Fibrahotel Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 20, 2020
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FibraHotel announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was MXN 375.755 million compared to MXN 1,073.663 million a year ago. Operating loss was MXN 152.457 million compared to operating Income of MXN 138.856 million a year ago. Net loss was MXN 241.219 million compared to net income of MXN 56.371 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.
FIBRAHOTEL 
