Grupo Hotelero Santa Fe, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 09:52 am EDT
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Grupo Hotelero Santa Fe, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 315.25 million compared to MXN 320.38 million a year ago. Revenue was MXN 655.87 million compared to MXN 652.37 million a year ago. Net loss was MXN 0.09 million compared to net income of MXN 45.86 million a year ago.
For the nine months, sales was MXN 1,108.69 million compared to MXN 935.79 million a year ago. Revenue was MXN 2,249.31 million compared to MXN 1,911.42 million a year ago. Net income was MXN 492.77 million compared to MXN 169.98 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. 
