Fibra Inn Finalizes Operation Optimization at 28 Hotels

Fibra Inn, the Mexico-based hospitality real estate investment trust, has completed the internalization of operations for 28 hotels after acquiring the related operating contracts, closing a transition it first announced in early November 2025. The process concluded on Jan. 15, 2026, marking a strategic shift toward a more integrated, owner-led operating model. 

As part of the transaction, Fibra Inn agreed to pay MX$172.3 million (US$9.62 million) to the previous operator. The trust said the consideration was calculated using standard global hotel-industry practices and represented an about 60% economic reduction versus the original contracts, equivalent to roughly 1.9 years of the prior compensation structure.

Fibra Inn expects the internalization to unlock operational efficiencies across the portfolio. The company estimates a payback period of around four years for the consideration paid, and projects an annual return of 25% to 30% under a perpetual-horizon framework, with upside potential if additional efficiencies are achieved. 

Beyond cost savings, the trust argues the move will streamline future acquisitions by eliminating extra fees that can complicate integration and dilute asset-level economics. By bringing operations in-house, Fibra Inn expects a more direct link between each property’s operating performance and its valuation, supporting a more orderly acquisition process and clearer value capture for investors.

The internalization covers 28 hotels totaling 4,774 rooms across key industrial, business, and tourism markets in Mexico, spanning both international and domestic brands. Fibra Inn says it had already been operating the Holiday Inn Monterrey Valle and Holiday Inn Puebla La Noria internally, which helped set the foundation for the broader rollout.

Fibra Inn’s internal operating model has been building for several months. In July 2025, the company announced it would assume the direct operation of two properties, Holiday Inn Puebla La Noria and Holiday Inn Monterrey Valle, starting Aug. 1, 2025 and Sept. 1, 2025, respectively. The company said the shift would accelerate decision-making, improve control over assets and operations, and create financial efficiencies, objectives that later underpinned the broader 28-hotel internalization.

“This milestone represents the next step in our transformation. In 2017, we successfully internalized Fibra Inn’s administration; now we are doing the same with hotel operations. This will allow us to generate value more effectively, achieve significant efficiencies, and elevate the quality of our guests’ experience,” says Miguel Aliaga, Director of Administration and Finance, Fibra Inn.