November 11, 2014 – MONTERREY, Mexico – Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) (“Fibra Inn” or “the Company”), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced that it signed a letter of intent with Operadora de Hoteles City Express, S.A. de C.V. (“Hoteles City Express”) to develop 10 hotels in various locations throughout Mexico during the next two years, under any of the following brands: City Express, City Express Plus, City Express Junior or City Express Suites.
In accordance with the letter of intent, Fibra Inn will make all of the necessary investments required for the development and initiation of operations of the hotels. Furthermore, it establishes that Hoteles City Express will manage operations for at least six of such properties and Fibra Inn will manage up to four of the properties.
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.
