Grupo Hotelero Santa Fe, S.A.B. De C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 22, 2020 at 03:06 pm EDT
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Grupo Hotelero Santa Fe, S.A.B. De C.V. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was MXN 179.143 million compared to MXN 507.846 million a year ago. Operating loss was MXN 89.830 million compared to operating Income of MXN 75.443 million a year ago. Net loss was MXN 45.433 million compared to MXN 1.679 million a year ago. For the nine months, total revenue was MXN 780.178 million compared to MXN 1,672.370 million a year ago. Operating loss was MXN 155.570 million compared to operating Income of MXN 291.607 million a year ago. Net loss was MXN 495.367 million compared to net income of MXN 116.698 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.
GRUPO HOTELERO SANTA FE, S.A.B. DE C.V. 
