FibraHotel Reports Earnings Results for the Second Quarter Ended June 30, 2022
July 12, 2022
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FibraHotel reported earnings results for the second quarter ended June 30, 2022. For the second quarter, the company reported sales was MXN 988.65 million compared to MXN 611.73 million a year ago. Revenue was MXN 1,200.17 million compared to MXN 743.06 million a year ago. Net income was MXN 118.78 million compared to net loss of MXN 70.69 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.