Fibra Inn Inspects its Properties Following Yesterday’s Earthquake

MONTERREY, Mexico--(BUSINESS WIRE)-- Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) (“Fibra Inn” or “the Company”), a Mexican real estate investment trust internally managed specializing in the hotel industry serving the business traveler, announced that due to yesterday’s earthquake, immediate actions were implemented to assess the state of the hotels in the portfolio and evaluate any potential damage that they may have experienced.

During the inspection, certain damage was detected at 5 of the properties, which will require minor repairs; therefore they will continue to operate normally. Only in the case of the Holiday Inn Coyoacan in Mexico City, the damage was significant enough to require the Company to close the hotel to its guests for a few days. The inspection results confirmed that none of the properties experienced structural damage.

It is important to note that the 43 hotels in the portfolio have updated damage insurance policies, and cover earthquakes, for buildings, contents as well as for consequential losses.

Fibra Inn’s personnel and guests were evacuated in a timely manner and in adherence to safety protocols.

The Company, represented by its Board of Directors and Executives, express their solidarity and are deeply sorry for the personal and material losses that various communities in the country have suffered as a result of these events.

About the Company

Fibra Inn is a Mexican trust formed primarily to acquire, develop and rent a broad range of hotel properties in Mexico aimed at the business traveler. The Company has signed franchise, license and brand usage agreements with international hotel brands for the operation of global brands as well as the operation of national brands. Additionally, the Company has development agreements. These hotels enjoy some of the industry’s top loyalty programs. Fibra Inn trades its Real Estate Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange under the ticker symbol “FINN13”; its ADRs trade on the OTC market in the U.S. under the ticker symbol “DFBRY”.

www.fibrainn.mx

Note on Forward-Looking Statements

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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In Monterrey, Mexico:

Fibra Inn

Lizette Chang, IRO

52 1 (81)1778-5926

lchang@fibrainn.mx

or

In New York:

i-advize Corporate Communications, Inc.

Maria Barona
212-406-3691

mbarona@i-advize.com

Twitter: @fibrainn

Source: Fibra Inn