Grupo Hotelero Santa Fe, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 03:06 pm EDT
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Grupo Hotelero Santa Fe, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was MXN 483.630 million compared to MXN 15.532 million a year ago. Operating income was MXN 61.953 million compared to operating loss of MXN 151.958 million a year ago. Net income was MXN 106.029 million compared to net loss of MXN 50.809 million a year ago. For the half year, total revenue was MXN 751.472 million compared to MXN 601.036 million a year ago. Operating loss was MXN 2.557 million compared to MXN 65.739 million a year ago. Net loss was MXN 33.078 million compared to MXN 449.934 million a year ago.
Grupo Hotelero Santa Fe SAB de CV (Krystal Hotels) is a Mexico-based company specialized in the hotel services. The Companyâs activities comprise acquiring, developing and operating urban and beach hotels in Mexico. It operates through its own brands, such as Krystal Resorts, Krystal Grand, Krystal Beach and Krystal Urban, as well as through franchises and licensed brands, including Hilton, Hilton Resorts, Hilton Garden Inn and Hampton Inn. The properties are located in Acapulco, Guadalajara, Monterrey, and Cancun, among others. The Company collaborates with Grupo Chartwell, Nexxus Capital and Walton Street Capital.