FibraHotel will pay a distribution of Ps. $99 million, equivalent to cents (Ps. $0.2003) per CBFI 4.

FibraHotel ( FibraHotel ), the first real estate investment trust specialized in business-class hotels in Mexico, announces its financial results and distribution corresponding to the first quarter of 2016. Mexico City, April 20 th, 2016 --- FibraHotel (BMV: FIHO 12), the first real estate investment trust specialized in business-class hotels in Mexico, announces its results and distribution corresponding to the first quarter of 2016. Except where noted, all figures included herein were prepared in accordance with IFRS and are stated in nominal Mexican pesos. 1 st Quarter 2016 Highlights FibraHotel ended the first quarter of 2016 with 80 hotels and 10,973 rooms, including 66 hotels in operation (9,120 rooms) and 14 hotels in different stages of development (1,853 rooms). During the quarter, FibraHotel added 613 rooms in operation with the opening of four hotels, Fairfield Inn & Suites Juriquilla, One Durango, AC by Marriott Querétaro and Fiesta Americana Pabellón M. On a comparable property basis of 54 hotels 1, the average daily rate ( ADR ) was Ps. $972, representing an increase of 4.8% versus the first quarter of 2015, the occupancy rate was 62.9%, representing an increase of 444bp versus the first quarter of 2015 and the revenue per available room ( RevPAR ) was Ps. $611, representing an increase of 12.7% versus the first quarter of 2015. For the Total FibraHotel Portfolio of 66 properties, the average daily rate was Ps. $968, the occupancy rate was 59.4%, and the revenue per available room was Ps. $575. During the first quarter of 2015, RevPAR of the Total FibraHotel Portfolio of 57 properties was Ps. $547. For Non Stabilized FibraHotel Portfolio of 12 properties, the average daily rate was Ps. $933, the occupancy rate was 37.0%, and the revenue per available room was Ps. $345. Total revenues for the quarter were Ps. $534 million. Lodging contribution 2 for the quarter was Ps. $165 million. Adjusted funds from operations ( AFFO ) 3 for the quarter were Ps. $92.4 million. FibraHotel will pay a distribution of Ps. $99 million, equivalent to 20.03 cents (Ps. $0.2003) per CBFI 4. 1 Includes 47 stabilized properties as of the December 31 st, 2015 plus the following seven hotels: One Monclova, Gamma Ciudad Obregón, Gamma León, Gamma Tijuana, Fiesta Inn Lofts Monclova, Fiesta Inn Lofts Querétaro y Camino Real Hotel & Suites Puebla. 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 and FibraHotel s administration expenses. Lodging contribution is not an IFRS figure. 3 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. 4 Calculated based on the number of outstanding CBFIs as of March 31 st, 2016, excluding the CBFIs issued that are not entitled to receive distributions until such properties are in operation. http://www.fibrahotel.com 1 @FibraHotel

As of March 31 st 2016, FibraHotel had a net cash position of Ps. $793 million, or Ps. $999 million including the reimbursement of VAT, and a Ps. $1,396 million indebtedness. Net debt position (including recoverable VAT) is Ps. $397 million. As of March 31 st 2016, total owner s equity of Ps. $9,504 million. The first quarter of 2016 continued with a positive trend for the stabilized hotels in our portfolio with a 12.7% RevPAR growth resulting from a 4.8% growth in average daily rate and a 444 basis point increase in occupancy. During the first months of 2016 we opened four hotels adding over 600 rooms in operation and announced our first Aloft hotel in Veracruz which is our second hotel with Starwood. We continue working to stabilize the hotels in ramp-up period and face a difficult environment with recently opened hotels exposed to the oil industry in the gulf region. The positive results from the stabilized portfolio are overshadowed from the limited contribution of recently opened hotels and with financial expenses from assets that do not yet contribute to results. All of this in the context of the weakest quarter cyclically in the year and with both weeks of Easter affecting the comparability of business hotels. The distribution for the first quarter will be 20.03 cents of Mexican Peso for each CBFI. said Simon Galante, CEO FibraHotel. said Simón Galante, CEO FibraHotel. Hotel # room 1 Fiesta Inn Culiacán 146 2 Fiesta Inn Durango 138 3 One Monterrey 126 4 One Acapulco 126 5 One Toluca 126 6 One Coatzacoalcos 126 7 Fiesta Inn Tepic 139 8 One Aguascalientes 126 9 Fiesta Inn Hermosillo 155 10 One Culiacán 119 11 Fiesta Inn Ecatepec 143 12 Fiesta Inn Perinorte 127 13 Fiesta Inn Nuevo Laredo 120 14 Fiesta Inn Naucalpan 119 15 Fiesta Inn Cuautitlán 128 16 Fiesta Inn Perisur 212 17 Camino Real Puebla 153 18 Fiesta Inn Chihuahua 152 19 Fiesta Inn Guadalajara 158 20 One Querétaro 126 21 Fiesta Inn Aguascalientes 125 22 Fiesta Inn Monterrey 161 23 Fiesta Inn Querétaro 175 24 Fiesta Inn Saltillo 149 25 One Patriotismo 132 26 Fiesta Inn Cd. Juárez 166 27 Fiesta Inn Mexicali 150 28 Fiesta Inn León 160 29 Fiesta Inn Monclova 121 30 Fiesta Inn Torreón 146 31 Real Inn Morelia 155 32 Camino Real Suites Puebla 121 33 One Tapatío 126 Sub-total 4,652 FibraHotel s portfolio as of April 20 th, 2016 FibraHotel s portfolio In operation Currently Actual (incl. GICSA) FibraHotel s portfolio (cont d) 66 hotels 80 hotels 85 hotels 1 9,120 rooms 10,973 rooms 11,723 rooms 1 59 27 40 77 15 12 64 14 38 45 46 25 74 75 16 63 9 73 11 Mexico City 51 56 57 67 18 1 10 26 2 71 In 26 states 41 42 29 30 24 60 3 78 74 65 20 38 70 47 7 58 8 21 34 36 17 80 19 33 2853 32 37 61 5 39 31 48 49 54 55 68 69 72 79 50 6 4 35 Note: Green represents properties under development.; (1) 5 remaining properties from GICSA with approximately 750 rooms 5 13 22 43 44 23 52 62 66 Hotel # room 34 Fiesta Inn Puebla Finsa 123 35 Fiesta Inn Oaxaca 145 36 One Puebla Finsa 126 37 Real Inn Guadalajara 197 38 Fiesta Inn Tlalnepantla 131 39 Fiesta Inn Toluca Tollocan 144 40 Real Inn Mexicali 158 41 Fiesta Inn Lofts Monclova 37 42 One Monclova 66 43 FA Grand Monterrey 180 44 Aqua Monterrey 74 45 Courtyard Vallejo 125 46 Fairfield Inn Vallejo 121 47 Fiesta Americana Ags 192 48 Fiesta Inn Xalapa 119 49 One Xalapa 126 50 Fairfield Inn Villahermosa 134 51 Fiesta Inn Cd. Obregon 141 52 Fiesta Inn Lofts Querétaro 50 53 Gamma León 159 54 Courtyard Cd. Del Carmen 133 55 Fiesta Inn Lofts Cd. Del Carmen 120 56 Gamma Valle Grande 135 57 Fairfield Inn Los Cabos 128 58 Fiesta Inn San Luis Potosi Oriente 140 59 Gamma Tijuana 140 60 Fairfield Inn Saltillo 139 61 AC Torre Americas Guadalajara 188 62 AC Antea Querétaro 175 63 One Perisur 144 64 Courtyard Toreo 130 65 Sheraton Ambassador Monterrey 229 66 Lat 20 Playa del Carmen 60 67 Fiesta Inn Los Mochis 124 68 Fiesta Inn Cuernavaca 155 69 One Cuernavaca 125 70 Fairfield Inn & Suites Juriquilla 134 71 One Durango 126 72 Aloft Veracruz 166 73 Fairfield Inn & Suites Nogales 134 74 Fiesta Inn Lofts Monterrey 48 75 Fiesta Inn Viaducto 178 76 Fiesta Inn Lofts Viaducto 91 77 One Cuautitlan 150 78 Fiesta Americana Pabellon M 178 79 Fiesta Inn Villahermosa 159 80 Fiesta Inn Puerto Vallarta 144 Sub-total 6,321 http://www.fibrahotel.com 2 @FibraHotel

Additional portfolio information: We signed an agreement for the select service hotel in Veracruz. The 166-room hotel will be operated by Starwood Hotels and Resorts under their Aloft brand. Renders of the Aloft Veracruz hotel During the quarter we opened four hotels from the development portfolio adding 613 rooms in operation. The Fairfield Inn & Suites Juriquilla hotel opened January 28 th, the One Durango hotel opened February 29 th, the AC by Marriott Querétaro hotel opened on March 22 nd and the Fiesta Americana Pabellón M hotel opened March 31 st. Additionally, the AC by Marriott Guadalajara Torre Américas hotel is in pre-operation. Development portfolio: As of April 20 th, 2016, FibraHotel had 13 hotels in different stages of development, plus other projects yet to be announced (including the GICSA transaction) and one hotel in pre-operation: Expected Number of Cost to FibraHotel (Ps. $ millions) Hotel State termination rooms under Invested as of Total date construction Mar 31 2016 Remaining 1 Fiesta Americana Grand Monterrey Nuevo Leon 180 Q2 2016 2 Live Aqua Monterrey Nuevo Leon 74 710.0 680.2 29.8 3 Fiesta Inn Lofts Monterrey Nuevo Leon Q3 2016 48 48.0 14.4 33.6 4 Fairfield Inn & Suites Nogales Sonora Q3 2016 134 120.0 31.9 88.1 5 One Cuautilan Mexico Q3 2016 150 110.0 29.6 80.4 6 Courtyard Vallejo Mexico 125 Q4 2016 7 Fairfield Inn & Suites Vallejo Mexico 121 290.0 81.1 208.9 8 Fiesta Inn Los Mochis Sinaloa Q4 2016 124 112.5 47.3 65.2 9 Fiesta Inn La Isla Puerto Vallarta Jalisco Q4 2016 144 150.0 47.0 103.0 10 Courtyard Toreo DF Q1 2017 130 45.5 0.3 45.2 11 Aloft Veracruz Veracruz 1H 2017 166 188.3 39.1 149.2 12 Fiesta Inn Lofts Viaducto DF Q4 2017 91 13 Fiesta Inn Viaducto DF Q4 2017 178 335.0 51.6 283.4 Otros, GICSA y cierres en proceso 228.6 117.4 Total 1,665 2,109.3 1,251.1 1,204.2 Note: Courtyard Toreo only includes the cash to be paid (total of Ps. $165mm). The investment in One Cuautitlan excludes the retain component http://www.fibrahotel.com 3 @FibraHotel

- Trébol Monterrey (Fiesta Americana Grand y Live Aqua): The 180-room full-service Fiesta Americana Grand and the 74-room luxury Live Aqua hotels will be operated by Grupo Posadas and are located inside the Trebol Monterrey mixed use project. The hotel building is complete and the office and retail components of the mixed use project are still under construction. The Fiesta Americana Grand hotel is finishing equipment and detailing in public areas to begin pre-operation. The Live Aqua hotel is in equipment phase with detailing in rooms and public areas. - Fiesta Inn Lofts Monterrey: The 48-room extended stay Fiesta Inn Lofts hotel is located next to the Paseo La Fe shopping center and will be operated by Grupo Posadas. The hotel is adjacent to the Fiesta Inn La Fe Monterrey hotel with which it will share public areas. The Lofts building structure has all concrete slabs with work on the façade and masonry about to conclude. Installations have started inside the building. The estimated opening will be during the third quarter of 2016. - Fairfield Inn & Suites Nogales: The 134-room limited-service hotel is located inside the Mall Nogales shopping center and will be operated by Marriott International. The structure of building is complete with works on the façade, masonry and beginning installations. The estimated opening will be during the third quarter of 2016. - One Cuautitlan Izcalli: The 150-room limited-service hotel is located inside the San Marcos Power Center and will be operated by Grupo Posadas. The structure is almost complete with two slabs remaining and masonry under way. The estimated opening will be during the third quarter of 2016. - Via Vallejo (Courtyard and Fairfield Inn & Suites Vallejo): The 125-room select-service Courtyard hotel and the 121-room limited-service Fairfield Inn & Suites hotels will be operated by Marriott International, and will be located in the Via Vallejo mixed use project. The structure of the hotels is under process with the metallic structure finished and slabs remaining on a couple of floors. Work in the façade and masonry are under way and installations are beginning. The estimated opening of the hotels will be during the fourth quarter of 2016. - Fiesta Inn Los Mochis: The 124-room select-service Fiesta Inn hotel is located inside the Paseo Los Mochis shopping center and will be operated by Grupo Posadas. The hotel foundations are finished with work in process on the structure and beginning masonry works. The estimated opening is by the end of 2016. http://www.fibrahotel.com 4 @FibraHotel

- Fiesta Inn La Isla Puerto Vallarta: The 144-room select-service hotel is located inside the La Isla Puerto Vallarta shopping center and will be operated by Grupo Posadas. The hotel structure is in process. The estimated opening is by the end of 2016. - Courtyard Toreo: The 130-room select-service Courtyard hotel will be operated by Marriott International and is located in Mexico City. The structure of the building is under process with installation of the metallic structure. The hotel includes seven parking levels over which the hotel will be developed. The estimated opening is during the first quarter of 2017. - Aloft Veracruz: The 166-room select-service hotel in Boca del Río Veracruz will be operated by Starwood Hotels and Resorts under their Aloft brand. This hotel represents FibraHotel s first property under the Aloft brand and the second with Starwood. The buildings foundations are in process. The estimated public opening is during the first quarter of 2017. - Via 515 (Fiesta Inn Viaducto and Fiesta Inn Lofts Viaducto): The 178-room select-service Fiesta Inn hotel and the 91-room extended stay Fiesta Inn Lofts hotels will be operated by Grupo Posadas and will be located in the Via 515 mixed use project. The project is currently in the process of obtaining permits and licenses, and has an estimated opening by the end of 2017. http://www.fibrahotel.com 5 @FibraHotel

FibraHotel s Portfolio as of March 31 st, 2016 Hotels in operation Hotel State Rooms Operator Brand Segment Selected-Service Hotels - Managed 1 Fiesta Inn Aguascalientes Aguascalientes 125 Grupo Posadas Fiesta Inn Selected-Service 2 Fiesta Inn Ciudad Juárez Chihuahua 166 Grupo Posadas Fiesta Inn Selected-Service 3 Fiesta Inn Ciudad Obregón Sonora 141 Grupo Posadas Fiesta Inn Selected-Service 4 Fiesta Inn Chihuahua Chihuahua 152 Grupo Posadas Fiesta Inn Selected-Service 5 Fiesta Inn Cuernavaca Morelos 155 Grupo Posadas Fiesta Inn Selected-Service 6 Fiesta Inn Culiacán Sinaloa 146 Grupo Posadas Fiesta Inn Selected-Service 7 Fiesta Inn Durango Durango 138 Grupo Posadas Fiesta Inn Selected-Service 8 Fiesta Inn Ecatepec State of Mexico 143 Grupo Posadas Fiesta Inn Selected-Service 9 Fiesta Inn Guadalajara Expo Jalísco 158 Grupo Posadas Fiesta Inn Selected-Service 10 Fiesta Inn Hermosillo Sonora 155 Grupo Posadas Fiesta Inn Selected-Service 11 Fiesta Inn León Guanajuato 160 Grupo Posadas Fiesta Inn Selected-Service 12 Fiesta Inn Mexicali BCN 150 Grupo Posadas Fiesta Inn Selected-Service 13 Fiesta Inn Monclova Coahuila 121 Grupo Posadas Fiesta Inn Selected-Service 14 Fiesta Inn Monterrey La Fe (2) Nuevo Leon 161 Grupo Posadas Fiesta Inn Selected-Service 15 Fiesta Inn Naucalpan State of Mexico 119 Grupo Posadas Fiesta Inn Selected-Service 16 Fiesta Inn Nuevo Laredo Tamaulipas 120 Grupo Posadas Fiesta Inn Selected-Service 17 Fiesta Inn Oaxaca Oaxaca 145 Grupo Posadas Fiesta Inn Selected-Service 18 Fiesta Inn Perinorte (1) (2) State of Mexico 127 Grupo Posadas Fiesta Inn Selected-Service 19 Fiesta Inn Puebla FINSA Puebla 123 Grupo Posadas Fiesta Inn Selected-Service 20 Fiesta Inn Querétaro Querétaro 175 Grupo Posadas Fiesta Inn Selected-Service 21 Fiesta Inn Saltillo Coahuila 149 Grupo Posadas Fiesta Inn Selected-Service 22 Fiesta Inn San Luis Potosí Oriente San Luis Potosí 140 Grupo Posadas Fiesta Inn Selected-Service 23 Fiesta Inn Tepic Nayarit 139 Grupo Posadas Fiesta Inn Selected-Service 24 Fiesta Inn Tlalnepantla State of Mexico 131 Grupo Posadas Fiesta Inn Selected-Service 25 Fiesta Inn Torreón Galerías Coahuila 146 Grupo Posadas Fiesta Inn Selected-Service 26 Fiesta Inn Toluca Tollocan State of Mexico 144 Grupo Posadas Fiesta Inn Selected-Service 27 Fiesta Inn Villahermosa Tabasco 159 Grupo Posadas Fiesta Inn Selected-Service 28 Fiesta Inn Xalapa Veracruz 119 Grupo Posadas Fiesta Inn Selected-Service 29 Real Inn Guadalajara Centro (1) Jalisco 197 Grupo Real Turismo Real Inn Selected-Service 30 Real Inn Morelia Michoacan 158 Grupo Real Turismo Real Inn Selected-Service 31 Real Inn Mexicali (1) BCN 155 Grupo Real Turismo Real Inn Selected-Service 32 Gamma Ciudad Obregón Sonora 135 Grupo Posadas Gamma Selected-Service 33 Gamma León Guanajuato 159 Grupo Posadas Gamma Selected-Service 34 Gamma Tijuana (1) BCN 140 Grupo Posadas Gamma Selected-Service 35 Courtyard Ciudad del Carmen Campeche 133 Marriott Int'l Courtyard Selected-Service Sub Total 5,084 Limited-Service Hotels - Managed 36 One Acapulco Costera (1) Guerrero 126 Grupo Posadas One Limited-Service 37 One Aguascalientes Sur (1) Aguascalientes 126 Grupo Posadas One Limited-Service 38 One Coatzacoalcos Forum Veracruz 126 Grupo Posadas One Limited-Service 39 One Cuernavaca Morelos 125 Grupo Posadas One Limited-Service 40 One Culiacán Forum Sinaloa 119 Grupo Posadas One Limited-Service 41 One Durango Durango 126 Grupo Posadas One Limited-Service 42 One Guadalajara Tapatío Jalisco 126 Grupo Posadas One Limited-Service 43 One Monclova Coahuila 66 Grupo Posadas One Limited-Service 44 One Monterrey Aeropuerto (1) Nuevo León 126 Grupo Posadas One Limited-Service 45 One Puebla FINSA Puebla 126 Grupo Posadas One Limited-Service 46 One Querétaro Plaza Galerías Querétaro 126 Grupo Posadas One Limited-Service 47 One Toluca Aeropuerto State of Mexico 126 Grupo Posadas One Limited-Service 48 One Ciudad de México Patriotismo Mexico City 132 Grupo Posadas One Limited-Service 49 One Perisur Mexico City 144 Grupo Posadas One Limited-Service 50 One Xalapa Veracruz 126 Grupo Posadas One Limited-Service 51 Fairfield Inn & Suites Juriquilla Querétaro 134 Marriott Int'l Fairfield Inn Limited-Service 52 Fairfield Inn Los Cabos BCS 128 Marriott Int'l Fairfield Inn Limited-Service 53 Fairfield Inn & Suites Saltillo Coahuila 139 Marriott Int'l Fairfield Inn Limited-Service 54 Fairfield Inn & Suites Villahermosa Tabasco 134 Marriott Int'l Fairfield Inn Limited-Service Sub Total Portfolio Limited-Service 2,381 Full-Service Hotels - Managed 55 Fiesta Americana Aguascalientes (1) Aguascalientes 192 Grupo Posadas Fiesta Americana Full-Service 56 Fiesta Americana Pabellón M Nuevo León 178 Grupo Posadas Fiesta Americana Full-Service 57 Camino Real Puebla Puebla 153 Grupo Real Turismo Camino Real Full-Service 58 Sheraton Ambassador Monterrey (1) Nuevo León 229 Starwood Sheraton Full-Service 59 AC by Marriott Antea Querétaro Querétaro 175 Marriott Int'l AC by Marriott Full-Service Sub Total 927 Full-Service / Extended-Stay Hotels - Managed 60 Camino Real Hotel & Suites Puebla Puebla 121 Grupo Real Turismo CR Hotel & Suites Extended-Stay 61 Fiesta Inn Lofts Ciudad del Carmen Campeche 120 Grupo Posadas Fiesta Inn Lofts Extended-Stay 62 Fiesta Inn Lofts Monclova Coahuila 37 Grupo Posadas Fiesta Inn Lofts Extended-Stay 63 Fiesta Inn Lofts Querétaro Querétaro 50 Grupo Posadas Fiesta Inn Lofts Extended-Stay Sub Total 328 Leased Hotels 64 Fiesta Inn Cuautitlan State of Mexico 128 Grupo Posadas Fiesta Inn Selected-Service 65 Fiesta Inn Perisur Mexico City 212 Grupo Posadas Fiesta Inn Selected-Service 66 Lat20 by Live Aqua (ex-cacao) (2) Quintana Roo 60 Grupo Posadas Lat20 by Live Aqua Full-Service Sub Total 400 Total Operating Hotels as of March 31, 2016 9,120 (1) Includes retail component (2) Hotel in renovation process during the quarter In blue: non stabilized hotels http://www.fibrahotel.com 6 @FibraHotel

Selected quarterly information The following table shows the main financial indicators for the last quarters 5 : (In thousand pesos except per CBFI data) 2Q 2015 3Q 2015 4Q 2015 1Q 2016 2016 LTM Total revenues 501,298 504,201 553,473 533,516 2,092,488 Revenues - Managed hotels 482,396 484,188 534,528 514,921 2,016,033 % of total revenues 96.2% 96.0% 96.6% 96.5% 96.3% Lodging contribution 162,275 168,992 189,258 165,387 685,911 Margin 32.4% 33.5% 34.2% 31.0% 32.8% Lodging contribution - Managed hotels 143,373 148,978 170,317 146,792 609,461 Margin 29.7% 30.8% 31.9% 28.5% 30.2% Net Operating Income 155,262 162,240 180,881 156,814 655,197 Margin 31.0% 32.2% 32.7% 29.4% 31.3% EBITDA 119,987 125,852 145,572 118,324 509,735 Margin 23.9% 25.0% 26.3% 22.2% 24.4% Consolidated net (loss) income 76,856 65,894 32,746 57,093 232,589 Margin 15.3% 13.1% 5.9% 10.7% 11.1% Funds From Operation 124,764 114,091 102,397 115,111 456,362 FFO / CBFI with economic rights 0.2524 0.2308 0.2072 0.2329 0.9233 Adjusted Funds From Operation 106,841 105,807 115,261 92,363 420,272 AFFO / CBFI with economic rights 0.2162 0.2141 0.2332 0.1869 0.8503 Distribution 108,940 106,428 117,659 98,981 432,008 Distribution / CBFI with economic rights 0.2204 0.2153 0.2380 0.2003 0.8740 Financial Debt - - 852,467 1,395,933 1,395,933 Net Debt - - 475,642 603,260 603,260 Net Debt / LTM EBITDA n.a. n.a. 1.0 x 1.2 x 1.2 x Loan to Value n.a. n.a. 7.9% 12.4% 12.4% 5 Lodging Contribution, NOI, EBITDA, FFO and AFFO are not IFRS figures. http://www.fibrahotel.com 7 @FibraHotel

Results for the first quarter of 2016 FibraHotel started the quarter with 62 hotels in operation and ended the quarter with 66 hotels in operation thanks to the opening of the Fairfield Inn & Suites Juriquilla, One Durango, AC by Marriott Antea Querétaro and Fiesta Americana Pabellón M hotels. Total Revenues During this period, FibraHotel s total revenues were Ps. $534 million: Ps. $420 million of room rentals (78.8% of total revenues). Ps. $91.5 million of food and beverage (17.1% of total revenues). Ps. $18.6 million for the lease of (i) three hotels 6 and (ii) retail and other leases in hotel properties (combined, 3.5% of total revenues). Ps. $3.2 million (0.6% of total revenues) corresponded to other revenues. Compared with the first quarter of 2015, total revenues increased by 18.8%. Costs and General Expenses During this period, FibraHotel s costs and general expenses were Ps. $368 million: Ps. $234 million of administrative costs and expenses including the payment of the operators fees (63.6% of costs and general expenses). Ps. $79.2 million of room expenses (21.5% of costs and general expenses). Ps. $54.8 million of food and beverage expenses (14.9% of costs and general expenses). Lodging Contribution Lodging contribution was Ps. $165 million, representing 31.0% of total revenues: Ps. $147 million corresponded to managed hotels (the margin was 28.5%, versus 29.7% for the first quarter of 2015, even though we had a larger number of hotels in ramp-up period during the first quarter of 2016). o It is noteworthy that, on one hand, margin of stabilized hotels is 30.1% and that on other hand, hotels in ramp-up period generated positive results. Lodging contribution margin of Ps. $147 million split between stabilized hotels in rampup period is as follows: 6 Leased hotels for the quarter are Fiesta Inn Cuautitlan, Fiesta Inn Perisur and Lat20 by LiveAqua. http://www.fibrahotel.com 8 @FibraHotel

Ps. $ thousand Stabilized Ramp-up Total Total Revenues 479,705 35,216 514,921 % of Total Revenues 93.2% 6.8% 100.0% Lodging Contribution 144,475 2,318 146,792 Margin 30.1% 6.6% 28.5% Ps. $18.6 million corresponded to leases and other revenues (100% margin). Compared with the first quarter of 2015, the lodging contribution increased by 10.5%. Operating Profit Other operating expenses of Ps. $105 million consisted of: (i) real estate expenses of Ps. $8.6 million; (ii) administrative expenses of Ps. $12.4 million; (iii) advisory fee of Ps. $26.1 million; and (iv) depreciation of Ps. $58.0 million. The operating profit was Ps. $60.3 million, or 11.3% of total revenues. Compared with the first quarter of 2015, the operating profit increased by 2.2%. Adjusted Operating Profit During the fourth quarter, FibraHotel had Ps. $4.4 million of non-operating expenses, which corresponded mainly to one-time expenses related to hotel acquisitions and developments, including transaction taxes, appraisals and technical audits, and pre-operating expenses, among others. The adjusted operating profit was Ps. $55.9 million. Compared with the first quarter of 2015, the operating profit increased by 24.1%. Comprehensive Financial Cost FibraHotel closed the quarter with a cash position of Ps. $603 million (total indebtedness amounting to Ps. $1,396 million). During the quarter, the debt position generated a financing cost of Ps. $13.8 million. In accordance with the IFRS, financing costs related to development projects are capitalized as part of the investment in each project. During the first quarter of 2016, approximately 80% of the indebtedness was linked with development projects, therefore the Ps. $11.4 million of interests were capitalized (the actual interest payment was 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. http://www.fibrahotel.com 9 @FibraHotel

During the quarter, the comprehensive financial cost was (Ps. $2.1 million), of which (Ps. $1.4 million) correspond to fees related with the BBVA Bancomer credit line drawdown. Consolidated Net Income The consolidated net income was Ps. $57.1 million. Adjusted funds from operation ( AFFO ) 7 During the first quarter of 2016, FibraHotel generated adjusted funds from operation of Ps. $92.4 million: Ps. $ thousand 1Q 2016 1Q 2015 Variation Consolidated net (loss) income 57,093 61,080-6.5% (+) Depreciation 58,017 48,026 Funds From Operation 115,111 109,107 5.5% (-) Maintenance CAPEX (27,154) (21,995) (+) Non operating result adjustments 4,406 13,952 Adjusted Funds From Operation 92,363 101,064-8.6% 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 first quarter of 2016, FibraHotel had the following key cash flow items: FibraHotel had a net operating cash flow excluding activities from hotel operations of Ps. $120 million. Taking into account the cash flow related to investment activities, such as non-operating expenses, payment and reimbursement of VAT related to hotels acquisition / development, among others, the net cash flow from operations was Ps. $207 million. The net cash flow from investment activities was a negative (Ps. $201 million), mainly due to: (i) disbursements related to the development portfolio of (Ps. $154 million), (ii) capital expenditures during the quarter of (Ps. $49.7 million), and (iii) interest generated from our cash position of Ps. $2.6 million. Payments related to development portfolio are as follows: o Trebol Project (two hotels in Monterrey): Ps. $39.8 million o Pabellón M in Monterrey: Ps. $26.6 million 7 FFO and AFFO are not IFRS figures. http://www.fibrahotel.com 10 @FibraHotel

o AC by Marriott hotels (Guadalajara and Querétaro): Ps. $21.6 million o Vallejo Project (two hotels in Mexico City): Ps. $11.6 million o Fairfield Inn & Suites Nogales: Ps. $9.8 million o Fiesta Inn Los Mochis: Ps. $7.6 million o Other development projects announced or to be announced: Ps. $36.8 million The net cash flow from financing activities was Ps. $416 million, mostly related to the drawdown of the credit lines for Ps. $543 million, the payment of the distribution of the fourth quarter of 2015 (Ps. $118 million) and disbursement related to the acquisition of derivatives instruments and to interests payment (Ps. $15.9 million). Financial position FibraHotel ended the first quarter of 2016 with: A net cash position including recoverable VAT of Ps. $999 million (VAT recoverable totaled Ps. $206 million). Excluding recoverable VAT, FibraHotel had a cash position of Ps. $793 million compared to Ps. $377 million as of December 31 st, 2015. A Ps. $1,396 million indebtedness. As of December 31 st, 2015 FibraHotel had a Ps. $852 million indebtedness. Net debt position (including recoverable VAT) is Ps. $397 million. Approximately Ps. $604 million of available credit lines. The following table presents a detailed status of FibraHotel s cash position: Ps. $ thousand 1Q 2016 Comentario Cash, cash equivalents and restricted cash 792,673 Available cash and cash equiv. - Operation Restricted cash and cash equiv. - Operation Available cash and cash equiv. - Investment 270,256 Hotels' working capital 30,565 Available for maintenance CapEx 491,853 Cash available for investment Cash position without restricted cash 762,109 The following table presents a detailed status of FibraHotel s debt position: http://www.fibrahotel.com 11 @FibraHotel

Ps. $ thousand 1Q 2016 Currency Interest rate Maturity BBVA Bancomer 180,000 MXN TIIE 28d + 150bps oct-27 BBVA Bancomer 123,133 MXN TIIE 28d + 150bps oct-27 BBVA Bancomer 153,400 MXN TIIE 28d + 150bps oct-27 Banorte 283,067 MXN TIIE 91d + 125bps* sep-24 Banorte 112,867 MXN TIIE 91d + 125bps* sep-24 BBVA Bancomer 202,400 MXN TIIE 28d + 150bps nov-27 BBVA Bancomer 341,067 MXN TIIE 28d + 150bps nov-27 Total debt position 1,395,933 * In November 2016, the spread of the Banorte debt will increase 200bps The following table presents a detailed of the debt payment schedule of FibraHotel s debt position (in Ps. $ thousand): Year Payment % 2016 7,849 0.6% 2017 117,171 8.4% 2018 124,833 8.9% 2019 128,809 9.2% 2020 132,998 9.5% 2021 and after 884,274 63.3% Total 1,395,933 100.0% As of March 31 st, 2016, and according to our credit contracts, FibraHotel contracted several derivative instruments in order to cover the variation of the TIIE rate. These three instruments were linked with the disbursements made from the BBVA Bancomer line. The instrument cost was paid up-front, and they have a 5-year maturity and with the following characteristics: Ps. $ thousand Disposal Type Strike Limit BBVA Bancomer 180,000 Cap Spread 5% 9% BBVA Bancomer 123,133 Cap Spread 5% 9% BBVA Bancomer 153,400 Cap Spread 5% 9% BBVA Bancomer 202,400 Cap Spread 5% 9% BBVA Bancomer 341,067 Cap Spread 5% 7% For example, regarding the Cap Spread 5% / 9% If TIIE is below 5.0%, FibraHotel pays TIIE. If TIIE is between 5.0% and 9.0%, FibraHotel pays TIIE equal to 5.0%. If TIIE is above 9.0%, FibraHotel pays TIIE less 4.0%. http://www.fibrahotel.com 12 @FibraHotel

Regulation applicable to FIBRAs Leverage level FibraHotel ended the first quarter of 2016 with a Ps. $1,396 million indebtedness and total assets value of Ps. $11,272 million, resulting in a 12.4% 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 March 31 st, 2016, the debt service coverage ratio for FibraHotel was 1.2x, complying with the required regulation of >1.0x. 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. $211 million. o Estimated capital expenditures (maintenance): Ps. $226 million. o Estimated non-discretionary capital expenditures: Ps. $1,204 million. Available resources: o Cash and cash equivalents (excluding restricted cash): Ps. $762 million. o VAT recoverable: Ps. $206 million. o Estimated operating result after distribution payment (including depreciation and interest s income): Ps. $437 million. o Available credit facilities: Ps. $604 million. Capital Expenditures ( CapEx ) As of March 31 st, 2016, the available maintenance capital expenditures reserve was Ps. $30.6 million compared with Ps. $37.5 million as of December 31 st, 2015. 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 first quarter of 2016, FibraHotel had the following relevant capital expenditures: Maintenance CapEx: Ps. $20.9 million. http://www.fibrahotel.com 13 @FibraHotel

CapEx investment in hotel repositioning: FibraHotel constantly analyzes opportunities to make capital investments in hotels which have an opportunity to increase cash flows. During the first quarter of 2016, FibraHotel invested Ps. $28.8 million in renovation and repositioning CapEx. Renovation CapEx was mainly invested in the following hotels: o o o o Sheraton Ambassador Monterrey: (i) improvements in rooms, (ii) improvements in hallways, and (iii) improvements in common areas. The project has a budget of USD 5.0 million of which Ps. $65.5 million has been invested as of March 31 st, 2016 (Ps. $4.7 million during the first quarter). Fiesta Inn Perinorte: (i) improvements in rooms, (ii) improvements in hallways, and (iii) improvements in common areas. The project has a budget of Ps. $24.8 million of which Ps. $19.9 million has been invested as of March 31 st, 2016 (Ps. $8.8 million during the first quarter). The renovation will conclude during the second quarter of 2016. Lat20 by Live Aqua: improvements in common areas. The project has a budget of Ps. $26.3 million of which Ps. $15.9 million has been invested as of March 31 st, 2016 (Ps. $6.9 million during the first quarter). Fiesta Inn Monterrey La Fe: improvements in common areas. The project has a budget of Ps. $17.4 million of which Ps. $10.1 million has been invested as of March 31 st, 2016 (Ps. $5.9 million during the first quarter). The renovation will conclude during the second quarter of 2016. Distribution corresponding to the first quarter of 2016 8 FibraHotel looks to generate value for its certificate holders, and therefore on April 19 th, 2016, FibraHotel s Technical Committee approved a distribution of Ps. $99.0 million, equivalent to 20.03 cents (Ps. $0.2003) 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 January 1 st and March 31 st, 2016. The distribution will be paid on May 6 th, 2016. The distribution payment is broken as follows 9 : 8 This Press Release is not a Distribution Notice 9 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 (499,401,766 5,128,205 = 494,273,561) http://www.fibrahotel.com 14 @FibraHotel

Amount Concept per CBFI Total Ps. $ Ps. $ million Taxable Income 0.0187 9.2 Depreciation 0.1816 89.8 Total 0.2003 99.0 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. Corporate Governance On April 19 th, 2016, there was an Audit Committee, a Practice Committee and a Technical Committee meeting for the approval of the 2016 first 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. http://www.fibrahotel.com 15 @FibraHotel

Operating Highlights of FibraHotel s Portfolio The following graph shows the quarterly evolution, from the first fourth quarter of 2014 to the first quarter of 2016, of the ADR, the occupancy rate and the RevPAR for the 54 stabilized hotels of the portfolio. 63.4% 64.0% 65.5% 67.2% 62.9% 58.4% 904 928 933 910 941 972 573 542 597 596 633 611 T4 2014 T1 2015 T2 2015 T3 2015 T4 2015 T1 2016 ADR RevPAR Occupancy FibraHotel s total portfolio of 66 hotels in operation reported the following during the first quarter of 2016: Occupancy rate of 59.4% ADR of Ps. $968 RevPAR of Ps. $575 The following tables show selected operating information of FibraHotel s hotels in operation for the first quarter of 2016: 2016 Initial Portfolio: includes 54 stabilized hotels in operation as of March 31 st, 2016 (includes the 47 hotels of the Total Portfolio of stabilized hotels as of December 31 st, 2015 plus the following seven hotels: One Monclova, Gamma Ciudad Obregón, Gamma León, Gamma Tijuana, Fiesta Inn Lofts Monclova, Fiesta Inn Lofts Querétaro y Camino Real Hotel & Suites Puebla). 2016 Initial Port. (54H) T1 2016 T1 2015 T4 2015 Ocupancy 62.9% 58.4% 67.2% ADR 972 928 941 RevPAR 611 542 633 2016 Initial Port. (54H) 2016 LTM FY 2015 Ocupancy 64.9% 63.8% ADR 939 928 RevPAR 609 592 http://www.fibrahotel.com 16 @FibraHotel

The change in RevPAR between: The first quarter of 2015 and the first quarter of 2016 is +12.7%. The full year 2015 and last 12-month period (from April 2015 to March 2016) is +2.9%. The following table shows certain operating information by segment for the hotels in operation for the fourth quarter of the years 2014, 2015 and 2016: Total Portfolio of Stabilized Hotels (54H) Total Portfolio (66H) 1 st Quarter 2014 1 st Quarter 2015 1 st Quarter 2016 1 st Quarter 2016 Segment Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Limited-Service 57.2% $ 706 $ 404 58.4% $ 762 $ 445 60.5% $ 787 $ 476 55.4% $ 805 $ 446 Selected-Service 57.6% $ 942 $ 542 59.5% $ 954 $ 568 64.6% $ 993 $ 642 62.7% $ 992 $ 622 Full-Service 55.5% $ 1,034 $ 574 53.7% $ 1,131 $ 607 54.7% $ 1,266 $ 693 53.6% $ 1,290 $ 691 Extended-Stay 7.5% $ 846 $ 64 44.4% $ 1,037 $ 461 60.7% $ 1,065 $ 647 43.8% $ 1,039 $ 455 Total 57.0% $ 900 $ 513 58.4% $ 928 $ 542 62.9% $ 972 $ 611 59.4% $ 968 $ 575 Vs. previous year (1.6 pp) 3.6% 0.8% 1.5 pp 3.0% 5.7% 4.4 pp 4.8% 12.7% The following table shows certain operating information by region 10 for the hotels in operation for the fourth quarter of the years 2014, 2015 and 2016: Total Portfolio of Stabilized Hotels (54H) Total Portfolio (66H) 1 st Quarter 2014 1 st Quarter 2015 1 st Quarter 2016 1 st Quarter 2016 Region Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Northwest 56.3% $ 898 $ 506 59.5% $ 935 $ 556 63.5% $ 961 $ 610 63.4% $ 955 $ 605 Northeast 57.8% $ 843 $ 487 59.4% $ 841 $ 499 59.3% $ 953 $ 566 57.2% $ 952 $ 544 Center and South 57.9% $ 927 $ 536 57.8% $ 961 $ 556 62.9% $ 994 $ 626 57.6% $ 988 $ 569 West 51.6% $ 829 $ 427 57.7% $ 854 $ 492 67.2% $ 895 $ 602 67.2% $ 895 $ 602 Total 57.0% $ 900 $ 513 58.4% $ 928 $ 542 62.9% $ 972 $ 611 59.4% $ 968 $ 575 Vs. previous year (1.6 pp) 3.6% 0.8% 1.5 pp 3.0% 5.7% 4.4 pp 4.8% 12.7% The following table shows FibraHotel s Total Portfolio distribution (66 hotels) as of March 31 st, 2016 by segment, region, number of hotels and rooms: SEGMENT Hotels Rooms REGION Hotels Rooms # % # % # % # % Limited-Service 19 28.8% 2,381 26.1% Center and South 38 57.6% 5,177 56.8% Selected-Service 37 56.1% 5,424 59.5% Northeast 11 16.7% 1,472 16.1% Full-Service 6 9.1% 987 10.8% Northwest 13 19.7% 1,851 20.3% Extended-Stay 4 6.1% 328 3.6% West 4 6.1% 620 6.8% TOTAL 66 100.0% 9,120 100.0% TOTAL 66 100.0% 9,120 100.0% 10 Northwest corresponds to the following states: Baja California Norte, Baja California Sur, 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, Campeche, Mexico City, State of Mexico, Guanajuato, Guerrero, Michoacán, Morelos, Oaxaca, Puebla, Querétaro, Quintana Roo, San Luis Potosí, Tabasco and Veracruz. West corresponds to the following states: Jalisco and Nayarit. http://www.fibrahotel.com 17 @FibraHotel

Quarterly Operating Portfolio Highlights (excluding leased hotels) Year 2016 Available Occupied Room Revenues Occup. Rooms Rooms Ps. $ Million ADR RevPAR 1st quarter 750,630 442,090 58.9% $ 420.3 $ 951 $ 560 2nd quarter - - 0.0% $ - $ - $ - 3rd quarter - - 0.0% $ - $ - $ - 4th quarter - - 0.0% $ - $ - $ - Total 750,630 442,090 58.9% $ 420.3 $ 951 $ 560 Timeline of hotel additions generating room revenue by month during 2016 (managed hotels): January: includes the 60 managed hotels as of December 31 st, 2015 less Lat20 by Live Aqua (ex-cacao, now hotel under lease contract) and Fairfield Inn & Suites Juriquilla is added to the portfolio (opening). February: The One Durango hotel (opening) id added to the portfolio. March: The AC by Marriott Antea Querétaro and the Fiesta Americana Pabellón M are added to the portfolio (opening). http://www.fibrahotel.com 18 @FibraHotel

FibraHotel s Portfolio evolution by quarter: Hotels and Rooms Acquisition Number of rooms at end of period % of SELECTED SERVICE - MANAGED Date 2012 2013 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 1Q 2016 rooms 1 * Fiesta Inn Aguascalientes 21/01/2013 125 125 125 125 125 125 125 1.4% 2 * Fiesta Inn Ciudad Juárez 21/01/2013 166 166 166 166 166 166 166 1.8% 3 * Fiesta Inn Ciudad Obregón 07/04/2014 123 141 141 141 141 141 1.5% 4 * Fiesta Inn Chihuahua 21/01/2013 152 152 152 152 152 152 152 1.7% 5 * Fiesta Inn Cuernavaca 15/12/2014 155 155 155 155 155 155 1.7% 6 * Fiesta Inn Culiacán 01/12/2012 142 142 146 146 146 146 146 146 1.6% 7 * Fiesta Inn Durango 01/12/2012 138 138 138 138 138 138 138 138 1.5% 8 * Fiesta Inn Ecatepec 01/12/2012 143 143 143 143 143 143 143 143 1.6% 9 * Fiesta Inn Guadalajara 21/01/2013 158 158 158 158 158 158 158 1.7% 10 * Fiesta Inn Hermosillo 01/12/2012 155 155 155 155 155 155 155 155 1.7% 11 * Fiesta Inn León 21/01/2013 160 160 160 160 160 160 160 1.8% 12 * Fiesta Inn Mexicali 21/01/2013 150 150 150 150 150 150 150 1.6% 13 * Fiesta Inn Monclova 28/02/2013 121 121 121 121 121 121 121 1.3% 14 * Fiesta Inn Monterrey 21/01/2013 161 161 161 161 161 161 161 1.8% 15 * Fiesta Inn Naucalpan 01/12/2012 119 119 119 119 119 119 119 119 1.3% 16 * Fiesta Inn Nuevo Laredo 01/12/2012 120 120 120 120 120 120 120 120 1.3% 17 * Fiesta Inn Oaxaca 05/07/2013 145 145 145 145 145 145 145 1.6% 18 * Fiesta Inn Perinorte 01/12/2012 123 123 123 123 127 127 127 127 1.4% 19 * Fiesta Inn Puebla FINSA 03/07/2013 123 123 123 123 123 123 123 1.3% 20 * Fiesta Inn Querétaro 21/01/2013 175 175 175 175 175 175 175 1.9% 21 * Fiesta Inn Saltillo 21/01/2013 149 149 149 149 149 149 149 1.6% 22 * Fiesta Inn San Luis Potosi Oriente 21/07/2014 140 140 140 140 140 140 1.5% 23 * Fiesta Inn Tepic 01/12/2012 139 139 139 139 139 139 139 139 1.5% 24 * Fiesta Inn Tlalnepantla 24/06/2013 131 131 131 131 131 131 131 1.4% 25 * Fiesta Inn Torreón 19/12/2012 146 146 146 146 146 146 146 146 1.6% 26 * Fiesta Inn Toluca 30/04/2013 144 144 144 144 144 144 144 1.6% 27 Fiesta Inn Villahermosa 02/12/2015 159 159 1.7% 28 * Fiesta Inn Xalapa 27/03/2014 119 119 119 119 119 119 1.3% 29 * Real Inn Guadalajara 01/08/2013 197 197 197 197 197 197 197 2.2% 30 * Real Inn Mexicali 01/07/2013 158 158 158 158 158 158 158 1.7% 31 * Real Inn Morelia 01/03/2013 155 155 155 155 155 155 155 1.7% 32 * Gamma Ciudad Obregón (Valle Grande) 30/05/2014 135 135 135 135 135 135 1.5% 33 * Gamma León (Fussion 5) 22/05/2014 159 159 159 159 159 159 1.7% 34 * Gamma Tijuana (Lausana Tijuana) 27/07/2014 140 140 140 140 140 140 1.5% 35 Courtyard Ciudad del Carmen 25/11/2015 133 133 1.5% Subtotal 1,225 3,795 4,770 4,788 4,792 4,792 5,084 5,084 55.7% LIMITED SERVICE - MANAGED 36 * One Acapulco 01/12/2012 126 126 126 126 126 126 126 126 1.4% 37 * One Aguascalientes 01/12/2012 126 126 126 126 126 126 126 126 1.4% 38 * One Coatzacoalcos 01/12/2012 126 126 126 126 126 126 126 126 1.4% 39 One Cuernavaca 15/12/2014 125 125 125 125 125 125 1.4% 40 * One Culiacán 01/12/2012 119 119 119 119 119 119 119 119 1.3% 41 One Durango 29/02/2016 126 1.4% 42 * One Guadalajara Tapatío 24/06/2013 126 126 126 126 126 126 126 1.4% 43 * One Xalapa 27/03/2014 126 126 126 126 126 126 1.4% 44 * One Monclova 01/11/2014 66 66 66 66 66 66 0.7% 45 * One Monterrey 01/12/2012 126 126 126 126 126 126 126 126 1.4% 46 * One Puebla FINSA 02/07/2013 126 126 126 126 126 126 126 1.4% 47 * One Querétaro 21/01/2013 126 126 126 126 126 126 126 1.4% 48 * One Toluca 01/12/2012 126 126 126 126 126 126 126 126 1.4% 49 * One Patriotismo 21/01/2013 132 132 132 132 132 132 132 1.4% 50 One Perisur 16/07/2015 144 144 144 1.6% 51 Fairfield Inn & Suites Juriquilla 18/01/2016 134 1.5% 52 * Fairfield Inn Los Cabos 20/06/2014 128 128 128 128 128 128 1.4% 53 Fairfield Inn & Suites Saltillo 31/03/2015 103 103 139 139 139 1.5% 54 Fairfield Inn & Suites Villahermosa 09/12/2015 134 134 1.5% Subtotal 749 1,259 1,704 1,807 1,807 1,987 2,121 2,381 26.1% FULL SERVICE - MANAGED 55 * Fiesta Americana Aguascalientes 15/01/2014 192 192 192 192 192 192 2.1% 56 Fiesta Americana Pabellón M 31/03/2016 178 2.0% 57 * Camino Real Puebla 01/12/2012 153 153 153 153 153 153 153 153 1.7% 58 * Sheraton Ambassador 18/11/2014 229 229 229 229 229 229 2.5% 59 AC by Marriott Antea Querétaro 21/03/2016 175 1.9% Subtotal 153 153 574 574 574 574 574 927 10.2% EXTENDED STAY - MANAGED 60 * Camino Real Hotel & Suites Puebla 01/03/2014 121 121 121 121 121 121 1.3% 61 Fiesta Inn Lofts Ciudad del Carmen 08/09/2015 120 120 120 1.3% 62 * Fiesta Inn Lofts Monclova 01/11/2014 37 37 37 37 37 37 0.4% 63 * Fiesta Inn Lofts Querétaro 01/11/2014 50 50 50 50 50 50 0.5% Subtotal - - 208 208 208 328 328 328 3.6% LEASED HOTELS 64 * Fiesta Inn Cuautitlán 01/12/2012 128 128 128 128 128 128 128 128 1.4% 65 * Fiesta Inn Perisur 01/12/2012 212 212 212 212 212 212 212 212 2.3% 66 Lat20 by Live Aqua (ex-cacao) 19/11/2014 60 60 60 60 60 60 0.7% Subtotal 340 340 400 400 400 400 400 400 4.4% TOTAL OPERATING ROOMS 2,467 5,547 7,656 7,777 7,781 8,081 8,507 9,120 100.0% TOTAL OPERATING HOTELS 18 39 56 57 57 59 62 66 * 2016 Initial Portfolio (54 stabilized hotels in operation) http://www.fibrahotel.com 19 @FibraHotel

FibraHotel s Portfolio evolution by quarter: Hotels and Rooms Number of rooms at end of period % of DEVELOPMENT Opening 2012 2013 4Q 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 1Q 2016 rooms 67 AC by Marriott Torre Americas 1500 2Q 2016 189 189 188 188 188 188 10.1% 68 Fiesta Americana Grand Monterrey Trebol 2Q 2016 180 180 180 180 180 180 180 9.7% 69 Live Aqua Monterrey Trebol 2Q 2016 46 46 46 70 74 74 74 4.0% 70 Fiesta Inn Lofts Monterrey 3Q 2016 48 48 2.6% 71 Fairfield Inn & Suites Nogales 3Q 2016 134 134 7.2% 72 One Cuautitlan 3Q 2016 150 150 8.1% 73 Courtyard Vallejo 4Q 2016 93 121 121 121 121 125 125 6.7% 74 Fairfield Inn & Suites Vallejo 4Q 2016 152 125 125 125 125 121 121 6.5% 75 Fiesta Inn Los Mochis 4Q 2016 125 125 125 125 124 124 6.7% 76 Fiesta Inn La Isla Puerto Vallarta 4Q 2016 144 144 7.8% 77 Courtyard Toreo 1Q 2017 130 130 130 130 130 130 7.0% 78 Aloft Veracruz 1H 2017 165 166 166 9.0% 79 Fiesta Inn Vía 515 4Q 2017 178 178 9.6% 80 Fiesta Inn Lofts Vía 515 4Q 2017 91 91 4.9% Other (expansions, opened hotels, etc.) - 489 428 967 980 1,005 702 613-0.0% TOTAL DESARROLLO 489 899 1,883 1,896 1,944 1,810 2,466 1,853 100.0% NUMBER OF HOTELS IN DEVELOPMENT 4 8 14 14 14 13 18 14 Agreement with GICSA to be announced for 5 hotels to be developed with approximately 750 rooms TOTAL FIBRAHOTEL PORTFOLIO 2,956 6,446 9,539 9,673 9,725 9,891 10,973 10,973 NUMBER OF HOTELS 22 47 70 71 71 72 80 80 http://www.fibrahotel.com 20 @FibraHotel

BALANCE SHEET As of March 31 st, 2016 and December 31 st, 2015 (figures in thousands pesos) Assets 31/03/2016 31/12/2015 Current assets Cash, cash equivalents and restricted cash 792,673 376,824 Trade accounts receivable and other receivables 248,399 207,911 Due from related parties 0 3,190 Prepaid expenses 21,392 5,787 Recoverable taxes, mainly value-added tax 205,926 288,544 Total currents assets 1,268,390 882,257 Non current assets Hotel properties, furniture and operating equip. - Net 7,931,612 7,535,661 Properties under development 2,043,981 2,310,688 Derivative instruments 18,775 11,441 Advance to suppliers 1,703 1,812 Deferred income taxes 7,303 4,054 Total non-current assets 10,003,374 9,863,656 Total assets 11,271,764 10,745,913 Liabilities and partners' equity Current liabilities: Borrowings 33,882 7,849 Suppliers and accrued expenses 365,128 313,667 Taxes payable 5,113 5,110 Other 1,244 3,265 Total current liabilities 405,367 329,890 Long term debt 1,362,052 844,618 Trustors' equity: Contribution from the trustors 9,042,449 9,160,093 Retained earnings 461,896 411,311 Total trustors' equity: 9,504,345 9,571,404 Total liabilities and trustors' equity 11,271,764 10,745,913 http://www.fibrahotel.com 21 @FibraHotel

INCOME STATEMENT From January 1 st to March 31 st, 2016 and 2016 year to date compared with previous year (figures in thousands pesos) 1Q 2016 1Q 2015 Year 2016 Year 2015 Revenue: Rooms 420,318 340,052 420,318 340,052 Food and beverages 91,451 82,955 91,451 82,955 Leases 18,594 17,770 18,594 17,770 Others 3,151 8,191 3,151 8,191 Total revenue 533,516 448,967 533,516 448,967 Costs and general expenses Rooms 79,221 62,297 79,221 62,297 Food and beverages 54,789 49,927 54,789 49,927 Administrative expenses 234,118 187,093 234,118 187,093 Total costs and general expenses 368,129 299,317 368,129 299,317 Lodging contribution 165,387 149,650 165,387 149,650 Real estate expenses 8,573 6,850 8,573 6,850 Advisory fee 26,093 25,844 26,093 25,844 Administrative expenses related to FibraHotel 12,398 9,922 12,398 9,922 Depreciation 58,017 48,026 58,017 48,026 Income from operations 60,306 59,008 60,306 59,008 Extraordinary expenses, net 4,406 13,952 4,406 13,952 Adjusted (loss) from operations 55,900 45,055 55,900 45,055 Non operating income 1,719 2,259 1,719 2,259 Comprehensive financing result (2,083) 13,016 (2,083) 13,016 Income before taxes 55,537 60,330 55,537 60,330 Tax (1,556) (750) (1,556) (750) Consolidated net (loss) income 57,093 61,080 57,093 61,080 http://www.fibrahotel.com 22 @FibraHotel

CASH FLOW STATEMENT From January 1 st to March 31 st, 2016 and 2016 year to date compared with previous year (figures in thousands pesos) T1 2016 T1 2015 Año 2016 Año 2015 Actividades de operación: Utilidad neta consolidada 57,093 61,080 57,093 61,080 Ajustes para partidas que no generaron efectivo Impuestos (1,556) 0 (1,556) 0 Costo por venta de activo fijo 0 0 0 0 Depreciación 58,017 48,026 58,017 48,026 Ingresos por intereses (2,587) (13,382) (2,587) (13,382) Total 110,968 95,725 110,968 95,725 (Aumento) disminución en: Cuentas por cobrar a clientes y otras cuentas por cobrar (40,488) (12,105) (40,488) (12,105) Cuentas por cobrar a partes relacionadas 3,190 (0) 3,190 (0) Impuestos por recuperar, principalmente IVA 82,619 66,442 82,619 66,442 Pagos anticipados (15,388) (13,271) (15,388) (13,271) Otros activos 109 28 109 28 Aumento (disminución) en: Cuentas por pagar a proveedores 67,221 28,441 67,221 28,441 Cuentas por pagar a partes relacionadas (0) 0 (0) 0 Impuestos por pagar (1,694) (2,736) (1,694) (2,736) Flujo neto de efectivo de actividades de operación 206,537 162,524 206,537 162,524 Actividades de inversión: Adquisición de negocios 0 0 0 0 Portafolio de desarrollo (153,702) (188,053) (153,702) (188,053) Adquisición de otros activos (49,661) (59,466) (49,661) (59,466) Venta de activos 125 0 125 0 Intereses cobrados 2,587 13,382 2,587 13,382 Flujo neto de efectivo de actividades de inversión (200,651) (234,137) (200,651) (234,137) Actividades de Financiamiento Distribución a tenedores (117,644) (111,216) (117,644) (111,216) Emisión de deuda 543,467 0 543,467 0 Intereses pagados (2,017) 0 (2,017) 0 Emisión de CBFIs 0 0 0 0 Gastos de Emisión 0 0 0 0 Otros (13,842) 847 (13,842) 847 Flujo neto de efectivo de actividades de financiamiento 409,963 (110,370) 409,963 (110,370) Aumento neto de efectivo y equivalentes de efectivo y efectivo restringido 415,849 (181,982) 415,849 (181,982) Efectivo y equivalentes de efectivo y efectivo restringido al inicio del periodo 376,824 2,091,905 376,824 2,091,905 Efectivo y equivalentes de efectivo y efectivo restringido al final del periodo 792,673 1,909,924 792,673 1,909,924 http://www.fibrahotel.com 23 @FibraHotel

Overview of development hotels currently under construction (as of April 20 th 2016): Trébol Monterrey (Fiesta Americana Grand and Live Aqua): The Fiesta Americana Grand hotel is finishing equipment and detailing in public areas to begin pre-operation. The Live Aqua hotel is in equipment phase with detailing in rooms and public areas. Trébol Monterrey (Fiesta Americana Grand and Live Aqua) hotel pictures Fiesta Inn Lofts Monterrey: The Lofts building structure has all concrete slabs with work on the facade and masonry works about to conclude. Installations have started inside the building. The estimated opening will be during the third quarter of 2016. Fiesta Inn Lofts Monterrey hotel pictures http://www.fibrahotel.com 24 @FibraHotel

Fairfield Inn & Suites Nogales: The structure of building is complete with works on the façade, masonry and beginning installations. The estimated opening will be during the third quarter of 2016. Fairfield Inn & Suites Nogales hotel pictures One Cuautitlan Izcalli: The structure is almost complete with two slabs remaining and masonry under way. The estimated opening will be during the third quarter of 2016. One Cuautitlan Izcalli hotel pictures Via Vallejo (Courtyard and Fairfield Inn & Suites Vallejo): The structure of the hotels is under process with the metallic structure finished and slabs remaining on a couple of floors. Work in the façade and masonry are under way, and installations are beginning. The estimated opening will be during the fourth quarter of 2016. Via Vallejo (Courtyard and Fairfield Inn & Suites Vallejo) hotel pictures http://www.fibrahotel.com 25 @FibraHotel

Fiesta Inn Los Mochis: The hotel foundations are finished with work in process on the structure and beginning masonry works. Fiesta Inn Los Mochis hotel pictures Fiesta Inn La Isla Puerto Vallarta: The hotel structure is in process. The estimated opening is by the end of 2016. Fiesta Inn La Isla Puerto Vallarta hotel pictures Courtyard Toreo: The structure of the building is under process with installation of the metallic structure. The hotel includes seven parking levels over which the hotel will be developed. The estimated opening is during the first quarter of 2017. Courtyard Toreo hotel pictures http://www.fibrahotel.com 26 @FibraHotel

Conference call invite: http://www.fibrahotel.com 27 @FibraHotel