Mexico City, April 29th, 2026 – 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 2026 (“1Q26”). Accounting figures have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are presented in Mexican Pesos (“$”).
Financial and Operating Highlights (1Q26)
- At the portfolio level, the Average Daily Rate (“ADR”) decreased by 1.5% and the Revenue Per Available Room (“RevPAR”) increased by 0.8%, compared to 1Q25, reaching $1,390 and $739 pesos, respectively. The occupancy rate was 53.2%.
- Total revenue reached $993.7 million, a 0.1% increase compared to the same quarter of 2025.
- Operating Income reached $94.8 million in 1Q26, a 3.3% increase compared to the $91.7 million reported in the same quarter of last year.
- EBITDA and Adjusted EBITDA were $191.8 million and $191.9 million, respectively, in comparison to $198.7 million and $201.5 million registered in 1Q25. This variation represented a decrease of 3.5% in the EBITDA, and 4.8% in Adjusted EBITDA, with margins of 19.3% for both metrics, compared to 20.0% and 20.3% margins, respectively, in the same quarter from last year. Adjusted EBITDA excludes the impact of the extraordinary expenses to provide a more meaningful comparison of operating
- During the quarter, Norte 19 registered a Net Loss of $27.6 million compared to a loss of $68.6 million in the same quarter of the previous year.
- At the end of the quarter, the portfolio operated 141 hotels, with the change reflecting the Company’s strategy to optimize its current hotel units and the integration of seven City Express Suites by Marriott properties. The number of rooms in operation as of 1Q26 totaled 17,027, representing a decrease of 1,265 rooms compared to the end of 1Q25.
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Investor Relations Contact Details
Tito Mendoza
Director of Investor Relations
Phone: +52 55-5249-8050
E-mail: tmendoza@norte19.com
Ana Lucía Sors
Miranda IR
Phone: +52 833-293-4232
E-mail: ana.sors@miranda-partners.com