Toluca Tollocan and development of One Toluca Tollocan) representing 401 rooms.

Transcription

1 FibraHotel ( FibraHotel ), the first real estate investment trust specialized in urban business-class hotels in Mexico, announces (i) the execution and approval of agreements for the acquisition of 15 hotels and ~2,201 rooms with an estimated investment of Ps. $1,952 million, reaching a total of 55 hotels with 7,772 rooms; (ii) an agreement with Camino Real for the development and operation of up to 10 hotels in the next three years; and (iii) our financial results and distribution corresponding to the first quarter of Mexico City, April 23, FibraHotel (BMV: FIHO 12), the first real estate investment trust specialized in urban business-class hotels in Mexico, announces: (i) The execution and approval of agreements for the acquisition of 15 hotels 1 and ~2,201 rooms with an estimated investment of Ps. $1,952 million, reaching a total of 55 hotels with 7,772 rooms. FibraHotel has executed preliminary agreements subject to conditions, which were approved unanimously by FibraHotel s Technical Committee on April 22, for the acquisition of eight hotels in operation (including Fiesta Inn Tlalnepantla and Fiesta Inn Toluca) and seven hotels to be developed by third parties (including a piece of land adjacent to Fiesta Inn Toluca for the development of a Hotel One), with different independent counterparties not related to the control group. These acquisitions will drive the growth of FibraHotel adding 1,185 rooms in operation and 1,016 rooms under development (2,201 in total), reaching a total of 6,932 rooms without the future developments from the Camino Real agreement, and 7,772 rooms in total. These acquisitions, besides increasing substantially the number of rooms of FibraHotel will contribute to a further diversification of the portfolio in terms of (i) independent hotel operators, (ii) brands, (iii) geography with presence in 2 new states, and (iv) hotel sectors, which we believe is a fundamental competitive advantage of FibraHotel. The estimated total amount that FibraHotel would invest in the acquisition and development of these 2,201 rooms, is approximately Ps. $1,952 million, of which Ps. $1,017 million correspond to acquisition of hotels in operation and the remainder correspond to investment in the development of the seven additional hotels. The acquisition of the eight hotels in operation represents a combined cap rate above 10%. These acquisitions show FibraHotel s commitment to portfolio growth while maintaining its investment discipline for the benefit of its investors. 1 Including the acquisition of 3 hotels announced on March 14, 2013 (Fiesta Inn Tlanepantla, Fiesta Inn Toluca Tollocan and development of One Toluca Tollocan) representing 401 rooms.

2 6 hotels 840 rooms 3 hotels 401 rooms 12 hotels 1,800 rooms 34 hotels 4,731 rooms 55 hotels 7,772 rooms Initial Portfolio IPO November 29, Acquisitions announced March 14, 2013 Acquisitions announced April 22, 2013 Additional hotels to de developed + + = under Camino Real agreement 1 FibraHotel Portfolio 31 operating hotels (4,397 rooms) 2 operating hotels (275 rooms) 6 operating hotels (910 rooms) 39 operating hotels (5,582 rooms) 3 development hotels (334 rooms) 1 development hotel (126 rooms) 6 development hotels (890 rooms) 6 development hotels (840 rooms) 16 development hotels (2,190 rooms) 1 Out of the 10 hotels in the Camino Real Agreement, 3 will be acquisitions converted to the Real Inn brand, one is part of FIHO s existing development portfolio and the 6 remaining will be either newly developed or a future acquisition converted to the Real Inn brand (ii) An agreement with Hoteles Camino Real, S.A. de C. V. for the development and operation of up to 10 hotels in the next three years As announced on April 19, FibraHotel executed an agreement for the development and operation of up to 10 hotels in the next three years with Hoteles Camino Real, S.A. de C. V., with the latter acting as operator. The hotels may be managed under the brands Real Inn and Camino Real Suites and together they could reach a total of up to 1,503 rooms. Of these 10 hotels we have already identified five: a) three of the eight hotels in operation to be acquired will be operated under the Real Inn brand; b) the Camino Real Suites in Puebla, which is part of our Development Portfolio; and c) the Real Inn Toreo in Mexico City which is part of our Future Development Portfolio.

3 (iii) Financial results and distribution corresponding to the first quarter Note: all figures included herein were prepared in accordance with IFRS and are stated in nominal Mexican pesos. 1st Quarter 2013 Highlights A period of operation which covered the less vigorous quarter of the year for the business-class hotels in Mexico. FibraHotel started this period with 18 hotels and ended with 31 hotels in operation thanks to the completion of the acquisitions regarding the Acquisition Portfolio and to the opening of a hotel from the Development Portfolio, Real Inn Morelia hotel in early March. The average daily rate ( ADR ) was Ps. $868, the occupancy rate was 63.0% and the revenue per available room ( RevPar ) was Ps. $547. Total revenues were Ps. $176.2 million. Lodging contribution 2 amounted to Ps. $70.2 million. Operating Profit was Ps. $29.8 million. Net Income amounted to Ps. $28.4 million. FibraHotel will pay a distribution of Ps. $59.0 million, equivalent to cents (Ps. $0.20) per CBFI 3. As of March 31, 2013, FibraHotel had a net cash position of Ps. $920 million, of which Ps. $189 million 4 were committed for the completion of the acquisition of the 3 remaining hotels in the Development Portfolio. This net cash position does not include the reimbursement of VAT related to the 17 hotels of the Contribution Portfolio, the 13 hotels of the Acquisition Portfolio, the payment of Real Inn Morelia and the Initial Public Offering expenses. As of March 31, 2013, total owners equity amounted to Ps. $5,389 million. 2 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 (property taxes, insurance, property acquisition taxes, as well as notary and registration expenses) and FibraHotel s administration expenses. 3 Calculated based on the number of outstanding CBFIs as of March 31, 2013, excluding the CBFIs issued in exchange of the Development Portfolio that are not entitled to receive distributions until such properties are in operation. 4 The Ps. $189 million committed correspond to the cash committed for the completion of the Development Portfolio (One Tapatío, Cancun Extended-Stay, Camino Real Suites Puebla).

4 During the first quarter of 2013, we have completed the formation of our Initial Portfolio as it was presented during our Initial Public Offering and opened a hotel from our Development Portfolio, Real Inn Morelia hotel. In terms of our Initial Portfolio, the operating performance of our hotels have been very positive with a very robust occupancy rate for the first quarter, 63%, and the highest average rate for our hotels historically Ps. $868. We remain committed to our investors on growing our asset base, therefore we announce today agreements for the acquisition and development of hotels totaling 2,201 additional rooms. We also announced that we will distribute to our CBFI holders a distribution of cents per CBFI, said Simon Galante, CEO of FibraHotel. Completion of the Acquisition Portfolio In addition to the purchase of Fiesta Inn Torreon in December 2012, on January 21, 2013, FibraHotel successfully completed the acquisition of other eleven hotels 5 and on February 28, Fiesta Inn Monclova, this way completing the acquisition process of the Acquisition Portfolio. The price paid for the 12 hotels of the Acquisition Portfolio acquired in the first quarter of 2013, as indicated in the Offering Memorandum, was Ps. $ 1,655 million. Real Inn Morelia hotel Opening, part of the Development Portfolio On March 4, 2013, FibraHotel announced the opening, before the deadline set forth in the Offering Memorandum, of Real Inn Morelia, a selected-service hotel operated by Grupo Real Turismo with 155 rooms. The hotel is located in Avenida Montaña Monarca Norte, in Morelia, Michoacan, Mexico, inside Altozano, one of the newest shopping centers in the city of Morelia, with movie theaters, restaurants and prestige boutiques. The total price for FibraHotel was Ps. $130 million: Ps. $43.3 million paid in exchange of 2,342,667 CBFIs for the contribution of the project under development and Ps. $86.7 million paid upon delivery of the hotel. Cash available after the use of resources of the Initial Public Offering On November 30, 2012, FibraHotel carried out its IPO in the Mexican Stock Exchange (BMV) for an aggregate number of 223,611,110 Certificados Bursátiles Fiduciarios Inmobiliarios ( CBFIs ), including the over-allotment option which was exercised in full on December 14, Through the IPO, FibraHotel placed Ps. $4,137 million. As of March 31, after deducting offering expenses, expenses related to the Initial Portfolio, the completion of the Acquisition Portfolio and the payment for Real Inn Morelia hotel, and taking into account the cash committed to pay the price of the Development Portfolio, FibraHotel has approximately Ps. $1,100 million for selected acquisitions and for general corporate purposes. 5 Fiesta Inn Aguascalientes, Fiesta Inn Chihuahua, Fiesta Inn Ciudad Juárez, Fiesta Inn Guadalajara, Fiesta Inn León, Fiesta Inn Mexicali, Fiesta Inn Monterrey, Fiesta Inn Querétaro, Fiesta Inn Saltillo, One Querétaro y One Patriotismo.

5 FibraHotel s Initial Portfolio as of March 31, 2013 Hotel State Opening Year (1) Number of Rooms Operator Brand Segment Contribution Portfolio Operating 1 Fiesta Inn Naucalpan State of Mexico Grupo Posadas Fiesta Inn Selected-Service 2 Fiesta Inn Perisur Mexico City (D.F.) Grupo Posadas Fiesta Inn Selected-Service 3 Fiesta Inn Hermosillo Sonora Grupo Posadas Fiesta Inn Selected-Service 4 Fiesta Inn Cuautitlán State of Mexico Grupo Posadas Fiesta Inn Selected-Service 5 Fiesta Inn Culiacán Sinaloa Grupo Posadas Fiesta Inn Selected-Service 6 Fiesta Inn Ecatepec State of Mexico Grupo Posadas Fiesta Inn Selected-Service 7 Fiesta Inn Perinorte (2) State of Mexico 2007* 123 Grupo Posadas Fiesta Inn Selected-Service 8 Fiesta Inn Durango Durango Grupo Posadas Fiesta Inn Selected-Service 9 Fiesta Inn Tepic Nayarit Grupo Posadas Fiesta Inn Selected-Service 10 Fiesta Inn Nuevo Laredo Tamaulipas 2010* 120 Grupo Posadas Fiesta Inn Selected-Service 11 One Monterrey (2) Nuevo León Grupo Posadas One Limited-Service 12 One Coatzacoalcos Veracruz Grupo Posadas One Limited-Service 13 One Toluca State of Mexico Grupo Posadas One Limited-Service 14 One Acapulco (2) Guerrero Grupo Posadas One Limited-Service 15 One Aguascalientes (2) Aguascalientes Grupo Posadas One Limited-Service 16 One Culiacán Sinaloa Grupo Posadas One Limited-Service 17 Camino Real Puebla Puebla Grupo Real Turismo Camino Real Full-Service 18 Real Inn Morelia Michoacan 1Q Grupo Real Turismo Real Inn Selected-Service Sub Total 2,476 Development Portfolio 19 One Tapatío Jalisco 2Q Grupo Posadas One Limited-Service 20 Cancún Extended-Stay Quintana Roo 3Q TBD TBD Extended-Stay 21 Puebla Extended-Stay Puebla 4Q Grupo Real Turismo Camino Real Suites Extended-Stay Sub Total 334 Sub Total Contribution Portfolio 2,810 Acquisition Portfolio 22 Fiesta Inn Aguascalientes Aguascalientes Grupo Posadas Fiesta Inn Selected-Service 23 Fiesta Inn Chihuahua Chihuahua Grupo Posadas Fiesta Inn Selected-Service 24 Fiesta Inn Guadalajara Jalísco Grupo Posadas Fiesta Inn Selected-Service 25 Fiesta Inn León Guanajuato Grupo Posadas Fiesta Inn Selected-Service 26 Fiesta Inn Monclova Coahuila Grupo Posadas Fiesta Inn Selected-Service 27 Fiesta Inn Monterrey Nuevo León Grupo Posadas Fiesta Inn Selected-Service 28 Fiesta Inn Saltillo Coahuila Grupo Posadas Fiesta Inn Selected-Service 29 Fiesta Inn Ciudad Juárez Chihuahua Grupo Posadas Fiesta Inn Selected-Service 30 Fiesta Inn Querétaro Querétaro Grupo Posadas Fiesta Inn Selected-Service 31 Fiesta Inn Mexicali BCN Grupo Posadas Fiesta Inn Selected-Service 32 Fiesta Inn Torreón Coahuila Grupo Posadas Fiesta Inn Selected-Service 33 One Patriotismo Mexico City (D.F.) Grupo Posadas One Limited-Service 34 One Querétaro Querétaro Grupo Posadas One Limited-Service Sub Total Acquisition Portfolio 1,921 Total Initial Portfolio 4,731 (1) For our initial operating hotels, the opening year or the year of the opening after the last remodeling (dates marked with "*"), as applicable. For the development portfolio, the year in which each hotel is expected to open. (2) Includes retail component.

6 As of March 31, 2013, FibraHotel had 31 properties in operation and three properties under development. Of the 31 properties in operation, 17 correspond to the Contribution Portfolio, 13 to the Acquisition Portfolio and one to the Development Portfolio, Real Inn Morelia hotel. Agreement for the acquisition of Fiesta Inn Tlanepantla and Fiesta Inn Toluca hotels On March 14, 2013, FibraHotel signed an agreement with Grupo Posadas, which establishes the terms and conditions for the acquisition of two hotels: Fiesta Inn Tlalnepantla (131 rooms) and Fiesta Inn Toluca Tollocan (144 rooms), subject to certain conditions precedent and to environmental, legal and technical due diligence. Both hotels will maintain in effect their operation contracts with Grupo Posadas. The agreed price for the acquisition of these hotels is Ps. $230 million. During 2012: Fiesta Inn Tlanepantla had an occupancy rate of 66%, an average daily rate of Ps. $793 and a RevPAR of Ps. $520 Fiesta Inn Toluca Tollocan had an occupancy rate of 65%, an average daily rate of Ps. $836 and a RevPAR of Ps. $544 In addition to the acquisition of the above mentioned hotels, FibraHotel announces the acquisition of a piece of land of 1,971 square meters adjacent to the Fiesta Inn Toluca Tollocan hotel, for the development of an additional 126-room hotel, which will be operated by Grupo Posadas under the One Hotels brand. The agreed price for the acquisition of this piece of land is Ps. $8.2 million. Development Portfolio The Initial Portfolio comprises 34 properties of which, as of March 31, 2013, 3 properties are in different stages of development (the Development Portfolio ): one of three stars in Guadalajara, Jalisco (One Tapatío), and two Extended-Stay in Cancún, Quintana Roo and Puebla, Puebla, with operations schedule to open on June, October and December 2013, respectively. After the completion of their development, these 3 hotels will have an estimated total of 334 rooms in total. Development costs of these 3 hotels are estimated at Ps. $325 million. Grupo GDI received 7,355,230 CBFIs (equivalent to Ps. $136 million) as consideration for the contribution of these hotels, and according to the Construction and Development Agreement, Grupo GDI has undertaken to fund the remaining development costs until these hotels are completed and open to the public. When this happens, FibraHotel will pay Grupo GDI these development costs on the understanding that if the total development costs exceed Ps. $325 million, Grupo GDI will be responsible for costs overruns. The following table summarizes the status of the Development Portfolio:

7 Expected Date Number of Cost for FibraHotel (Ps. $000) Hotel State of Completion rooms being constructed Total Invested Remaining 1 One Tapatío Jalisco 2Q Cancún Extended-Stay Quintana Roo 3Q Camino Real Suites Puebla 4Q Total Results for the first quarter 2013 FibraHotel began the quarter with 18 hotels in operation (17 hotels from the Contribution Portfolio and one from the Acquisition Portfolio) and ended with 31 hotels in operation (17 hotels from the Contribution Portfolio, 13 from the Acquisition Portfolio and one from the Development Portfolio). Traditionally, the first quarter is the least vigorous quarter of the year and it is noteworthy that, in 2013, Holy Week took place during the last week of the quarter. Total Revenues During this period, FibraHotel s total revenues reached Ps. $176.2 million: Ps. $128.6 million corresponded to revenues related to room rentals (73.0% of total revenues). Ps. $22.6 million corresponded to revenues related to food and beverage (12.8% of total revenues). Ps. $20.3 million corresponded to revenues related to the lease of 5 hotels 6 and retail components (11.5% of total revenues). Ps. $4.7 million, (2.7% of total revenues) corresponded mainly to the lodging contribution of the Acquisition Portfolio for the month of January and other revenues. Costs and General Expenses During this period, FibraHotel s costs and general expenses amounted to Ps. $106.1 million: Ps. $67.5 million corresponded to administrative costs and expenses (63.6% of costs and general expenses). Ps. $23.5 million corresponded to room expenses (22.1% of costs and general expenses). Ps. $15.1 million corresponded to expenses related to food and beverages (14.2% of costs and general expenses). 6 Leased hotels are Fiesta Inn Cuautitlán, Fiesta Inn Culiacán, Fiesta Inn Ecatepec, Fiesta Inn Perisur and Camino Real Puebla

8 Lodging Contribution Lodging Contribution amounted to Ps. $70.2 million, representing 39.8% of total revenues. Operating Profit Other operating expenses amounted to Ps. $40.3 million and consisted of FibraHotel s real estate expenses (Ps. $4.5 million), FibraHotel s administrative expenses (Ps. $16.1 million), and depreciation (Ps. $19.7 million). The operating profit amounted to Ps. $29.8 million, representing 16.9% of total revenues. Adjusted Operating Profit During the first quarter, FibraHotel had non-operating expenses for Ps. $ 16.1 million, these expenses relate primarily to the Initial Portfolio (taxes, appraisals, and technical audits, among others), and were funded with resources from FibraHotel s IPO, as described in the Offering Memorandum. The adjusted operating profit reached Ps. $13.8 million (7.8% of total revenues). Comprehensive Financial Cost As of December 31, 2012, FibraHotel had no debt, and a cash position of Ps. $2,878 million. FibraHotel ended the first quarter with a cash position of Ps. $920 million, generating interest income for Ps. $15.3 million during the period, which generated a comprehensive financial income of Ps. $14.6 million. Consolidated Net Income Consolidated net income reached Ps. $28.4 million. The consolidated net income per CBFI amounted to 9.65 cents per CBFI (excluding the CBFIs corresponding to the Development Portfolio that currently do not have economic rights). Distribution corresponding to the first quarter One of the commitments of FibraHotel at the time of its IPO was to pursue the creation of value to its CBFIs holders. Therefore on April 22, 2013, FibraHotel s Technical Committee approved a distribution of ~ Ps. $59.0 million. This distribution is equivalent to cents (Ps. $0.20) per CBFI, and was calculated based on the outstanding CBFIs, excluding the CBFIs related to the Development Portfolio which currently do not have economic rights. This distribution is based on the results and operations of FibraHotel between January 1 st and March 31 st, This Press Release is not a Distribution Notice

9 The distribution payment is broken down as follows 8 : 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. Cash Position FibraHotel ended the first quarter of 2013 with no debt and a cash position of Ps. $920 million compared to Ps. $2,878 million as of December 31, During the first quarter of 2013, FibraHotel acquired 12 hotels from the Acquisition Portfolio and opened Real Inn Morelia hotel for a total amount of Ps. 1,742 million. The cash position at the end of the quarter does not take into account the reimbursable VAT, approximately Ps. $540 million. As of March 3l, 2013, the capital expenditure reserve, intended to maintain the physical condition of the hotels in operation and constituted based on a percentage of total revenues of the hotels in operations totaled Ps. $17.3 million. FibraHotel s ownership breakdown As of March 31, 2013, the composition of CBFIs was as follows: Amount Concept per CBFI Total Ps. $ Ps. $ million Taxable Income Depreciation Total CBFIs % Control Trust 80,290, % Free Float 223,611, % Total 303,901, % Initial Portfolio s Operating Indicators 9 8 The amount of the distribution per CBFI was calculated as follows: total distribution amount divided by the number of outstanding CBFIs, excluding the CBFIs corresponding to the Development Portfolio which currently do not have economic rights (303,901,766 9,697,897 = 294,203,869)

10 The following graph shows the quarterly evolution, for years 2007 to the first quarter of 2013, of the ADR, the occupancy rate and the RevPAR for all 30 hotels in operation of the Initial Portfolio (Contribution Portfolio + Acquisition Portfolio) % 70% 60% 50% 40% 30% 20% 10% 0% Q 2013 ADR RevPAR Occupancy For the first quarter of 2013, the 30 hotels from the Initial Portfolio in operation reported the following: An average daily rate of Ps. $868 in comparison with Ps. $819 and Ps. $820, respectively for 2012 and the first quarter of An occupancy rate of 63.0% in comparison with 66.3% and 63.0%, respectively for 2012 and the first quarter of A revenue per available room of Ps. $547 in comparison with Ps. $543 and Ps. $517, respectively for 2012 and the first quarter of Without considering Real Inn Morelia which opened March 1,

11 The following chart shows certain operating information by segment for the 30 hotels in operation of the Initial Portfolio for the years ended December 31, 2011, 2012 and the first quarter of 2013: st quarter 2013 State Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Limited-Service 66% $ 607 $ % $ 632 $ % $ 662 $ 398 Selected-Service 63% $ 845 $ % $ 862 $ % $ 914 $ 584 Full-Service 65% $ 1,086 $ % $ 1,110 $ % $ 1,217 $ 777 Weighted Average 64% $ 801 $ % $ 819 $ % $ 868 $ 547 The following table shows certain operating information by region 10 for the 30 hotels in operation of the Initial Portfolio for the years ended December 31, 2011, 2012 and the first quarter of 2013: st quarter 2013 State Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Northwest 60% $ 808 $ % $ 835 $ % $ 912 $ 521 Northeast 65% $ 624 $ % $ 642 $ % $ 677 $ 470 Center and South 66% $ 821 $ % $ 856 $ % $ 898 $ 581 West 63% $ 964 $ % $ 862 $ % $ 869 $ 563 Weighted Average 64% $ 801 $ % $ 819 $ % $ 868 $ Northwest corresponds to the following states: Baja California Norte, Chihuahua, Durango, Sinaloa and Sonora. Northeast corresponds to the following states: Coahuila, Nuevo León and Tamaulipas. Center and South corresponds to the following states: Aguascalientes, State of Mexico, Guanajuato, Guerrero, Puebla, Querétaro, Veracruz, and Mexico City. West corresponds to the following states: Jalisco and Nayarit.

12 BALANCE SHEET As of March 31, 2013 (figures in thousands pesos) Assets Current assets Cash, cash equivalents and restricted cash 920,136 Clients and other accounts receivable 82,773 Accounts receivable from related parties 4,001 Other current assets 38,207 Recoverable taxes 534,862 Total currents assets 1,579,979 Non current assets Property and equipment - Net 3,779,039 Development portfolio 136,072 Other non current assets 1,364 Deffered income tax 121 Total non current assets 3,916,596 Total assets 5,496,575 Liabilities and partners' equity Current liabilities: Accounts payable 83,012 Other current liabilities 24,292 Total current liabilities 107,304 Partners' equity: Contributed capital 5,350,519 Retained earnings 38,752 Total partners' equity: 5,389,271 Total liabilities and partners' equity 5,496,575

13 INCOME STATEMENT From January 1 to March 31, 2013 (figures in thousands pesos) Revenue: Rooms 128,622 Food and beverages 22,616 Leases 20,308 Others 4,697 Total Revenue 176,243 Costs and general expenses Rooms 23,479 Food and beverages 15,102 Administrative expenses 67,481 Total Costs and General Expenses 106,062 Lodging contribution 70,182 Real estate expenses 4,545 Administrative expenses related to FibraHotel 16,126 Depreciation 19,672 Income from operations 29,839 Extraordinary expenses, net 16,070 Adjusted income from operations 13,769 Comprehensive financing result 14,610 Income before taxes 28,379 Interest expense 0 Consolidated net (loss) income 28,379

14 CASH FLOW STATEMENT From January 1 to March 31, 2013 (cifras en miles de pesos) Operating Activities Consolidated net income 28,379 Adjustments for non cash items Depreciation 19,672 Investment activities Interest income (15,317) Total 32,734 (Increase) decrease in: Accounts receivable (58,535) Prepaid expenses (36,525) Other assets (1,378) Recoverable taxes (233,119) Increase (decrease) in: Accounts payable 89,553 Net cash flow from (used in) operating activities (207,270) Investing activities Accquisition of property and equipment (1,654,907) Development portfolio (86,661) Acquisition of other assets (482) Interest income 15,317 Net cash flow from (used in) investing activities (1,726,733) Financing activities Offering expenses (5,097) Ditributions to CBFI holders (18,539) Net cash flow from (used in) financing activities (23,636) Net increase (decrease) in cash, cash equivalents and restricted cash (1,957,639) Cash, cash equivalents and restricted cash at the beginning of the p 2,877,775 Cash, cash equivalents and restricted cash at the end of the period 920,136

15 About FibraHotel FibraHotel is a Mexican trust created primarily to acquire, develop and operate business-class hotels in the limited service, selected service, full service and extended-stay segments. Our objective is to provide attractive returns to our CBFI holders, through stable cash distributions and the appreciation of our real estate assets. Also, we will aim to have a high quality hotel portfolio, through the affiliation to different hotel brands and renowned operators, as well as geographic and segment diversification. Under Mexican laws, Fibras must invest at least 70% of its assets in real estate for lease, among other requisites. Additionally, Fibras must distribute in cash at least once a year 95% of taxable income to its CBFI holders. Such characteristics, together with a solid performance of the real estate market in Mexico and a team with over two decades of real estate and hotel experience, make FibraHotel an attractive investment vehicle. FibraHotel is internally managed by Fibra Hotelera, S.C., and is externally advised by Administradora Fibra Hotelera Mexicana, S.A. de C.V whose key executives have over 60 years of combined experience in real estate development and operations and hotels in Mexico Investors Relations Contacts Mexico City Guillermo Bravo Tel: +52 (55) gbravo@fibrahotel.com