Investor Presentaiton

60 Acquisition portfolio- Properties included in the acquisition portfolio are as follows: Properties Holiday Inn Express Playa del Carmen Holiday Inn Express Toluca Holiday Inn Express Guadalajara UAG Holiday Inn Guadalajara Centro Histórico Holiday Inn Monterrey Valle Holiday Inn Puebla La Noria $ to $ Մ Acquisition cost 135,755,400 76,000,000 186,937,440 139,981,500 204,000,000 193,600,000 936, 274, 340 Hotels acquired subsequent to the IPO- In addition, Fibra INN acquired the following hotels after the IPO, which are presented as follows: Properties Camino Real Guanajuato Marriott Puebla Holiday Inn Coyoacán Wyndham Garden Irapuato México Plaza Celaya México Plaza León Significant events- Acquisition cost $ 230,000,000 370,333,843 381,000,000 93,000,000 139,000,000 150,000,000 ՄՌ $ 1,363,333,843 As a result of the legislative changes contained in the new Income Tax Law in force on January 1, 2014, the Technical Committee of Fibra INN decided to carry out changes to the Trust's structure with two main objectives: (i) maintain strict adherence to the provisions of the new Income Tax Law, and (ii) avoid material impacts that may affect the profitability of Fibra INN. The changes made to the Trust's structure, will fully comply with the provisions of Articles 187 and 188 of the new Income Tax Law as well as those prescribed by the Article 223 and 224 of the Income Tax Law in force through December 31, 2013 and Rule 1.3.20.2.5 of the Miscellaneous Tax Resolution for 2012, as it relates of properties designated for lodging. a. b. C. Based on the abovementioned, the Technical Committee of Fibra INN has decided to implement the following changes in its structure: As of December 26, 2013, lodging services of the hotels will be recognized and invoiced directly by the Trust, which will pay the expenses related to lodging as well. According to the Rule 1.3.20.2.5 of the Miscellaneous Tax Resolution for 2012, lodging revenues are considered as leasing revenues. As of December 26, 2013, for services that do not arise from lodging, for both selected and limited service hotels, as well as full service hotels, which comprise the use of meeting rooms, coffee break services, telephone, laundry, dry cleaner and snack bars, among others, Fibra INN will lease the properties directly from the operator. For these effects, the Trust has entered into a lease contract for each of its hotels with Operadora México, Servicios y Restaurantes, S.A.P.I de C.V. ("Operadora México"). Thus, the Trust will have revenues for leasing of properties and the rendering of services other than lodging will be transferred to Operadora México. As of December 26, 2013, for the specific case of full service hotels, the revenue of services other than lodging will be recognized and invoiced by a new trust F/1765. This entity will pay the direct inputs and related expenses with the rendering of such services. It will also pay the payroll and related expenses to the personal needed to render the services. Fibra INN will receive revenue for property leasing based on a fixed monthly rent plus a variable component equivalent to 15% of the revenue generated from the abovementioned services. The purpose for the incorporation of the Trust F/1765 is the existence of a third entity to receive the amounts of revenue on which the percentage to determine the variable portion of the rent to be obtained from the different hotels, will be applied. 2. Authorization and basis of presentation- Authorization- The accompanying consolidated financial statements were authorized for issuance on April 11, 2014, by Ing. Oscar Eduardo Calvillo Amaya, Director of Finance, and are subject to the approval of the Technical Committee, represented by Ing. Victor Zorrilla Vargas as its President and which may modify such financial statements. Basis of presentation- a. Statement of compliance The consolidated financial statements of Fibra INN have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). These are the first financial statements prepared by Fibra INN. 61

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