FibraHotel Reports Earnings Results for the Third Quarter Ended September 30, 2021
October 19, 2021
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FibraHotel reported earnings results for the third quarter ended September 30, 2021. For the third quarter, the company reported sales was MXN 665.36 million compared to MXN 311.3 million a year ago. Revenue was MXN 811.31 million compared to MXN 375.76 million a year ago. Net loss was MXN 72.69 million compared to MXN 241.22 million a year ago.
Concentradora Fibra Hotelera Mexicana SA de CV is a Mexico-based company engaged in the operation of a hospitality real estate investment trust (REIT). It focuses on the acquisition, ownership, development and management of business class hotels in Mexico. The Companyâs activities are divided into four segments: Limited service, hotels without restaurants and meeting rooms; Select services, hotels with addition services, such as bars, room service and conference room; Full service, hotels with consumption centers and meeting rooms, and Extended stay, hotels with studio apartments, work areas and full kitchen. The Companyâs portfolio consists of various brand names, such as Fiesta Inn, One Hotels, AC by Marriott, Sheraton, Fiesta Americana, Camino Real and Real Inn.