Fibra Inn completes sale of Microtel Inn & Suites
El Financiero | September 04, 2018 |

The Real Estate Investment Trust, Fibra Inn, completed the sale of the Microtel Inn & Suites by Wyndham Hotel, which is located in Culiacán, Sinaloa. The transaction was for 85 million pesos, and is part of a trust plan to dispose of non-strategic assets.

"We continue to promote the sale of non-strategic properties as part of our capital recycling plan, which is why additional hotel sale operations are expected from now on, the resources of this sale are destined to investment in other projects with greater profitability; Thus, generating greater value as asset managers, "said Óscar Calvillo, CEO of Fibra Inn, in a statement through the Mexican Stock Exchange.

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