As part of the non-strategic asset divestment strategy, Fibra Inn (FINN13) completed the sale of the Holiday Inn Express Guadalajara Autónoma hotel, for which it will obtain 259 million pesos, plus value added tax (VAT).

"This transaction is strategic for Fibra Inn, since it allows us to maintain a healthy cash level, sufficient to cover our commitments and maintain a comfortable liquidity while the occupancy and income continue to recover," said Óscar Calvillo, general director of the hotel trust .

In a brief notice to the market, the hotel real estate trust in Mexico specialized in serving the business traveler, stated that as part of the operation it received a first partial payment of 50 million pesos; expecting to receive another 70 million pesos no later than July 10 and the remaining 139 million will be settled as a deadline on August 15.

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Fibra Inn estimates that with this operation it will have more than 210 million pesos in cash by the end of next July, which will be maintained for the rest of the year without increasing the company's level of leverage.

According to its recent report, at the end of March it had 61.1 million pesos in cash.

“This operation represents 250 million of immediate net resources for Fibra Inn, considering the VAT compensation in favor, the payment of the respective commissions derived from the early termination of contracts payable to the brand and the hotel operator, as well as the corresponding commission to the real estate agent, ”the company said.

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