Holiday Inn Puebla La Noria Sold to Mexican Trust Fibra Inn

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. July 26, 2013

July 26, 2013 - Fibra Inn The price for this hotel was Ps. 193.6 million, excluding taxes and acquisition expenses. This acquisition was paid in cash with the proceeds from the initial public offering that took place on March, 13 2013.

Deutsche Bank Mexico, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced the acquisition of the Hotel Holiday Inn Puebla La Noria. This is the sixth and last hotel to acquire of our Acquisition Portfolio.

The price for this hotel was Ps. 193.6 million, excluding taxes and acquisition expenses. This acquisition was paid in cash with the proceeds from the initial public offering that took place on March, 13 2013.

The Holiday Inn Puebla La Noria initiated operations in August 2006 and is a full-service hotel with 150 rooms. The Holiday Inn Puebla La Noria is located near the Mexico-Puebla highway as well as industrial parks, and commercial, financial and historical areas. It is situated in front of the Angelópolis shopping center, only 4 minutes far away from the Centro Cultural Siglo XXI, and is also conveniently close to cultural and recreational places, such as Iglesia de Santo Domingo, The Cholula Archeological area, the Parián Handcrafts Market, the Amparo Museum and the Conventions Center.

During 2012, the hotel's occupancy rate was 83%; its average daily rate reached Ps. 907 and the RevPar was Ps. 749. This hotel will be operated by a third party, Hoteles y Centros Especializados, S.A., which is part of Grupo Presidente.

Fibra Inn is a Mexican trust formed primarily to acquire, develop and rent a broad range of hotel properties in Mexico. Headquartered in Monterrey, Fibra Inn has an Initial Portfolio of 14 high-quality hotels and geographically-diverse located in nine states throughout Mexico, comprising approximately 2,573 rooms. The Company has signed Franchise Agreements with IHG to operate its global brands Holiday Inn, Holiday Inn Express, and Holiday Inn Express & Suites; with Hilton to operate its brand Hampton Inn by Hilton; and is in the process with Marriott International and Wyndham Garden to operate its global brands. These hotels have some of the industry's top loyalty programs and, offer attractive hotel options for businesses travelers. Fibra Inn recently listed its Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange and trades under the ticker symbol “FINN13”.