Fibra Inn
4.75
MXN
-0.01
(-0.21%)
Fibra Inn
BMV:FINN/13
(Mexican Stock Exchange)
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4.75
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ROIC.AI
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- Business
- Fideicomiso Irrevocable db/1616 (FINN13.MX), operating as Fibra Inn, is a Mexican real estate investment trust (REIT) primarily engaged in the acquisition, development, ownership, and leasing of hotel properties targeted at business travelers and leisure guests throughout Mexico. The trust owns and manages a diversified portfolio of 35 high-quality hotels comprising 6,048 rooms across 13 states, including key markets such as Mexico City, Estado de México, Puebla, Guadalajara, Monterrey, Ciudad Juarez, and Guanajuato; its properties operate in four segments: Limited Service hotels offering accommodation, internet, complimentary breakfast, business centers, meeting rooms, fitness centers, and parking at reduced rates; Select Service hotels providing similar amenities; Full Service hotels adding food and beverage, events, and banquet services; and Long Stay hotels with apartment-style comforts for extended stays averaging five days or more. Fibra Inn maintains franchise, license, and brand agreements with 13 international chains including InterContinental Hotels Group, Hilton Worldwide, Marriott International, and Wyndham Hotel Group, alongside two national brands, enabling access to top loyalty programs; properties are leased to operators under these brands, generating revenues from lodging, food and beverage, other hotel services, and property leases. The company trades its Real Estate Certificates (CBFIs) on the Mexican Stock Exchange under the ticker FINN13 and is internally managed through its subsidiary Administradora de Activos Fibra Inn, S.C., with no external asset management fees. Founded in 2012 and commencing operations in March 2013, Fibra Inn is headquartered at Belisario Domínguez 2725 Piso PH, Colonia Obispado, Monterrey, Nuevo León, Mexico. Subsidiaries and controlled entities include Administradora de Activos Fibra Inn, S.C. (99.99% owned), Servicios Hoteleros Finn, S.C. (100% owned), co-investment vehicles Trust CIB/3058 (29% owned), Trust CIB/3096 (50% owned), and Trust CIB/3097 (50% owned), and de facto controlled entity Tregnor S.A.P.I. de C.V. since January 1, 2025; the trustee is CIBANCO, S.A., Institución de Banca Múltiple, succeeding Deutsche Bank México in October 2020. Recent strategic changes include the January 1, 2025, assumption of control over non-accommodation spaces (confectionery, restaurants, bars, cafeterias, and food/beverage sales) in 33 hotels via a lease with subsidiary Tregnor, following early termination of 31 leases and two subleases with Operadora México to enhance operational efficiency; this involved a shareholders' agreement granting Fibra Inn directive power over Tregnor, consolidation of its financials, acquisition of inventory for $9,159, assumption of $1,970 in employee liabilities, and a $15,000 advisory contract with Aimbridge Latam (with $12,000 paid in January 2025). On October 26, 2024, Servicios Hoteleros Finn began providing administrative services under a specialized contract. Leadership transitioned with Jaime Cohen Bistre appointed CEO effective February 1, 2025, and Miguel Aliaga Gargollo returning as CFO; non-renewal of the Holiday Inn Puebla – La Noria management contract was notified on January 10, 2025, with termination on July 24, 2025. In Q1 2025, Fibra Inn repurchased 150,000 CBFIs for $750, distributed capital reimbursement of $66,232 ($0.0900 per CBFI) on March 27, 2025, and maintains an active sale plan for the Coatzacoalcos hotel classified as held for sale; earlier in March 2024, Trust CIB/3096 prepaid bank debt totaling approximately $60 million to Banorte and Sabadell.