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Investor Presentaiton

Strong EBITDA growth with margin expansion. Managed Hotels Revenues (Ps. $ million) Last 12 months FibraHotelmx Quarterly EBITDA (Ps. $ mm - margin) Ps. millions 211 2,635 2,4181 173 2,227' 154 146 115 120 126 118 +31% vs. 107 +45% vs. 4Q 2015 4Q 2015 71 LTM 26% 23% 24% 24% 25% 26% 27% 22% 24% 25% 1,032 1,531 1,671 1,793 1,901 2,008 2,0924 الات FY FY 1Q 2Q 3Q FY 1Q 2Q 3Q 2013 2014 2015 2015 2015 2015 2016 2016 2016 2016 FY 4Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2013 2014 2015 2015 2015 2015 2016 2016 2016 2016 Last 12 months 53 53 48 47 EBITDA per room (Ps. $) 56 58 59 63 59 56 56 56 Strong increase in LTM revenues • External growth (M&A / Development) • Organic growth (increase in RevPAR) EBITDA margin is returning to pre follow-on levels FY FY 1Q 2Q 3Q FY +7% vs. 4Q 2015 LTM 1Q 2Q 3Q FY 2013 2014 2015 2015 2015 2015 2016 2016 2016 2016 . Impact from less leased hotels in portfolio mix • Solid growth in EBITDA even with additional hotels in ramp-up portfolio Highest EBITDA per room in operation history • Development ramping up their contribution to EBITDA generation 20

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