• Strategy
  • About Fibra Inn
  • Mission / Vision
  • Business Model
  • Structure
  • Our Leadership
  • Fibra Inn Specialization in the Hotel Business
  • Value Creation for our Investors during 2014
• Highlights
  • Relevant Data
  • Contracting Debt
  • Capital Increase
  • Structure of Fibra Inn Fees
• Message to Investors
• Portfolio
• Brands Portfolio
  • Intercontinental Hotels Group (IHG)
  • Wyndham Hotel Group International
  • Hilton Worldwide
  • Marriott International
  • W International, Inc. (Starwood)
  • Camino Real
  • Casa Grande
  • Developments
• Corporate Governance
  • Technical Committee
  • Annual Report on Activities Trust F/1616 Technical Committee
  • Annual Report on Activities Trust F/1616 Audit Committee
  • Annual Report on Activities Trust F/1616 Invesment Committee
  • Annual Report on Activities Trust F/1616 Nominations Committee
  • Annual Report on Activities Trust F/1616 Credit Surveillance
  • Annual Report on the Compliance with the Fiscal Obligations
• 2014 Management Discussion and Analysis
• Consolidated Financial Statements

ANNUAL REPORT ON ACTIVITIES TRUST F/1616 TECHNICAL COMMITTEE

The undersigned, Mr. Victor Zorrilla Vargas, Chairman of the Technical Committee of the Irrevocable Trust identified under the number F/1616 (the “Trust”), hereby reports to the Shareholders’ Meeting on the completion of the following activities during the fiscal year 2014:

• Six meetings were held, during the months of April, July, August, October and November 2014 as well as in February 2015.
• The Consolidated Financial Statements were approved for March, June, September and December 2014, upon recommendation from the Audit Committee.
• The March, June, September and December 2014 Holder distributions were approved for a total of Ps. 237.1 million upon recommendation from the Audit Committee.
• The 2014 budget for the Trust and its Subsidiary was approved.
• The contract terms of KPMG as the External Auditor of the Trust for the year 2014 were approved, upon the recommendations by the Audit Committee.
• The Audited Financial Statements for the year 2013 with the corresponding Opinion Report whithout exception by the External Auditor were approved, after hearing the opinion of the Auditing Committee.
• The acquisition of the Crowne Plaza Hotel Monterrey Airport was approved, with a total investment value of Ps.384.8 million, after hearing the opinion of the Practices and Investments Committee.
• Approval was given –after hearing the opinion of the Practices and Investments Committee– to the contracting terms with Operadora México –a Related Party– of the hotels México Plaza Silao, México Plaza Guadalajara Andares, Casa Grande Chihuahua, Casa Grande Delicias, Microtel Inn & Suites by Wyndham Chihuahua, Microtel Inn & Suites by Wyndham Culiacán, Microtel Inn & Suites by Wyndham Ciudad Juárez, Microtel Inn & Suites by Wyndham Toluca, and Crowne Plaza Monterrey Airport.
• Approval was given, following the opinion of the Practices and Investments Committee, for the annual and semi-annual review of the rental for the spaces utilized by Operadora Mexico –a Related Party– in the hotels where it was determined that an updating was required.
• Approval was given for the substitution of Starwood by Gestor de Activos Prisma –a Related Party– in the operation of the Hotel Aloft Guadalajara.
• A proposal to the holders relative to the modification of the Structure of the Trust’s fees was authorized, after hearing the opinion of the Practices and Investments Committee.
• The designation of an Evaluation Committee was approved, which analyzed and authorized the contracting of Santander as a market maker.
• The integration of the Credit Oversight Committee was approved, in compliance with the regulation established by the CNBV in the “Circular Única de Emisoras” of June 2014.

San Pedro Garza García, April 24, 2015

Mr. Victor Zorrilla Vargas

Chairman of the Technical Committee
Trust F/1616