HOTEL releases 2017 guidance. 40% growth in Revenu
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MEXICO CITY, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Grupo Hotelero Santa Fe, S.A.B. Of C.V. (BMV: HOTEL ) ("HOTEL" or "the Company"), one of the leading companies in the hotel industry in Mexico, announced its 2017 guidance. The information follows:
Total Revenues 2017: 1,710 Total Revenues 2016: 1,221 Change in Revenues: 489 % Change in Revenues: 40.0%
EBITDA 2017: 619 EBITDA 2016: 426 Change in EBITDA: 193% % Change in EBITDA: 45.3%
EBITDA Margin 2017: 36.2% EBITDA Margin 2016: 34.9% Change in EBITDA Margin: 130 basis points
HOTEL’s 2017 guidance has been prepared using avg exchange rate US Dollar/Mexican Peso of US$: $20.50
About HOTEL Hotel is a leading company in the Mexican hotel industry, centered on acquiring, converting, developing and operating its own hotels as well as third party-owned hotels. The Company focuses on strategic hotel location and quality, a unique hotel management model, strict expense control and the proprietary Krystal® brand as well as other international brands. As of year-end 2016, the Company employed over 2,600 people at 23 hotels in Mexico and generated revenues of Ps. 1,221 million. For more information, please visit www.gsf-hotels.com
Contact Information Enrique Martínez Guerrero CFO +52 55 5261 0800 Maximilian Zimmermann IR Director +52 55 5261 4508
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