Investor Presentaiton
Full-service hotels opened in 2016 performing well
Since March 2016, Fibra Hotel opened 5 full service hotels
which together represent a Ps. $1.6 bn investment, or over
14% of FibraHotel's total assets. Openings were as follows:
■ AC by Marriott Queretaro with 175 rooms In March 2016
■ Fiesta Americana Pabellón M with 178 rooms in April 2016
■In June 2016, Grand Fiesta Americana Monterrey Valle with
180 rooms, Live Aqua Monterrey Valle with 74 rooms and
AC by Marriott Guadalajara with 188 rooms
Hotels take ~18-36 months to stabilize. These properties
are performing well during their first months of operation
For the 10 first months of operation:
■ Even in their opening months, the hotels were close to
break-even thanks to adequate cost management
■ The hotels crossed their break-even point by July
FibraHotelmx
KPI during first 7 months - 5 full service hotels in ramp-up
■ KPI's are growing in line with expectations and occupancy in
the fourth quarter was over 47%
■ Lodging contribution is still small (less than 9% of
Fibra Hotel's lodging contribution for the quarter)
$1,383 $1,434 $1,536 $1,634 $1,725 $1,820 $1,865
$1,137
$199
6%
During the 4Q 2016 these properties had an occupancy
rate of 46.5%, an ADR of Ps. $1,865 a RevPAR of Ps. $867.
Lodging contribution of Ps. $22.6 million (27.7% margin).
mar-16
apr-16
may-16
jun-16
jul-16
aug-16
sep-16
oct-16
Occupancy
ADR
RevPAR
$1,993
$1,831
47%
$751
91-лои
dic-16
Lodging contribution - 5 full service hotels in ramp-up
Overall, development properties are performing well
Break even @
~25% occupancy
-0.9
-0.7
-0.4
apr-16
1.8
0.3
10.2
7.2
6.1
5.3
22%
may-16
jun-16
jul-16
aug-16
sep-16
oct-16
nov-16
dic-16
Login contribution (Ps. million)
■ We are just starting to see the benefits of the recently opened properties in AFFO
■ These properties will support growth in cash flow as they go through their ramp-up period
Lodging contribution margin
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