Fibra Inn Announces Resolutions of Its Meeting with CBFI Holders

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 today the following resolutions which were adopted at a meeting of its CBFI holders on July 18, 2014:

ONE.- It was agreed, as proposed, to enter into a credit line of up to Ps. 2.3 Billion, in order to finance real estate investments.

TWO.- Agreement for Fibra Inn, subject to due authorization by the ad hoc Committee, to cover the expenditure caused by wages, notary expenses, advise, and in general, all services leading to acquire the agreed credit line, as per Resolution ONE.

THREE.- Mr. Oscar Eduardo Calvillo Amaya, Laura Nelly Lozano Romero, and Alejandro Javier Leal Isla Garza, were authorized to act as Delegates to take on the negotiations with the corresponding financial institutions as needed, leading to the acquisition of credit lines as agreed upon, as per Resolution ONE; and also, to instruct the Trust Fiduciary to sign all contracts and documents as needed for this purpose.

FOUR.- By virtue of Agreement on Resolution ONE, the un-transferable power of the Trust's Technical Committee is acknowledged, to assign a Committee or Sub-Committee to oversee compliance with the credit mechanisms and control, pursuant to Article 7, Section II, Item c), number 1.3.5 of the General Provisions Applicable to Issuers of Securities and other Parties in the Securities Market.

FIVE.- It was agreed that in case of an eventual default in the Debt Service Coverage, as provided in Article 7, Section II, Item c) point 1.14 of the General Provisions Applicable to Issuers of Securities and other Parties of the Securities Market, entering into the credit line agreed upon as per Resolution ONE on the second quarter of 2014 shall constitute the corrective plan that is mentioned on Article 7, Section II, Item c), Point 1.13, last paragraph of those Provisions.

SIX.- It was agreed that, if applicable, in order to execute the corrective plan as per the previous Resolution, the plan must be approved by the majority of the Independent Members of the Trust´s Technical Committee, once the eventual default of the Debt Service Coverage on the second quarter of 2014 is public, pursuant to Article 7, Section II, Item c), point 1.14 of the General Provisions Applicable to Securities Issuers and Other Parties in the Securities Market.

SEVEN.- The Common Representative was assigned to act as special delegate of this Shareholders Meeting, in order to appear, by means of his agent or agents assigned, before the public notary of his choice to notarize the proceedings agreed upon during this Shareholders Meeting and to publish the Decisions adopted herein.

EIGHT.- This minute was thereby approved unanimously.

About the Company

Fibra Inn is a Mexican trust formed primarily to acquire, own, develop, operate and rent a broad range of hotel properties in Mexico. Headquartered in Monterrey, Fibra Inn has a portfolio of high-quality hotels and geographically-diverse located in 13 states throughout Mexico, comprising approximately 4,644 rooms, which 898 are under construction. The Company has signed Franchise Agreements with IHG to operate its global brands Holiday Inn, Holiday Inn Express, and Holiday Inn Express & Suites; with Hilton to operate its brand Hampton Inn by Hilton; and is in the process with Starwood Hotels & Resorts Worldwide to operate the brand Aloft. Additionally, Fibra Inn has agreements with IHG, Marriott International and Wyndham Hotel Group. These hotels enjoy some of the industry’s top loyalty programs and, offer attractive hotel options for businesses travelers. Fibra Inn recently listed its Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange and trades under the ticker symbol “FINN13”.

For more information, please visit our corporate site and investor relations section at: http://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.

Contacts

For more information please visit http://fibrainn.mx/en/investors.php or contact:
In Monterrey, Mexico:
Fibra Inn
Lizette Chang, IRO, 52 1 (81)1778-5926
lchang@fibrainn.mx
www.fibrainn.mx
or
In New York:
i‐advize Corporate Communications, Inc.
Maria Barona / Melanie Carpenter
212-406-3691/92
mbarona@i-advize.com / mcarpenter@i-advize.com
twitter: @fibrainn

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Contacts

For more information please visit http://fibrainn.mx/en/investors.php or contact:
In Monterrey, Mexico:
Fibra Inn
Lizette Chang, IRO, 52 1 (81)1778-5926
lchang@fibrainn.mx
www.fibrainn.mx
or
In New York:
i‐advize Corporate Communications, Inc.
Maria Barona / Melanie Carpenter
212-406-3691/92
mbarona@i-advize.com / mcarpenter@i-advize.com
twitter: @fibrainn