Promotora de Hoteles Norte 19 Announces First Quarter 2025 Results

Mexico City, April 23^rd, 2025 – Promotora de Hoteles Norte 19 S.A.B. de C.V. (BMV: HCITY) (“Norte 19” or “The Company”), releases its results for the first quarter of 2025 (“1Q25”). Accounting figures have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are presented in Mexican Pesos (“$”).

Financial and Operating Highlights (1Q25)

• At the portfolio level, the Average Daily Rate (“ADR”) increased by 9.3% and the Revenue Per Available Room (“RevPAR”) increased by 4.9%, compared to 1Q24, reaching $1,412 and $733 pesos, respectively. The occupancy rate was 51.9%. For the first time, the portfolio results include five HS Hotsson-branded hotels in the Full-Service segment, reflecting the Company’s operational capacity to manage different brands and segments.

• Total revenue reached $993.0 million, a 7.4% increase compared to the same quarter of 2024.

• Operating income reached $91.7 million in 1Q25, a decrease of 19.6% compared to the $114.0 million reported in the same quarter of last year.
  
  
• EBITDA and Adjusted EBITDA were $198.7 million and $200.6 million, respectively, in comparison to $224.8 million and $225.1 million in 1Q24. Adjusted EBITDA decreased 10.9% from the previous year, with a margin of 20.2% for the quarter.

• Net Loss for the period was $68.6 million, compared to a loss of $33.3 million in the same quarter of the previous year.

• Since January, the Company’s hotel portfolio has included five HS Hotsson-branded hotels in the Full-Service segment, adding 775 rooms. These hotels are in the Bajío region, in the cities of León, Querétaro, Silao, and Irapuato.

• At the end of the quarter, the portfolio operated 157 hotels, five more than in the same quarter of the previous year. The number of rooms in operation as of 1Q25 totaled 18,292, representing an increase of 789 rooms compared to the end of 1Q24.

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

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