositioning of (i) rooms and (ii) public areas. This repositioning has a budget of Ps. $153 million, which as of September 30 th, 2018, Ps. $153 million have been invested (PS. $10.5 million during the third quarter of 2018).

16 Information about the CFBIs issued and with economic rights: As of this report, FibraHotel has ,768 CBFIs with economic rights ( ,288 outstanding CBFIs 10 minus ,520 CBFIs acquired via the Repurchase Program which do not have economic rights). As of September 30 th, 2018 FibraHotel had ,065 CBFIs with economic rights ( ,288 outstanding CBFIs minus ,223 CBFIs acquired via the Repurchase Program which do not have economic rights). Distribution corresponding to the third quarter of FibraHotel looks to generate value for its certificate holders, and therefore on October 18 th, 2018, FibraHotel s Technical Committee approved a distribution of Ps. $167 million, equivalent to cents (Ps. $0.2074) per CBFI, calculated based on the outstanding CBFIs excluding the CBFIs which currently do not have economic rights. This distribution is based on the results and operations of FibraHotel between July 1 st and September 30 th, The distribution will be paid on November 5 th, The distribution payment is comprised as follows 12 : Amount Concept per CBFI Total Under Mexican law, FibraHotel is required to pay at least 95% of its annual taxable income to holders of CBFIs at least once a year. Ps. $ Ps. $ million Taxable Income Capital Return Total Corporate Governance On October 18 th, 2018, there was an Audit Committee and a Technical Committee meeting for the approval of the 2018 third quarter financial results and distribution, which were approved unanimously. As of today, FibraHotel s Technical Committee is comprised by 11 members, four of whom are independent. 10 As of September 30 th, 2018, FibraHotel had an additional 6 872,932 CBFIs in treasury from the overallotment option of the CBFI September 19 th 2017 CBFI issuance and the CBFIS acquired by the repurchase program (21 143,520). This CBFIs in treasury do not have economic nor corporate rights and might be used forward. 11 This Press Release is not a Distribution Notice 12 The amount of the distribution per CBFI was calculated based on the CBFI s issued and with economic rights to this date ( , ,520 = ,768). From the total of CBFI s that do not have economic rights, ,520 CBFI s correspond to the CBFI s acquired by the repurchase program. If CBFIs are purchased or sold before the distribution date, the distribution per CBFI could change.

17 Operating Highlights of FibraHotel s Portfolio The following graph shows the quarterly evolution, from the fourth quarter of 2016 to the third quarter of 2018, of the ADR, the occupancy rate and the RevPAR for the 74 stabilized hotel Portfolio (excluding the Fiesta Americana Condesa Cancun hotel). 64.7% 60.5% 67.0% 67.8% 67.0% 64.4% 66.3% 66.3% 1,063 1,128 1,114 1,122 1,161 1,060 1,186 1, T T T T T T T T Tarifa promedio Tarifa efectiva Ocupación Fiesta Americana Condesa Cancun hotel reported the following during the third quarter of 2018: Occupancy rate of 72.2% Net Package ADR of Ps. $4,342 Net Package RevPAR of Ps. $3,135 FibraHotel s total portfolio of 83 hotels in operation (Excluding the hotel Fiesta Americana Condesa Cancun) reported the following during the third quarter of 2018: Occupancy rate of 65.0% ADR of Ps. $1,148 RevPAR of Ps. $746 The following tables show selected operating information of FibraHotel s hotels in operation for the third quarter of 2018: 2018 Stabilized Portfolio: includes 74 stabilized hotels in operation as of September 30 th, Stabilized Portfolio (74H) 2018 Stabilized Portfolio (74H)* 3Q Q Q LTM 2017 LTM Ocupancy 66.3% 67.8% 66.3% Ocupancy 66.0% 65.0% ADR 1,129 1,060 1,186 ADR 1,149 1,090 RevPAR RevPAR

18 The change in RevPAR: Between the third quarter of 2017 and the third quarter of 2018 the increase in RevPAR was +4.1% for the 74 hotels of the stabilized portfolio. The following table shows certain operating information by segment for the hotels in operation for the third quarter of the years 2017 and 2018 (excludeing the Fiesta Americana Condesa Cancun hoel) : Total Portfolio of Stabilized Hotels (74H)* Total Portfolio (83H)** 3rd quarter rd quarter rd quarter 2018 Segment Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Limited-Service 64.5% $ 831 $ % $ 884 $ % $ 900 $ 584 Selected-Service 71.8% $ 1,045 $ % $ 1,096 $ % $ 1,111 $ 735 Full-Service 60.3% $ 1,536 $ % $ 1,669 $ 1, % $ 1,657 $ 1,038 Extended-Stay 63.1% $ 998 $ % $ 981 $ % $ 981 $ 584 Total 67.8% $ 1,060 $ % $ 1,129 $ % $ 1,148 $ 746 Vs. previous year (149 pb) 6.4% 4.1% * The stabilized portfolio has 74 hotels as of the end of 3Q 2018 without Fiesta Americana Condesa Cancún ** FibraHotel s full operating portfolio has 83 hotels without Fiesa Americana Condesa Cancún The following table shows certain operating information by region 13 for the hotels in operation for the third quarter of 2017 and 2018: Total Portfolio of Stabilized Hotels (74H)* Total Portfolio (83H)* 3rd quarter rd quarter rd quarter 2018 Region Occup. ADR RevPAR Occup. ADR RevPAR Occup. ADR RevPAR Bajio 72.7% $ 1,104 $ % $ 1,175 $ % $ 1,215 $ 875 Northeast 68.0% $ 1,246 $ % $ 1,348 $ % $ 1,348 $ 960 Northwest 64.8% $ 980 $ % $ 1,038 $ % $ 1,031 $ 623 West 69.4% $ 1,049 $ % $ 1,145 $ % $ 1,172 $ 769 South 64.5% $ 912 $ % $ 936 $ % $ 953 $ 572 Metropolitan Area 71.1% $ 1,108 $ % $ 1,158 $ % $ 1,213 $ 776 Total 67.8% $ 1,060 $ % $ 1,129 $ % $ 1,148 $ 746 Vs. previous year (149 pb) 6.4% 4.1% * The stabilized portfolio has 74 hotels as of the end of 3Q 2018 without Fiesta Americana Condesa Cancún ** FibraHotel s full operating portfolio has 83 hotels without Fiesa Americana Condesa Cancún 13 Bajío corresponds to the following states: Aguascalientes, Guanajuato, Querétaro and San Luis Potosí. Northeast corresponds to the following states: Coahuila, Nuevo León and Tamaulipas. Northwest corresponds to the following states: Baja California Norte, Baja California Sur, Chihuahua, Durango, Sinaloa and Sonora. West corresponds to the following states: Jalisco, Nayarit and Michoacán. South corresponds to the following states: Campeche, State of Mexico (Toluca), Guerrero, Morelos, Oaxaca, Puebla, Quintana Roo, Tabasco and Veracruz. Mexico City corresponds to the following states: Mexico City and State of Mexico (excluding Toluca).

19 The following table shows certain operating information of Fiesta Americana Condesa Cancún Hotel third semester of of 2017 and 2018: Occup. Fiesta Americana Condesa Cancún (All Inclusive) 3rd quarter rd quarter 2018 Variation Net Package ADR Net Package RevPAR Occup. Net Package ADR Net Package RevPAR Occup. Net Package ADR Net Package RevPAR FACC* 77.5% $ 3,915 $ 3, % $ 4,342 $ 3,135 (525 pb) 10.9% 3.4% * Fiesta Americana Condesa Cancún is reported with All Inclusive metrics different from de rest of the portfolio. The following table shows FibraHotel s Total Portfolio distribution (83 hotels) as of September 30 th, 2018 by segment, region, number of hotels and rooms: SEGMENT Hotels Rooms REGION Hotels Rooms # % # % # % # % Limited-Service % 2, % Bajio % 1, % Selected-Service % 6, % Northeast % 1, % Full-Service % 2, % Northwest % 2, % Resort 1 1.2% % West 7 8.3% 1, % Extended-Stay 5 6.0% % South % 2, % TOTAL % 12, % Metropolitan Zone % 2, % TOTAL % 12, % Quarterly Operating Portfolio Highlights (excluding leased hotels) Year 2018 Available Rooms Occupied Rooms Occup. Room Revenues Ps. $ Million ADR RevPAR 1st quarter 983, , % $ 716 1, nd quarter 917, , % $ 711 1, rd quarter 1,015, , % $ 748 1, th quarter $ Total 2,915,736 1,870, % $ 2,175 $ 1,163 $

20 FibraHotel s Portfolio evolution by quarter: Hotels and Rooms SELECT SERVICE - MANAGED Acquisition Date Number of rooms at the end of the period Q Q Q Q Q * Fiesta Inn Aguascalientes 21/01/ % 2 Fiesta Inn Buenavista 21/11/ % 3 Fiesta Inn Ciudad del Carmen** 25/11/ % 4 * Fiesta Inn Ciudad Juárez 21/01/ % 5 * Fiesta Inn Ciudad Obregón 07/04/ % 6 * Fiesta Inn Chihuahua 21/01/ % 7 * Fiesta Inn Cuernavaca 15/12/ % 8 * Fiesta Inn Culiacán 01/12/ % 9 * Fiesta Inn Durango 01/12/ % 10 * Fiesta Inn Ecatepec 01/12/ % 11 * Fiesta Inn Guadalajara 21/01/ % 12 * Fiesta Inn Hermosillo 01/12/ % 13 * Fiesta Inn León 21/01/ % 14 * Fiesta Inn Mexicali 21/01/ % 15 * Fiesta Inn Morelia*** 01/03/ % 16 * Fiesta Inn Los Mochis 05/12/ % 17 * Fiesta Inn Monclova 28/02/ % 18 * Fiesta Inn Monterrey la Fé 21/01/ % 19 * Fiesta Inn Monterrey Valle 01/08/ % 20 * Fiesta Inn Naucalpan 01/12/ % 21 * Fiesta Inn Nuevo Laredo 01/12/ % 22 * Fiesta Inn Oaxaca 05/07/ % 23 * Fiesta Inn Perinorte 01/12/ % 24 * Fiesta Inn Puebla FINSA 03/07/ % 25 Fiesta Inn Puerto Vallarta 30/01/ % 26 * Fiesta Inn Querétaro 21/01/ % 27 * Fiesta Inn Saltillo 21/01/ % 28 * Fiesta Inn San Luis Potosi Oriente 21/07/ % 29 * Fiesta Inn Tepic 01/12/ % 30 * Fiesta Inn Tlalnepantla 24/06/ % 31 * Fiesta Inn Torreón 18/12/ % 32 * Fiesta Inn Toluca 30/04/ % 33 * Fiesta Inn Villahermosa 02/12/ % 34 * Fiesta Inn Xalapa 27/03/ % 35 * Real Inn Mexicali 01/08/ % 36 * Gamma Ciudad Obregón (Valle Grande) 30/05/ % 37 * Gamma Guadalajara**** 01/07/ % 38 * Gamma León (Fussion 5) 22/05/ % 39 * Gamma Tijuana (Lausana Tijuana) 27/07/ % 40 Courtyard Vallejo 01/03/ % 41 Courtyard Toreo 01/02/ % Subtotal 1,225 3,795 4,770 5,084 5,386 5,655 5,784 5,930 5,930 5, % LIMITED SERVICE - MANAGED 42 * One Acapulco 01/12/ % 43 * One Aguascalientes 01/12/ % 44 * One Coatzacoalcos 01/12/ % 45 * One Cuernavaca 15/12/ % 46 * One Cuautitlan 17/11/ % 47 * One Durango 29/02/ % 48 * One Culiacán 01/12/ % 49 * One Guadalajara Tapatío 24/06/ % 50 * One Xalapa 27/03/ % 51 * One Monclova 01/11/ % 52 * One Monterrey 01/12/ % 53 * One Puebla FINSA 02/07/ % 54 * One Querétaro 21/01/ % 55 * One Toluca 01/12/ % 56 * One Patriotismo 21/01/ % 57 * One Perisur 16/07/ % 58 * Fairfield Inn & Suites Juriquilla 28/01/ % 59 * Fairfield Inn Los Cabos 20/06/ % 60 * Fairfield Inn & Suites Nogales 08/11/ % 61 * Fairfield Inn & Suites Saltillo 31/03/ % 62 Fairfield Inn & Suites Vallejo 01/03/ % 63 * Fairfield Inn & Suites Villahermosa 09/12/ % Subtotal 749 1,259 1,704 2,121 2,671 2,792 2,792 2,792 2,792 2, % % of rooms

21 FibraHotel s Portfolio evolution by quarter: Hotels and Rooms (Cont d) FULL SERVICE - MANAGED Acquisition Date Number of rooms at the end of the period Q Q Q Q Q * Fiesta Americana Aguascalientes 15/01/ % 65 * Fiesta Americana Hermosillo 01/05/ % 66 Fiesta Americana Hacienda Galindo 03/07/ % 67 * Fiesta Americana Pabellón M 31/03/ % 68 Fiesta Americana México Satélite***** 24/09/ % 69 * Grand Fiesta Americana Monterrey Valle 13/06/ % 70 * Live Aqua Monterrey Valle 13/06/ % 71 * Camino Real Puebla 01/12/ % 72 * Sheraton Ambassador 18/11/ % 73 * AC By Marriott Querétaro 21/03/ % 74 * AC By Marriott Guadalajara 01/06/ % 75 AC by Marriott Veracruz 13/11/ % % of rooms Subtotal ,589 1,757 1,921 1,921 1,919 2, % EXTENDED STAY - MANAGED 76 * Camino Real Hotel & Suites Puebla 01/03/ % 77 * Fiesta Inn Lofts Ciudad del Carmen 08/09/ % 78 * Fiesta Inn Lofts Monclova 01/11/ % 79 * Fiesta Inn Lofts Monterrey la Fé 19/07/ % 80 * Fiesta Inn Lofts Querétaro 01/11/ % Subtotal % LEASED HOTELS 81 * Fiesta Inn Cuautitlán 01/12/ % 82 * Fiesta Inn Perisur 01/12/ % 83 * Fiesta Americana Condesa Cancún 01/01/ % 84 * Live Aqua Boutique Playa del Carmen 19/11/ % Subtotal % TOTAL OPERATING ROOMS 2,467 5,547 7,656 8,507 10,422 10,980 11,273 11,926 11,924 12, % TOTAL OPERATING HOTELS DEVELOPMENT OPENING 1 Live Aqua San Miguel de Allende % 2 Fiesta Americana Viaducto (VIA 515) % Other (expansions, opened hotels, etc.) ,883 2,197 1, TOTAL DEVELOPMENT ,883 2,466 1,601 1, % TOTAL FIBRAHOTEL S PORTFOLIO 2,956 6,446 9,539 10,973 12,023 12,217 12,217 12,723 12,721 12,555 NUMBER OF HOTELS Number of hotels /rooms at the end of the period. % de cuartos * 2018 Stabilized Portfolio (75 operating hotels - stabilized) OPERATING HOTELS 96.8% ** On January 1st 2018, Courtyard Ciudad del Carmen, changed brand into Fiesta Inn and is now operated by Grupo Posadas. HOTELS UNDER DEVELOPMENT 3.2% *** On March 1st 2018, Real Inn Morelia, changed brand into Fiesta Inn Morelia and is now operated by Grupo Posadas. **** On July 1st 2018, Real Inn Guadalajara, changed brand into Gamma Guadalajara and is now operated by Grupo Posadas. *****On September 24th, 2018 FibraHotel opened Fiesta Americana México Satélite hotel operated by Grupo Posadas

22 BALANCE SHEET As of September 30 th, 2018 and December 31 st, 2017 (figures in thousands pesos) Assets 30/09/ /12/2017 Current assets Cash, cash equivalents and restricted cash 854,799 4,727,981 Trade accounts receivable and other receivables 283, ,837 Due from related parties 0 0 Prepaid expenses 62,100 23,499 Recoverable taxes, mainly value-added tax 21,298 28,217 Total currents assets 1,221,660 5,100,534 Non current assets Hotel properties, furniture and operating equip. - Net 11,642,242 11,025,449 Investment Properties* 3,018,519 0 Properties under development 1,072, ,996 Derivative instruments 83, ,652 Advance to suppliers 3,573 3,096 Deferred income taxes 9,214 3,055 Total non-current assets 15,829,644 12,122,248 Total assets 17,051,304 17,222,782 Liabilities and partners' equity Current liabilities: Borrowings 279, ,247 Suppliers and accrued expenses 540, ,340 Taxes payable 11,139 9,564 Other 58,193 55,500 Total current liabilities 889, ,651 Long term debt 3,155,848 3,062,659 Trustors' equity: Contribution from the trustors 12,229,045 12,669,153 Retained earnings 776, ,319 Total trustors' equity: 13,005,947 13,561,473 Total liabilities and trustors' equity 17,051,304 17,222,782 *Corresponds to Fiesta Americana Condesa Cancún Hotel

23 INCOME STATEMENT From January 1 st to June 30 th, 2018 and year 2018 compared with previous year (figures in thousands pesos) 3Q Q 2017 Year 2018 Year 2017 Revenue: Rooms 747, ,618 2,232,769 1,968,038 Food and beverages 166, , , ,933 Leases 61,788 20, ,979 69,707 Others 5,479 6,995 18,845 16,884 Total revenue 981, ,189 3,031,955 2,500,562 Costs and general expenses Rooms 154, , , ,008 Food and beverages 104, , , ,065 Administrative expenses 401, ,179 1,183,198 1,023,131 Total costs and general expenses 661, ,197 1,950,122 1,691,203 Lodging contribution 319, ,992 1,081, ,359 Real estate expenses 15,456 11,848 45,172 32,792 Advisory fee 37,555 26,726 47,745 79,749 Administrative expenses related to FibraHotel 15,447 13, ,309 42,235 Depreciation 106,852 93, , ,475 Income from operations 144, , , ,108 Extraordinary expenses, net 18,658 4,447 32,972 22,786 Adjusted (loss) from operations 125, , , ,321 Non operating income 385 3,966 1,792 6,435 Comprehensive financing result (38,720) (32,378) (94,521) (105,086) Income before taxes 87,528 91, , ,670 Tax (617) 1,566 (2,188) 841 Consolidated net (loss) income 88,145 89, , ,829

24 CASH FLOW STATEMENT From July 1 st to September 30 th, 2018 and year 2018 compared with previous year (figures in thousands pesos) 3Q Q 2017 Year 2018 Year 2017 Operating Activities Consolidated net income 88,145 89, , ,829 Adjustments for non cash items Tax (617) 1,566 (2,188) 841 Cost for asset sale 0 (369) 0 (674) Depreciation 106,852 93, , ,475 Interest income 35,548 33,031 89, ,481 Total 229, , , ,952 (Increase) decrease in: Trade accounts receivable and others 16,524 (29,950) 37,374 (75,193) Due from related parties 0 (0) (0) (0) Recoverables taxes, mainly VAT 4,658 53,529 6, ,104 Prepaid expenses 7,655 9,586 (38,602) (25,269) Other assets (388) 0 (477) (140) Increase (decrease) in: 0 Suppliers and accrued expenses and others 12,019 90, , ,479 Due to related parties Tax payable (3,508) (2,263) (1,867) (2,924) Net cash flow used in operating activities 266, , , ,008 Investing activities Business acquired, net of cash received 0 0 (0) 0 Development portfolio (244,100) (172,830) (738,661) (516,217) Acquisition of other assets (74,448) (69,282) (210,784) (126,337) Acquisition of other assets (28,304) 0 (3,018,519) 0 Asset sale Interest income 16,593 20,927 93,480 37,430 Net cash flow used in investing activities (330,260) (220,817) (3,874,485) (604,449) Financing activities Ditributions to trustors (234,852) (171,900) (709,031) (443,161) Debt Issuance 318,460 96, , ,113 Interests paid and financial expenses (83,204) (33,302) (256,543) (181,221) CBFIs issuance 0 4,000,000 (127,699) 4,000,000 CBFI Repurchase Program (39,505) 0 (110,163) 0 Issuance expenses 0 (164,999) 17 (164,999) Other 0 (1,628) (17,333) (1,628) Net cash flow used in financing activities (39,102) 3,724,240 (951,465) 3,702,104 Net increase (decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash at the beginning of the period Cash, cash equivalents and restricted cash at the end of the period (102,474) 3,842,207 (3,873,183) 3,916, , ,285 4,727, , ,799 4,365, ,799 4,365,492

25 Invitation to FibraHotel s 2018 Investor and Analyst day:

26 Conference call invite: