Promotora de Hoteles Norte 19 Announces Additional Information for Third Quarter 2024

Mexico City, October 16th, 2024 – Promotora de Hoteles Norte 19, S.A.B. de C.V. (BMV: HCITY) (“Norte 19” or “the Company”) informs the market that its third quarter 2024 earnings release includes additional financial information on our four main business lines: Hotels, Operations & Management, Development, and our technology platform, Altabix.

As part of this effort, we separated our business units and adjusted cost and expense to more accurately reflect the financial performance of each. Previously, certain expenses—such as general management, finance, accounting, internal audit, and legal—were allocated to our management company. These expenses are now proportionally distributed across each business unit, providing a clearer representation of their individual performance.

To provide clearer comparisons, we are including a financial pro forma analysis on a year-on-year basis, offering a more transparent view of each business unit’s financial results.

3Q24:

3Q23:

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Héctor Vázquez
Corporate Finance, Treasury, and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@norte19.com

Ana Lucía Sors
Miranda IR
Phone: +52 833-293-4232
 
About Norte 19 
Norte 19 is a Mexican company that offers integrated solutions for the hospitality industry, dedicated to providing services ranging from the design and development of hotels to the operation and management of first-class hospitality businesses. With a track record spanning more than two decades, Norte 19 has stood out for its commitment to excellence in service, innovation in technology, and efficiency in operation. Norte 19 operates more than 150 hotels in Mexico, Colombia, Costa Rica, and Chile, establishing strong partnerships with recognized brands and continuously adapting to market demands. Norte 19 will maintain the same ticker symbol (“HCITY”) on the Mexican Stock Exchange (BMV).
For further information, please visit our website: https://norte19.com/en/investors

Share our news:

LinkedIn
Twitter
WhatsApp
Email

Latest News

[hubspot type=form portal=6135587 id=ac859e78-dc50-4cb5-8405-98ba8832f825]