Grupo Hotelero Santa Fe, S.A.B. De C.V. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 24, 2019 at 03:05 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, 2019. For the third quarter, the company announced operating income was MXN 75.443 million compared to MXN 90.278 million a year ago. Net loss was MXN 1.679 million compared to net income of MXN 97.492 million a year ago. For the nine months, operating income was MXN 291.607 million compared to MXN 339.070 million a year ago. Net income was MXN 116.698 million compared to MXN 222.231 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. 
