Investor Presentaiton
Fibra Hotel is entering a stabilization phase
Operating rooms have grown faster than development rooms
14,000
12,000
Stabilized
In Ramp-up
Overview of FIHO room growth
FibraHotelmx
2014 2015 02'17
105% 15% 10%
12,023
Under development
10,973
% growth in total rooms
10%
9,539
10,000
22%
24%
% growth rooms in ramp-up
N/A 69%
93%
20%
% growth rooms in operation
59% 3% 13%
8,000
14%
9%
% growth development rooms
368%
31%
(51%)
6,000
4,652
71%
64%
73%
9%
4,000
91%
2,000
Initial portfolio
2014
2015
March 2017
Development rooms (% of total)
Ramp-up rooms (% of total)
Stabilized rooms (% of total)
20% 22%
10%
9%
14%
24%
71%
64% 66%
Hotels under development as % of total rooms grew after Fibra Hotel's follow-on offering in 2013
■ 2014 and 2015 had the same trend as the pipeline grew faster than hotel openings with a tight acquisition market
■ As of 2017 ytd, this tendency has reversed as hotel openings outpace new developments
■ FibraHotel's rooms in operation increased 13% thanks to acquisitions and hotel openings
■
Development now represents only ~10% of total rooms (returning to IPO levels)
■ Current focus is on stabilizing recently opened hotels to increase their contribution to distributions
Going forward and with a larger base of rooms in operation, developments will represent a lower % of total rooms than what we
have seen in the past few years
■This same trend will be seen as % of assets on the balance sheet and as % of cash flow
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