ADR Growth Above Inflation
The quarter saw ADR increase by 7.4%, which is above the inflation rate, highlighting a focus on maintaining competitive pricing despite challenging market conditions.
Mexico City Performance
Mexico City outperformed other markets with a RevPAR growth of 12.9%, showcasing strong regional performance.
Sale of Non-Strategic Hotel
FibraHotel sold the 195-room Gamma Hotel in Guadalajara for MXN 135 million, above its book value of MXN 93 million, indicating successful asset management.
Strong Balance Sheet
The company maintains a net debt position of MXN 3.666 billion with an LTV of 24.6%, demonstrating financial stability.
ESG Initiatives
FibraHotel published several ESG-related reports and added a sustainability component to a line of credit, showing commitment to sustainability.