FibraHotel ( FibraHotel ), the first real estate investment trust specialized in business-class hotels in Mexico, announces its financial results and distribution corresponding to the fourth quarter of 2015. Mexico City, February 17 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 fourth quarter of 2015. Except where noted, all figures included herein were prepared in accordance with IFRS and are stated in nominal Mexican pesos. 4 th Quarter 2015 Highlights FibraHotel ended the fourth quarter of 2015 with 80 hotels and 10,973 rooms, including 62 hotels in operation (8,507 rooms) and 18 hotels in different stages of development (2,466 rooms). Including the agreement with GICSA, FibraHotel should have approximately 85 hotels (11,723 rooms) including 23 hotels in different stages of development (3,216 rooms). During the quarter, FibraHotel added 426 rooms in operation with the opening of two hotels, the Fairfield Inn & Suites Villahermosa y Courtyard Ciudad del Carmen hotels, and the acquisition of the Fiesta Inn Villahermosa Cencali hotel. FibraHotel also announced the development of seven hotels including the Fairfield Inn & Suites Nogales hotel, the Fiesta Inn Lofts Monterrey hotel, the Fiesta Inn Vía 515 hotel (Mexico City), the Fiesta Inn Lofts Vía 515 hotel (Mexico City), the One Cuautitlán hotel, the Fiesta Americana Pabellón M hotel (Monterrey) and the Fiesta Inn Puerto Vallarta hotel (part of the agreement with GICSA), adding 923 rooms in development. On a comparable property basis of 47 hotels 1, the average daily rate ( ADR ) was Ps. $950, representing an increase of 4.5% versus the fourth quarter of 2014, the occupancy rate was 68.0%, representing an increase of 223bp versus the fourth quarter of 2014 and the revenue per available room ( RevPAR ) was Ps. $646, representing an increase of 8.0% versus the fourth quarter of 2014. For the Total FibraHotel Portfolio of 62 properties, the average daily rate was Ps. $942, the occupancy rate was 64.9%, and the revenue per available room was Ps. $612. During the fourth quarter of 2014, RevPAR of the Total FibraHotel Portfolio of 56 properties was Ps. $574. Total revenues for the quarter were Ps. $553 million. Lodging contribution 2 for the quarter was Ps. $189 million. Adjusted funds from operations ( AFFO ) 3 for the quarter were Ps. $115 million. 1 Includes 43 stabilized properties as of the December 31 st, 2014 plus the Fiesta Inn Cuernavaca, One Guadalajara Tapatío, Real Inn Morelia and Fairfield Inn Los Cabos hotels. 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. http://www.fibrahotel.com 1 @FibraHotel

FibraHotel will pay a distribution of Ps. $118 million, equivalent to 23.80 cents (Ps. $0.2380) per CBFI 4. As of December 31 st 2015, FibraHotel had a net cash position of Ps. $377 million, or Ps. $660 million including the reimbursement of VAT, and a Ps. $854 million indebtedness. Net debt position (including recoverable VAT) is Ps. $ 195 million. As of December 31 st 2015, total owner s equity of Ps. $9,571 million. During the fourth quarter of 2015 we posted the best operating numbers for FibraHotel historically with occupancy of our stabilized hotels reaching 68% and a same-store RevPAR growth of 8.0% year on year. For the full year 2015 occupancy reached 65% with a RevPAR growth of 7.1% versus 2014. Profitability in our portfolio continued rising as we benefit from the operating leverage at our hotels and our continued cost control, which led to a lodging contribution margin of almost 32% and an EBITDA margin above 26%. We continue growing our portfolio posting a 10% increase in total rooms, and 5% in operating rooms versus the previous quarter. We acquired two landmark properties, the Fiesta Americana Pabellon M hotel and the Fiesta Inn Villahermosa Cencali hotel, as well as announcing an additional six development properties. We are focused on opening our hotels under development where we have had some delays mostly in full service category and brands that FibraHotel had not developed in the past. These hotels will be finished in the upcoming quarters and we are encouraged by the quality of the products. On the financial side, we finished the year with a net debt position after drawing down the available credit lines for the first time. Finally, we announce our highest distribution of 23.80 cents per CBFI notwithstanding the fact that we continue to have an important part of the balance sheet in development properties. said Simón Galante, CEO FibraHotel. 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 September 30 th, 2015, excluding the CBFIs issued that are not entitled to receive distributions until such properties are in operation. http://www.fibrahotel.com 2 @FibraHotel

FibraHotel s portfolio as of February 17 th, 2016 FibraHotel s portfolio In operation Currently Actual (incl. GICSA) FibraHotel s portfolio (cont d) # room 63 hotels 8,641 rooms 80 hotels 10,973 rooms 85 hotels 1 11,723 rooms 1 Hotel Hotel 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 59 27 40 77 15 12 64 14 38 45 46 25 74 75 16 63 9 11 Mexico City 51 56 57 18 1 10 26 2 71 In 26 states 47 7 58 8 21 80 2853 33 19 37 61 41 42 29 30 24 60 Note: Green represents properties under development.; (1) 5 remaining properties from GICSA with approximately 750 rooms 73 67 31 4 5 13 39 3 22 43 44 78 74 65 23 52 62 20 38 70 35 34 36 17 32 48 49 68 69 72 6 54 55 79 50 66 # 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 Select service 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 Izcalli 150 78 Fiesta Americana Pabellon M 178 79 Fiesta Inn Villahermosa 159 80 Fiesta Inn Puerto Vallarta 144 Sub-total 6,321 Additional portfolio information: We signed an agreement for the brand and operator of the Limited Service hotel in Cuautitlan located inside the San Marcos Power Center. The hotel will have 150 limited service rooms (an increase over the announced 115) under the One brand and will be operated by Grupo Posadas. The budget for the hotel will be Ps. $110 million. The lease agreement for the Fiesta Inn Ecatepec hotel finished during November 2015 and we signed a new operating agreement with the same brand an operator. The Cencali hotel in Villahermosa to be developed adjacent to the Fiesta Inn Cencali hotel will not be included in the development portfolio until we have determined a start date for the development of the hotel. There are delays in some properties part of the development portfolio that were expected to open in December 2015. Specifically, there have been some delays related to the other components in the mixed use projects, as well as in brands and categories that FibraHotel had not previously developed. Additional information and adjusted opening dates are included in this report. http://www.fibrahotel.com 3 @FibraHotel

Development portfolio: As of February 17 th, 2016, FibraHotel had 17 hotels in different stages of development, plus other projects yet to be announced (including the GICSA transaction): Expected Number of Cost to FibraHotel (Ps. $ millions) Hotel State termination rooms under Spent as of Dec Total date construction 31 2015 Remaining 1 One Durango Durango Q1 2016 126 72.5 53.6 18.9 2 Fiesta Americana Pabellon M Nuevo Leon Q1 2016 178 425.0 372.6 52.4 3 AC Torre Americas 1500 Guadalajara Jalisco Q1 2016 188 246.0 243.5 2.5 4 AC Antea Queretaro Queretaro Q1 2016 175 212.0 190.0 22.0 5 Fiesta Americana Grand Monterrey Nuevo Leon 180 Q2 2016 6 Live Aqua Monterrey Nuevo Leon 74 710.0 640.4 69.6 7 Fiesta Inn Lofts Monterrey Nuevo Leon Q3 2016 48 48.0 5.4 42.6 8 Fairfield Inn & Suites Nogales Sonora Q3 2016 134 120.0 22.1 97.9 9 One Cuautilan Mexico Q3 2016 150 110.0 22.2 87.8 10 Courtyard Vallejo Mexico 125 Q4 2016 11 Fairfield Inn & Suites Vallejo Mexico 121 290.0 69.5 220.5 12 Fiesta Inn Los Mochis Sinaloa Q4 2016 124 112.5 39.7 72.8 13 Fiesta Inn La Isla Puerto Vallarta Jalisco Q4 2016 144 150.0 44.7 105.3 14 Courtyard Toreo DF Q1 2017 130 45.5 0.3 45.2 15 Veracruz select service Veracruz Q1 2017 166 188.3 34.4 153.9 16 Fiesta Inn Lofts Viaducto DF Q4 2017 91 17 Fiesta Inn Viaducto DF Q4 2017 178 335.0 50.4 284.6 Otros incluyendo GICSA Varios 2017 257.2 Total 2,332 3,064.8 2,046.0 1,276.0 Note: Courtyard Toreo only includes the cash to be paid (total of Ps. $165mm). The investment in One Cuautitlan excludes the retain component - One Durango: The 126-room limited-service One Durango hotel will be operated by Grupo Posadas and is located inside the Paseo Durango shopping center. The construction is completed with detailing in public areasin process. The hotel is about to begin pre-operation with an estimated opening during March 2016. - Fiesta Americana Pabellon M: The 178-room full-service Fiesta Americana will be operated by Grupo Posadas and is located inside the Pabellón M mixed use complex. The hotel is in the equipment phase with detailing in public areas in process. It will begin preoperating in February with an estimated opening by the end of March 2016. - AC by Marriott Guadalajara: The 188-room full-service AC by Marriott hotel will be operated by Marriott International and is located in the Torre Americas 1500 mixed use project. The hotel is currently in the last phase of equipment stage with detailing in public areas in process. The building façade is closed with the office component of the mixed use project under construction. The hotel will begin pre-operating in February and the opening is expected by the end of March or the beginning of April 2016. This hotel presents a delay against its previously estimated opening of December 2015, http://www.fibrahotel.com 4 @FibraHotel

mostly given the requirements by the operator for the product as well as the delays in the mixed use project. These issues will be resolved by the adjusted opening date. - AC by Marriott Querétaro: The 175-room full-service AC by Marriott hotel will be operated by Marriott International and is located in the Antea Queretaro mixed-use project. The hotel is finishing the equipment phase and beginning pre-operation with an estimated opening by the end of March 2016. This hotel presents a delay against its previously estimated opening of December 2015, mostly given the requirements by the operator for the product, which will be resolved by the adjusted opening date. - 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. Even though the hotel building is complete, the office and retail components of the mixed use project are still under construction. The Fiesta Americana hotel is in the equipment phase, with detailing in the public areas and rooms in process. The hotel is expected to begin preoperations in March with an estimated opening by the end of April 2016. The Live Aqua hotel is finishing the civil work and beginning the equipment phase. The hotel is expected to begin pre-operations in April with an estimated opening by the end of May 2016. Both hotels have a significant delay against their original estimated opening date of December 2015. These delays are partly related to the delays in the mixed use project, as well as the amount of detail and finishing required for these luxury products which FibraHotel had underestimated. - 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 building has finished foundations and is currently in the structure phase with assembly of the steel structure in process and with cement poured on the first floor. 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 building has finished foundations and is currently in the structure phase with assembly of the steel structure in process. 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 building has finished http://www.fibrahotel.com 5 @FibraHotel

foundations and is currently in the structure phase with assembly of the steel structure in process. 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 shopping center is finished and the steel structure of the hotel is currently being assembled. The estimated opening of the hotels will be during the fourth quarter of 2016. These hotels have a delay from their initial estimated opening date mostly due to the changes in the Via Vallejo mixed use project. - 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 is currently in the structure phase with four concrete slabs finished (including the parking area and the first floor of the hotel). The estimated opening is by the end of 2016. - 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 is currently in the foundations stage, with work on the shopping center structure to receive the hotel structure 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 project is in the foundations stage and beginning structure phase. The hotel includes seven parking levels over which the hotel will be developed. The estimated opening is during the first quarter of 2017. The hotel has a delay from its initial estimated opening date due to the timing required to obtain permits and licenses and the process to build the parking structure. - Select Service in Veracruz: The 166-room select-service hotel has a brand and operator to be announced in the future. The hotel has obtained the required permits and license and will begin construction during February 2016. 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 6 @FibraHotel

FibraHotel s Portfolio as of December 31 st, 2015 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 Portfolio Selected-Service 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 Guadalajara Tapatío Jalisco 126 Grupo Posadas One Limited-Service 42 One Monclova Coahuila 66 Grupo Posadas One Limited-Service 43 One Monterrey Aeropuerto (1) Nuevo León 126 Grupo Posadas One Limited-Service 44 One Puebla FINSA Puebla 126 Grupo Posadas One Limited-Service 45 One Querétaro Plaza Galerías Querétaro 126 Grupo Posadas One Limited-Service 46 One Toluca Aeropuerto State of Mexico 126 Grupo Posadas One Limited-Service 47 One Ciudad de México Patriotismo Mexico City 132 Grupo Posadas One Limited-Service 48 One Xalapa Veracruz 126 Grupo Posadas One Limited-Service 49 One Perisur Mexico City 144 Grupo Posadas One Limited-Service 50 Fairfield Inn Los Cabos BCS 128 Marriott Int'l Fairfield Inn Limited-Service 51 Fairfield Inn & Suites Saltillo Coahuila 139 Marriott Int'l Fairfield Inn Limited-Service 52 Fairfield Inn & Suites Villahermosa Tabasco 134 Marriott Int'l Fairfield Inn Limited-Service Sub Total Portfolio Limited-Service 2,121 Full-Service Hotels - Managed 53 Fiesta Americana Aguascalientes (1) Aguascalientes 192 Grupo Posadas Fiesta Americana Full-Service 54 Camino Real Puebla Puebla 153 Grupo Real Turismo Camino Real Full-Service 55 Sheraton Ambassador Monterrey (1) (2) Nuevo León 229 Starwood Sheraton Full-Service 56 Lat20 by Live Aqua (ex-cacao) (2) Quintana Roo 60 Grupo Posadas Lat20 by Live Aqua Full-Service 634 Full-Service / Extended-Stay Hotels - Managed 57 Camino Real Hotel & Suites Puebla Puebla 121 Grupo Real Turismo CR Hotel & Suites Extended-Stay 58 Fiesta Inn Lofts Ciudad del Carmen Campeche 120 Grupo Posadas Fiesta Inn Lofts Extended-Stay 59 Fiesta Inn Lofts Monclova Coahuila 37 Grupo Posadas Fiesta Inn Lofts Extended-Stay 60 Fiesta Inn Lofts Querétaro Querétaro 50 Grupo Posadas Fiesta Inn Lofts Extended-Stay Sub Total Portfolio Full-Service / Extended-Stay 328 Leased Hotels 61 Fiesta Inn Cuautitlan State of Mexico 128 Grupo Posadas Fiesta Inn Selected-Service 62 Fiesta Inn Perisur Mexico City 212 Grupo Posadas Fiesta Inn Selected-Service Sub Total Portfolio Leased 340 Total Operating Hotels as of December 31, 2015 8,507 (1) Includes retail component (2) Hotel in renovation process during the quarter http://www.fibrahotel.com 7 @FibraHotel

Selected quarterly information The following table shows the main financial indicators for the last quarters 5 : (In thousand pesos except per CBFI data) 1Q 2015 2Q 2015 3Q 2015 4Q 2015 Year 2015 Total revenues 448,967 501,298 504,201 553,473 2,007,939 Revenues - Managed hotels 425,664 482,396 484,188 534,528 1,926,776 % of total revenues 94.8% 96.2% 96.0% 96.6% 96.0% Lodging contribution 149,650 162,275 168,992 189,258 670,174 Margin 33.3% 32.4% 33.5% 34.2% 33.4% Lodging contribution - Managed hotels 126,348 143,373 148,978 170,317 589,016 Margin 29.7% 29.7% 30.8% 31.9% 30.6% Net Operating Income 142,800 155,262 162,240 180,881 641,184 Margin 31.8% 31.0% 32.2% 32.7% 31.9% EBITDA 107,034 119,987 125,852 145,572 498,445 Margin 23.8% 23.9% 25.0% 26.3% 24.8% Consolidated net (loss) income 61,080 76,856 65,894 32,746 236,576 Margin 13.6% 15.3% 13.1% 5.9% 11.8% Funds From Operation 109,107 124,764 114,091 102,397 450,358 FFO / CBFI with economic rights 0.2207 0.2524 0.2308 0.2072 0.9112 Adjusted Funds From Operation 101,064 106,841 105,807 115,261 428,974 AFFO / CBFI with economic rights 0.2045 0.2162 0.2141 0.2332 0.8679 Distribution 102,505 108,940 106,428 117,659 435,532 Distribution / CBFI with economic rights 0.2074 0.2204 0.2153 0.2380 0.8812 Financial Debt - - - 854,484 854,484 Net Debt - - - 477,659 477,659 Net Debt / LTM EBITDA n.a. n.a. n.a. 1.0 x 1.0 x Loan to Value n.a. n.a. n.a. 8.0% 8.0% 5 Lodging Contribution, NOI, EBITDA, FFO and AFFO are not IFRS figures. http://www.fibrahotel.com 8 @FibraHotel

Results for the fourth quarter of 2015 FibraHotel started the quarter with 59 hotels in operation and ended the quarter with 62 hotels in operation thanks to the opening of the Courtyard Ciudad del Carmen and Fairfield Inn & Suites Villahermosa hotels as well as the acquisition of the Fiesta Inn Villahermosa Cencali hotel. Total Revenues During this period, FibraHotel s total revenues were Ps. $553 million: Ps. $426 million of room rentals (76.9% of total revenues). Ps. $102 million of food and beverage (18.5% of total revenues). Ps. $18.4 million for the lease of (i) three hotels 6 and (ii) retail and other leases in hotel properties (combined, 3.3% of total revenues). Ps. $7.4 million (1.3% of total revenues) corresponded to other revenues. Compared with the fourth quarter of 2014, total revenues increased by 23.9%. Costs and General Expenses During this period, FibraHotel s costs and general expenses were Ps. $364 million: Ps. $224 million of administrative costs and expenses including the payment of the operators fees (61.6% of costs and general expenses). Ps. $82.4 million of room expenses (22.6% of costs and general expenses). Ps. $57.4 million of food and beverage expenses (15.8% of costs and general expenses). Lodging Contribution Lodging contribution was Ps. $189 million, representing 34.2% of total revenues: Ps. $170 million corresponded to managed hotels (the margin was 31.9%, versus 31.6% for the fourth quarter of 2014 even though we had a larger number of hotels in ramp-up period during the fourth quarter of 2015). Ps. $18.9 million corresponded to leases and other revenues (100% margin). Compared with the fourth quarter of 2014, the lodging contribution increased by 23.1%. 6 Leased hotels for the quarter are Fiesta Inn Cuautitlan, Fiesta Inn Ecatepec and Fiesta Inn Perisur. Fiesta Inn Ecatepec changed to hotel management agreement on November 1 st, 2015. http://www.fibrahotel.com 9 @FibraHotel

Operating Profit Other operating expenses of Ps. $113 million consisted of: (i) real estate expenses of Ps. $8.4 million; (ii) administrative expenses of Ps. $9.4 million; (iii) advisory fee of Ps. $25.9 million; and (iv) depreciation of Ps. $69.7 million. The operating profit was Ps. $75.9 million, or 13.7% of total revenues. Compared with the fourth quarter of 2014, the operating profit increased by 14.6%. Adjusted Operating Profit During the fourth quarter, FibraHotel had Ps. $40.5 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. $35.2 million. Comprehensive Financial Cost FibraHotel closed the quarter with a cash position of Ps. $377 million and interests earned during the period of Ps. $3.6 million. The cash position was fully invested in Mexican Federal Government issued debt securities. During the fourth quarter, FibraHotel started to drawdown on its available credit lines to fund the cash deployment related to its development portfolio, generating Ps. $3.8 million of interest expense during the period. In accordance with the IFRS, financing costs related to development projects are capitalized as part of the investment in each project. During the fourth quarter of 2015 all the indebtedness was linked with development projects, therefore the Ps. $3.8 million of interests was capitalized (the actual interest payment was made with the cash available for development). Once each development is open, its interest expense will not be capitalized anymore and the expense will be part of the profit and loss statement, in accordance with the IFRS. Consolidated Net Income The consolidated net income was Ps. $32.7 million. http://www.fibrahotel.com 10 @FibraHotel

Adjusted funds from operation ( AFFO ) 7 During the fourth quarter of 2015, FibraHotel generated adjusted funds from operation of Ps. $115 million: Ps. $ thousand 4Q 2015 4Q 2014 Variation Consolidated net (loss) income 32,746 53,601-38.9% (+) Depreciation 69,651 48,664 Funds From Operation 102,397 102,265 0.1% (-) Maintenance CAPEX (27,589) (22,113) (+) Non operating result adjustments 40,453 33,651 Adjusted Funds From Operation 115,261 113,803 1.3% 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 fourth quarter of 2015, FibraHotel had the following key cash flow items: FibraHotel had a net operating cash flow excluding activities from hotel operations of Ps. $183 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. $38.1 million. The net cash flow from investment activities was a negative (Ps. $1,062 million), mainly due to: (i) acquisition of the Fiesta Inn Villahermosa Cencali hotel for (Ps. $185 million), (ii) disbursements related to the development portfolio of (Ps. $804 million), (iii) capital expenditures during the quarter of (Ps. $75.0 million), and (iii) interest generated from our cash position of Ps. $3.8 million. Payments related to development portfolio are as follows: o Pabellón M in Monterrey: Ps. $333 million o Trebol Project (two hotels in Monterrey): Ps. $105 million o Hotel project in Villahermosa (adjacent to Fiesta Inn Villahermosa Cencali): Ps. $103 million o One Perisur: Ps. $51.9 million o AC by Marriott Antea Querétaro: Ps. $43.6 million o AC by Marriott Torre Americas 1500 Guadalajara: Ps. $31.2 million o One Durango: Ps. $23.0 million 7 FFO and AFFO are not IFRS figures. http://www.fibrahotel.com 11 @FibraHotel

o Fairfield Inn & Suites Nogales: Ps. $21.6 million o Ciudad del Carmen (Courtyard and Fiesta Inn Lofts): Ps. $17.5 million o Fiesta Inn Los Mochis: Ps. $15.6 million o Fairfield Inn & Suites Juriquilla: Ps. $11.9 million o Select-service hotel in Veracruz: Ps. $11.8 million o Fairfield Inn & Suites Villahermosa: Ps. $9.2 million o GICSA and other development projects to be announced: Ps. $25.0 million The net cash flow from financing activities was a Ps. $726 million, mostly related to the disposal of the credit lines of Ps. $854 million and the payment of the distribution of the third quarter of 2015 of (Ps. $106 million). Financial position FibraHotel ended the fourth quarter of 2015 with: A net cash position including recoverable VAT of Ps. $660 million (VAT recoverable totaled Ps. $283 million). Excluding recoverable VAT, FibraHotel had a cash position of Ps. $377 million compared to Ps. $675 million as of September 30 th, 2015. A Ps. $854 million indebtedness. As of September 30 th, 2015 FibraHotel has no debt. Net debt position (including recoverable VAT) is Ps. $ 195 million. Approximately Ps. $1,148 million of available credit line The following table presents a detailed status of FibraHotel s cash position: Ps. $ thousand 4Q 2015 Comentario Cash, cash equivalents and restricted cash 376,824 Available cash and cash equiv. - Operation Restricted cash and cash equiv. - Operation Available cash and cash equiv. - Investment 222,443 Hotels' working capital 39,798 Available for maintenance CapEx 114,583 Cash available for investment Cash position without restricted cash 337,026 The following table presents a detailed status of FibraHotel s debt position: http://www.fibrahotel.com 12 @FibraHotel

Ps. $ thousand 4Q 2015 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 BBVA Bancomer 283,067 MXN TIIE 91d + 125bps* sep-24 Banorte 112,867 MXN TIIE 91d + 125bps* sep-24 Interest payable 2,017 Total debt position 854,484 * 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 0.9% 2017 82,782 9.7% 2018 84,447 9.9% 2019 86,199 10.1% 2020 88,040 10.3% 2021 y adelante 503,150 59.0% Total 852,467 100.0% As of December 31 st, 2015, and according to our credit contracts, FibraHotel contracted three 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 all share the same characteristics: 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%. Regulation applicable to FIBRAs Leverage level FibraHotel ended the fourth quarter of 2015 with a Ps. $854 million indebtedness and total assets value of Ps. $10,740 million, resulting in a 8.0% 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 December 31 st, 2015, the debt service coverage ratio for FibraHotel was 1.3x, complying with the required regulation of >1.0x. http://www.fibrahotel.com 13 @FibraHotel

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. $200 million. o Estimated capital expenditures (maintenance): Ps. $216 million. o Estimated non-discretionary capital expenditures: Ps. $1,276 million. Available resources: o Cash and cash equivalents (excluding restricted cash): Ps. 337 million. o VAT recoverable: Ps. $283 million. o Estimated operating result after distribution payment (including depreciation and interest s income): Ps. $416 million. o Available credit facilities: Ps. $1,148 million. Capital Expenditures ( CapEx ) As of December 31 st, 2015, the available maintenance capital expenditures reserve was Ps. $37.5 million compared with Ps. $35.5 million as of September 30 th, 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 fourth quarter of 2015, FibraHotel had the following relevant capital expenditures: Maintenance CapEx: Ps. $28.7 million. 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 fourth quarter of 2015, FibraHotel invested Ps. $46.3 million in renovation and repositioning CapEx. Renovation CapEx was mainly invested in the following hotels: 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. $60.8 million has been invested as of December 31 st, 2015 (Ps. $19.5 million during the fourth 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. $11.1 million has been invested as of December 31 st, 2015 (Ps. http://www.fibrahotel.com 14 @FibraHotel

o o $11.1 million during the fourth quarter). The renovation will conclude during the second quarter of 2016. Lat20 by Live Aqua (ex-cacao): improvements in common areas. The project has a budget of Ps. $26.3 million of which Ps. $9.1 million has been invested as of December 31 st, 2015 (Ps. $9.1 million during the fourth quarter). The renovation will conclude during the first quarter of 2016. Fiesta Inn Monterrey La Fe: improvements in common areas. The project has a budget of Ps. $17.4 million of which Ps. $4.2 million has been invested as of December 31 st, 2015 (Ps. $4.2 million during the fourth quarter). The renovation will conclude during the second quarter of 2016. Distribution corresponding to the fourth quarter of 2015 8 FibraHotel looks to generate value for its certificate holders, and therefore on February 16 th, 2016, FibraHotel s Technical Committee approved a distribution of Ps. $118 million, equivalent to 23.80 cents (Ps. $0.2380) 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 October 1 st and December 31 st, 2015. The distribution will be paid on March 4 th, 2016. The distribution payment is broken as follows 9 : 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 - - Depreciation 0.2380 117.7 Total 0.2380 117.7 Corporate Governance On February 16 th, 2016, there was an Audit Committee, a Practice Committee and a Technical Committee meeting for the approval of the 2015 fourth 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. 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 15 @FibraHotel

Operating Highlights of FibraHotel s Portfolio The following graph shows the quarterly evolution, from the first quarter of 2007 to the fourth quarter of 2015, of the ADR, the occupancy rate and the RevPAR for the 47 stabilized hotels of the portfolio. 1,000 900 800 700 600 500 400 300 200 100 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 ADR RevPAR Occupancy 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% FibraHotel s total portfolio of 62 hotels in operation reported the following during the fourth quarter of 2015: Occupancy rate of 64.9% ADR of Ps. $942 RevPAR of Ps. $612 The following tables show selected operating information of FibraHotel s hotels in operation for the fourth quarter and full year 2015: 2015 Initial Portfolio: includes 47 stabilized hotels in operation as of March 31 st, 2015 (includes the 43 hotels of the Total Portfolio of stabilized hotels as of December 31 st, 2014 plus the following hotels: Fiesta Inn Cuernavaca, Real Inn Morelia and One Guadalajara Tapatio and Fairfield Inn Los Cabos). 2015 Initial Port. (47H) 4Q 2015 4Q 2014 3Q 2015 Ocupancy 68.0% 65.8% 66.2% ADR 950 909 917 RevPAR 646 598 607 2015 Initial Port. (47H) FY 2015 FY 2014 Ocupancy 64.8% 62.4% ADR 936 908 RevPAR 606 566 http://www.fibrahotel.com 16 @FibraHotel

The change in RevPAR between: The fourth quarter of 2014 and the fourth quarter of 2015 is +8.0%. The full year 2014 and the full year 2015 is +7.1%. The following table shows certain operating information by segment for the hotels in operation for the fourth quarter of the years 2013, 2014 and 2015: Total Portfolio of Stabilized Hotels (47H) Total Portfolio (62H) 4 th Quarter 2013 4 th Quarter 2014 4 th Quarter 2015 4 th Quarter 2015 Segment Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Limited-Service 61.1% $ 691 $ 423 60.4% $ 715 $ 432 67.4% $ 751 $ 506 64.5% $ 771 $ 498 Selected-Service 63.7% $ 909 $ 579 68.0% $ 941 $ 640 69.1% $ 983 $ 680 67.0% $ 966 $ 647 Full-Service 59.0% $ 1,029 $ 608 61.4% $ 1,123 $ 690 60.4% $ 1,222 $ 738 57.1% $ 1,266 $ 723 Extended-Stay n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 50.2% $ 1,042 $ 524 Total 62.7% $ 872 $ 547 65.8% $ 909 $ 598 68.0% $ 950 $ 646 64.9% $ 942 $ 612 Vs. previous year (2.0 bp) 4.1% 1.0% 3.1 bp 4.3% 9.3% 2.2 bp 4.5% 8.0% The following table shows certain operating information by region 10 for the hotels in operation for the fourth quarter of the years 2013, 2014 and 2015: Total Portfolio of Stabilized Hotels (47H) Total Portfolio (62H) 4 th Quarter 2013 4 th Quarter 2014 4 th Quarter 2015 4 th Quarter 2015 Region Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Ocup. ADR RevPAR Northwest 60.2% $ 861 $ 519 63.2% $ 881 $ 556 68.6% $ 935 $ 641 67.9% $ 909 $ 617 Northeast 59.6% $ 775 $ 462 67.5% $ 809 $ 546 61.3% $ 902 $ 553 58.7% $ 901 $ 529 Center and South 65.4% $ 905 $ 592 67.1% $ 961 $ 644 69.3% $ 980 $ 679 64.8% $ 976 $ 633 West 57.9% $ 823 $ 477 62.2% $ 811 $ 504 68.4% $ 870 $ 595 68.4% $ 870 $ 595 Total 62.7% $ 872 $ 547 65.8% $ 909 $ 598 68.0% $ 950 $ 646 64.9% $ 942 $ 612 Vs. previous year (2.0 bp) 4.1% 1.0% 3.1 bp 4.3% 9.3% 2.2 bp 4.5% 8.0% The following table shows FibraHotel s Total Portfolio distribution (62 hotels) as of December 31 st, 2015 by segment, region, number of hotels and rooms: SEGMENT Hotels Rooms REGION Hotels Rooms # % # % # % # % Limited-Service 17 27.4% 2,121 24.9% Center and South 36 58.1% 4,868 57.2% Selected-Service 37 59.7% 5,424 63.8% Northeast 8 12.9% 1,009 11.9% Full-Service 4 6.5% 634 7.5% Northwest 14 22.6% 2,010 23.6% Extended-Stay 4 6.5% 328 3.9% West 4 6.5% 620 7.3% TOTAL 62 100.0% 8,507 100.0% TOTAL 62 100.0% 8,507 100.0% 10 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, Campeche, State of Mexico, Guanajuato, Guerrero, Michoacan, Morelos, Oaxaca, Puebla, Querétaro, San Luis Potosí, Veracruz, and Mexico City. West corresponds to the following states: Jalisco and Nayarit. http://www.fibrahotel.com 17 @FibraHotel

Quarterly Operating Portfolio Highlights (excluding leased hotels) Year 2015 Available Occupied Room Revenues Occup. Rooms Rooms Ps. $ Million ADR RevPAR 1st quarter 635,872 370,645 58.3% $ 340.052 $ 917 $ 535 2nd quarter 665,040 416,466 62.6% $ 385.459 $ 926 $ 580 3rd quarter 682,504 435,523 63.8% $ 390.219 $ 896 $ 572 4th quarter 704,760 471,700 66.9% $ 425.589 $ 902 $ 604 Total 2,688,176 1,694,334 63.0% $ 1,541.320 $ 910 $ 573 Timeline of hotel additions generating room revenue by month during 2015 (managed hotels): January: includes the 50 managed hotels as of December 31 st, 2014 and the One Cuernavaca hotel is added to the portfolio (opening). February: The Fiesta Inn Cuernavaca and Cacao Playa del Carmen hotels (acquisitions), are added to the portfolio. March: the first stage of Fairfield Inn & Suites Saltillo hotel is added to the portfolio (opening). April, May and June: no changes. July: The One Perisur hotel is added to the portfolio (opening) September: The Fiesta Inn Lofts Ciudad del Carmen hotel (opening) and the second stage of Fairfield Inn & Suites Saltillo hotel (inventory increase) are added to the portfolio. October: no changes. November: Fiesta Inn Ecatepec (change from leasing contract to management contract) and Ciudad del Carmen (opening) are added. December: Fiesta Inn Villahermosa Cencali (acquisition) and Fairfield Inn & Suites Villahermosa (opening) are added. 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 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 rooms 1 * Fiesta Inn Aguascalientes 21/01/2013 125 125 125 125 125 125 125 125 125 1.5% 2 * Fiesta Inn Ciudad Juárez 21/01/2013 166 166 166 166 166 166 166 166 166 2.0% 3 * Fiesta Inn Ciudad Obregón 07/04/2014 123 123 123 141 141 141 141 1.7% 4 * Fiesta Inn Chihuahua 21/01/2013 152 152 152 152 152 152 152 152 152 1.8% 5 * Fiesta Inn Cuernavaca 15/12/2014 155 155 155 155 155 1.8% 6 * Fiesta Inn Culiacán 01/12/2012 142 142 142 142 146 146 146 146 146 146 1.7% 7 * Fiesta Inn Durango 01/12/2012 138 138 138 138 138 138 138 138 138 138 1.6% 8 * Fiesta Inn Ecatepec 01/12/2012 143 143 143 143 143 143 143 143 143 143 1.7% 9 * Fiesta Inn Guadalajara 21/01/2013 158 158 158 158 158 158 158 158 158 1.9% 10 * Fiesta Inn Hermosillo 01/12/2012 155 155 155 155 155 155 155 155 155 155 1.8% 11 * Fiesta Inn León 21/01/2013 160 160 160 160 160 160 160 160 160 1.9% 12 * Fiesta Inn Mexicali 21/01/2013 150 150 150 150 150 150 150 150 150 1.8% 13 * Fiesta Inn Monclova 28/02/2013 121 121 121 121 121 121 121 121 121 1.4% 14 * Fiesta Inn Monterrey 21/01/2013 161 161 161 161 161 161 161 161 161 1.9% 15 * Fiesta Inn Naucalpan 01/12/2012 119 119 119 119 119 119 119 119 119 119 1.4% 16 * Fiesta Inn Nuevo Laredo 01/12/2012 120 120 120 120 120 120 120 120 120 120 1.4% 17 * Fiesta Inn Oaxaca 05/07/2013 145 145 145 145 145 145 145 145 145 1.7% 18 * Fiesta Inn Perinorte 01/12/2012 123 123 123 123 123 123 123 127 127 127 1.5% 19 * Fiesta Inn Puebla FINSA 03/07/2013 123 123 123 123 123 123 123 123 123 1.4% 20 * Fiesta Inn Querétaro 21/01/2013 175 175 175 175 175 175 175 175 175 2.1% 21 * Fiesta Inn Saltillo 21/01/2013 149 149 149 149 149 149 149 149 149 1.8% 22 * Fiesta Inn San Luis Potosi Oriente 21/07/2014 140 140 140 140 140 140 1.6% 23 * Fiesta Inn Tepic 01/12/2012 139 139 139 139 139 139 139 139 139 139 1.6% 24 * Fiesta Inn Tlalnepantla 24/06/2013 131 131 131 131 131 131 131 131 131 1.5% 25 * Fiesta Inn Torreón 19/12/2012 146 146 146 146 146 146 146 146 146 146 1.7% 26 * Fiesta Inn Toluca 30/04/2013 144 144 144 144 144 144 144 144 144 1.7% 27 Fiesta Inn Villahermosa 02/12/2015 159 1.9% 28 * Fiesta Inn Xalapa 27/03/2014 119 119 119 119 119 119 119 119 1.4% 29 * Real Inn Guadalajara 01/08/2013 197 197 197 197 197 197 197 197 197 2.3% 30 * Real Inn Mexicali 01/07/2013 158 158 158 158 158 158 158 158 158 1.9% 31 * Real Inn Morelia 01/03/2013 155 155 155 155 155 155 155 155 155 1.8% 32 Gamma Ciudad Obregón (Valle Grande) 30/05/2014 135 135 135 135 135 135 135 1.6% 33 Gamma León (Fussion 5) 22/05/2014 163 159 159 159 159 159 159 1.9% 34 Gamma Tijuana (Lausana Tijuana) 27/07/2014 140 140 140 140 140 140 1.6% 35 Courtyard Ciudad del Carmen 25/11/2015 133 1.6% Subtotal 1,225 3,795 3,914 4,335 4,615 4,770 4,788 4,792 4,792 5,084 59.8% LIMITED SERVICE - MANAGED 36 * One Acapulco 01/12/2012 126 126 126 126 126 126 126 126 126 126 1.5% 37 * One Aguascalientes 01/12/2012 126 126 126 126 126 126 126 126 126 126 1.5% 38 * One Coatzacoalcos 01/12/2012 126 126 126 126 126 126 126 126 126 126 1.5% 39 One Cuernavaca 15/12/2014 125 125 125 125 125 1.5% 40 * One Culiacán 01/12/2012 119 119 119 119 119 119 119 119 119 119 1.4% 41 * One Guadalajara Tapatío 24/06/2013 126 126 126 126 126 126 126 126 126 1.5% 42 * One Xalapa 27/03/2014 108 108 108 126 126 126 126 126 1.5% 43 One Monclova 01/11/2014 66 66 66 66 66 0.8% 44 * One Monterrey 01/12/2012 126 126 126 126 126 126 126 126 126 126 1.5% 45 * One Puebla FINSA 02/07/2013 126 126 126 126 126 126 126 126 126 1.5% 46 * One Querétaro 21/01/2013 126 126 126 126 126 126 126 126 126 1.5% 47 * One Toluca 01/12/2012 126 126 126 126 126 126 126 126 126 126 1.5% 48 * One Patriotismo 21/01/2013 132 132 132 132 132 132 132 132 132 1.6% 49 One Perisur 16/07/2015 144 144 1.7% 50 * Fairfield Inn Los Cabos 20/06/2014 128 128 128 128 128 128 128 1.5% 51 Fairfield Inn & Suites Saltillo 31/03/2015 103 103 139 139 1.6% 52 Fairfield Inn & Suites Villahermosa 09/12/2015 134 1.6% Subtotal 749 1,259 1,367 1,495 1,495 1,704 1,807 1,807 1,987 2,121 24.9% FULL SERVICE - MANAGED 53 * Fiesta Americana Aguascalientes 15/01/2014 192 192 192 192 192 192 192 192 2.3% 54 * Camino Real Puebla 01/12/2012 153 153 153 153 153 153 153 153 153 153 1.8% 55 * Sheraton Ambassador 18/11/2014 229 229 229 229 229 2.7% 56 Lat20 by Live Aqua (ex-cacao) 19/11/2014 60 60 60 60 60 0.7% Subtotal 153 153 345 345 345 634 634 634 634 634 7.5% EXTENDED STAY - MANAGED 57 Camino Real Hotel & Suites Puebla 01/03/2014 149 149 149 121 121 121 121 121 1.4% 58 Fiesta Inn Lofts Ciudad del Carmen 08/09/2015 120 120 1.4% 59 Fiesta Inn Lofts Monclova 01/11/2014 37 37 37 37 37 0.4% 60 Fiesta Inn Lofts Querétaro 01/11/2014 50 50 50 50 50 0.6% Subtotal - - 149 149 149 208 208 208 328 328 3.9% LEASED HOTELS 61 * Fiesta Inn Cuautitlán 01/12/2012 128 128 128 128 128 128 128 128 128 128 1.5% 62 * Fiesta Inn Perisur 01/12/2012 212 212 212 212 212 212 212 212 212 212 2.5% Subtotal 340 340 340 340 340 340 340 340 340 340 4.0% TOTAL OPERATING ROOMS 2,467 5,547 6,115 6,664 6,944 7,656 7,777 7,781 8,081 8,507 100.0% TOTAL OPERATING HOTELS 18 39 43 47 49 56 57 57 59 62 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 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 rooms 63 Fairfield Inn & Suites Juriquilla 1Q 2016 134 134 134 134 5.4% 64 One Durango 1Q 2016 126 126 126 5.1% 65 AC By Marriott Torre Americas 1500 1Q 2016 189 189 188 188 188 7.6% 66 AC By Marriott Antea Querétaro 1Q 2016 175 175 175 175 175 7.1% 67 Fiesta Americana Pabellon M 1Q 2016 178 7.2% 68 Fiesta Americana Grand Monterrey Trebol 2Q 2016 180 180 180 180 180 180 180 180 180 7.3% 69 Live Aqua Monterrey Trebol 2Q 2016 46 46 46 46 46 46 70 74 74 3.0% 70 Fairfield Inn & Suites Nogales 3Q 2016 134 5.4% 71 Fiesta Inn Lofts Monterrey 3Q 2016 48 1.9% 72 One Cuautitlan Izcalli 3Q 2016 150 6.1% 73 Courtyard Vallejo 4Q 2016 93 93 121 121 121 121 121 121 125 5.1% 74 Fairfield Inn & Suites Vallejo 4Q 2016 152 152 124 124 125 125 125 125 121 4.9% 75 Fiesta Inn Los Mochis 4Q 2016 125 125 125 125 124 5.0% 76 Fiesta Inn Puerto Vallarta 4Q 2016 144 5.8% 77 Hotel de Servicio Selecto en Veracruz 1Q 2017 165 166 6.7% 78 Courtyard Toreo 1Q 2017 130 130 130 130 130 5.3% 79 Fiesta Inn Vía 515 4Q 2017 178 7.2% 80 Fiesta Inn Lofts Vía 515 4Q 2017 91 3.7% Other (expansions, opened hotels, etc.) - 489 428 297 746 816 792 671 570 267-0.0% TOTAL DESARROLLO 489 899 768 1,217 1,287 1,883 1,896 1,944 1,810 2,466 100.0% NUMBER OF HOTELS IN DEVELOPMENT 4 8 7 11 10 13 14 14 13 18 Agreement with GICSA to be announced for 6 hotels to be developed with approximately 880 rooms (one hotel alreado announced: Fiesta Inn Puerto Vallarta) TOTAL FIBRAHOTEL PORTFOLIO 2,956 6,446 6,883 7,881 8,231 9,539 9,673 9,725 9,891 10,973 NUMBER OF HOTELS 22 47 50 58 59 69 71 71 72 80 http://www.fibrahotel.com 20 @FibraHotel

BALANCE SHEET As of December 31 st, 2015 and December 31 st, 2014 (figures in thousands pesos) Assets 31/12/2015 31/12/2014 Current assets Cash, cash equivalents and restricted cash 376,824 2,091,905 Trade accounts receivable and other receivables 207,911 169,173 Due from related parties 3,190 3,190 Prepaid expenses 5,787 2,614 Recoverable taxes, mainly value-added tax 283,046 234,063 Total currents assets 876,758 2,500,946 Non current assets Hotel properties, furniture and operating equip. - Net 7,535,661 6,725,074 Properties under development 2,310,688 773,570 Derivative instruments 11,441 0 Advance to suppliers 1,812 1,654 Deferred income taxes 4,054 3,995 Total non-current assets 9,863,656 7,504,294 Total assets 10,740,414 10,005,239 Liabilities and partners' equity Current liabilities: Suppliers and accrued expenses 313,667 233,249 Taxes payable (388) 4,370 Other 1,248 631 Total current liabilities 314,526 238,250 Long term debt 854,484 0 Trustors' equity: Contribution from the trustors 9,160,093 9,495,328 Retained earnings 411,311 271,662 Total trustors' equity: 9,571,404 9,766,989 Total liabilities and trustors' equity 10,740,414 10,005,239 http://www.fibrahotel.com 21 @FibraHotel

INCOME STATEMENT From October 1 st to December 31 st, 2015 and 2015 year to date compared with 2014 (figures in thousands pesos) 4Q 2015 4Q 2014 Year 2015 Year 2014 Revenue: Rooms 425,589 338,939 1,541,320 1,162,025 Food and beverages 102,166 88,054 367,524 289,662 Leases 18,353 17,532 76,121 68,801 Others 7,365 2,044 22,974 10,337 Total revenue 553,473 446,569 2,007,939 1,530,826 Costs and general expenses Rooms 82,355 59,574 288,706 198,587 Food and beverages 57,382 49,872 215,278 164,798 Administrative expenses 224,478 183,414 833,780 642,668 Total costs and general expenses 364,215 292,860 1,337,765 1,006,053 Lodging contribution 189,258 153,709 670,174 524,774 Real estate expenses 8,376 6,064 28,991 21,626 Advisory fee 25,940 25,732 103,378 102,731 Administrative expenses related to FibraHotel 9,369 7,025 39,361 29,182 Depreciation 69,651 48,664 213,782 162,930 Income from operations 75,921 66,225 284,663 208,305 Extraordinary expenses, net 40,453 33,651 77,688 88,448 Adjusted (loss) from operations 35,468 32,574 206,975 119,857 Non operating income 67 23 2,726 12,209 Comprehensive financing result (327) 22,784 29,759 124,379 Income before taxes 35,207 55,381 239,460 256,445 Tax 2,461 1,780 2,884 2,742 Consolidated net (loss) income 32,746 53,601 236,576 253,703 http://www.fibrahotel.com 22 @FibraHotel

CASH FLOW STATEMENT From October 1 st to December 31 st, 2015 and 2015 year to date compared with 2014 (figures in thousands pesos) 4Q 2015 4Q 2014 Year 2015 Year 2014 Operating Activities Consolidated net income 32,746 53,601 236,576 253,703 Adjustments for non cash items Tax 0 0 0 (598) Cost for asset sale (2,234) (190) (3,152) 16,042 Depreciation 69,651 48,664 213,782 162,930 Interest income (3,783) (19,358) (35,115) (121,547) Total 96,380 82,717 412,090 310,530 (Increase) decrease in: Trade accounts receivable and others (8,779) (4,423) (17,640) (62,016) Due from related parties (0) (0) (0) 508 Recoverables taxes, mainly VAT (109,872) (111,904) (48,983) (29,744) Prepaid expenses 7,942 4,716 (2,738) (1,088) Other assets (119) (614) (159) (749) Increase (decrease) in: Suppliers and accrued expenses 50,957 16,450 80,418 76,411 Due to related parties 0 0 0 (0) Tax payable 1,553 2,771 (4,200) 62 Net cash flow used in operating activities 38,062 (10,286) 418,788 293,913 Investing activities Business acquired, net of cash received (189,358) (587,938) (189,358) (1,764,318) Development portfolio (230,029) (304,944) (1,537,118) (663,319) Acquisition of other assets (649,571) (45,457) (835,041) (265,880) Asset sale 2,234 190 3,184 1,379 Interest income 3,783 19,358 35,115 121,547 Net cash flow used in investing activities (1,062,941) (918,791) (2,523,218) (2,570,590) Financing activities Ditributions to trustors (106,428) (100,104) (429,089) (418,002) CBFIs issuance 0 0 0 0 Debt issuance 854,484 0 854,484 0 Issuance expenses 0 0 0 0 Other (21,740) (1,209) (36,045) (1,209) Net cash flow used in financing activities 726,316 (101,312) 389,349 (419,211) Net increase (decrease) in cash, cash equivalents and restricted cash (298,562) (1,030,390) (1,715,081) (2,695,888) Cash, cash equivalents and restricted cash at the beginning of the period Cash, cash equivalents and restricted cash at the end of the period 675,386 3,122,295 2,091,905 4,787,793 376,824 2,091,905 376,824 2,091,905 http://www.fibrahotel.com 23 @FibraHotel

Overview of development hotels currently under construction (as of February 17 th 2016): Fiesta Americana Pabellon M: The hotel is in the equipment phase with detailing in public areas in process. It will begin preoperating in February with an estimated opening by the end of March 2016. Fiesta Americana Pabellon M hotel pictures One Durango: The construction is completed with detailing in public areas in process. The hotel is about to begin pre-operation with an estimated opening during March 2016. One Durango hotel pictures http://www.fibrahotel.com 24 @FibraHotel

AC by Marriott Guadalajara: The hotel is currently in the last phase of equipment stage with detailing in public areas in process. The building façade is closed with the office component of the mixed use project under construction. The hotel will begin pre-operating in February and the opening is expected by the end of March or the beginning of April 2016. AC by Marriott Guadalajara hotel pictures AC by Marriott Querétaro: The hotel is finishing the equipment phase and beginning pre-operation with an estimated opening by the end of March 2016. AC by Marriott Querétaro hotel pictures http://www.fibrahotel.com 25 @FibraHotel

Trébol Monterrey (Fiesta Americana Grand and Live Aqua): Even though the hotel building is complete, the office and retail components of the mixed use project are still under construction. The Fiesta Americana hotel is in the equipment phase, with detailing in the public areas and rooms in process. The hotel is expected to begin pre-operations in March with an estimated opening by the end of April 2016. The Live Aqua hotel is finishing the civil work and beginning the equipment phase. The hotel is expected to begin preoperations in April with an estimated opening by the end of May 2016. Trébol Monterrey (Fiesta Americana Grand and Live Aqua) hotel pictures Fiesta Inn Lofts Monterrey: The building has finished foundations and is currently in the structure phase with assembly of the steel structure in process and with cement poured on the first floor. The estimated opening will be during the third quarter of 2016. Fiesta Inn Lofts Monterrey hotel pictures http://www.fibrahotel.com 26 @FibraHotel

Fairfield Inn & Suites Nogales: The building has finished foundations and is currently in the structure phase with assembly of the steel structure in process. The estimated opening will be during the third quarter of 2016. Fairfield Inn & Suites Nogales hotel pictures One Cuautitlan Izcalli: The building has finished foundations and is currently in the structure phase with assembly of the steel structure in process. 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 shopping center is finished and the steel structure of the hotel is currently being assembled. The estimated opening of the hotels will be during the fourth quarter of 2016. Via Vallejo (Courtyard and Fairfield Inn & Suites Vallejo) hotel pictures http://www.fibrahotel.com 27 @FibraHotel

Fiesta Inn Los Mochis: The hotel is currently in the structure phase with four concrete slabs finished (including the parking area and the first floor of the hotel). The estimated opening is by the end of 2016. Fiesta Inn Los Mochis hotel pictures Fiesta Inn La Isla Puerto Vallarta: The hotel is currently in the foundations stage, with work on the shopping center structure to receive the hotel structure in process. The estimated opening is by the end of 2016. Fiesta Inn La Isla Puerto Vallarta hotel pictures Courtyard Toreo: The project is in the foundations stage and beginning structure phase. 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 28 @FibraHotel

Conference call invite: http://www.fibrahotel.com 29 @FibraHotel