Fibrahotel Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021
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FibraHotel announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was MXN 743.063 million compared to MXN 71.663 million a year ago. Operating income was MXN 12.146 million compared to operating loss of MXN 408.514 million a year ago. Net loss was MXN 70.688 million compared to MXN 493.316 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.