Investor Presentaiton

52 52 yessica firin DOLL 53 Hampton Inn by Hillon Hamptonality Auditor Report Translation from Spanish language original To Technical Committee: Fideicomiso Irrevocable No. F/1616 (Deutsche Bank México, S.A., Institución de Banca Múltiple, División Fiduciaria): We have audited the accompanying consolidated financial statements of Fideicomiso Irrevocable No. F/1616 (Deutsche Bank México, S.A., Institución de Banca Múltiple, División Fiduciaria) and subsidiary (the Company) which comprise the consolidated statement of financial position as at December 31, 2013, the consolidated statements of profit or loss, changes in trustors' equity and cash flows for the period from March 12, 2013 to December 31, 2013, and notes comprising a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of Fideicomiso Irrevocable No. F/1616 (Deutsche Bank México, S.A., Institución de Banca Múltiple) and subsidiary, as at December 31, 2013, and its consolidated financial performance and its consolidated cash flows for the period from March 12, 2013 to December 31, 2013 in accordance with International Financial Reporting Standards. Emphasis of Matter Without further qualifying our opinion, we draw attention to: As described in the note 1 to the consolidated financial statements, as a result of legislative changes approved to be in force on January 1, 2014, the Technical Committee of the Company decided to carry out certain changes to the revenue Trust's structure as of December 26, 2013, from provide hospitality leasing property to provide hosting service hotels. Hampton Inn by HiltonⓇ Querétaro KPMG CARDENAS DOSAL, S. C. C.P.C. Jaime García Garcíatorres Monterrey, Nuevo León, México April 11, 2014

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