Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) ("Fibra Inn" or "the Company"), the Mexican real estate investment trust specializing in the hotel industry serving the business traveler with global brands, announced the purchase of a land bank in the immediate area of the Monterrey Airport that will be used to develop, via third-party investors, a Marriott hotel under the Strategic Hotel Acquisition Pipeline structure. In order to develop this property, Fibra Inn will lead a joint venture with a group of investors. Fibra Inn will have a participation of a minimum of 12% and a maximum of 20% of the total investment, and will maintain control of the job execution, commercial decisions, product and brand definitions. Grupo Hotelero Prisma will be in charge of the hotel operations. The total investment for Fibra Inn and its joint venture partners will be approximately Ps. 328.0 million; this amount will be paid down in accordance with the work progress. Fibra Inn paid Ps. 27.3 million for the purchase of the land bank, plus Ps. 1.2 million in acquisition expenses related to taxes and due diligence costs. The Company will also invest approximately Ps. 10.7 million for franchise payments and design work that must first be approved by Marriott International. Project planning will conclude at the end of 2016 and construction is expected to last for approximately 18 months. The hotel is expected to initiate operations during the second quarter of 2018. Fibra Inn could potentially have 100% ownership of this hotel between years 4 and 5. "The formalization of the projects under the Strategic Hotel Acquisition Pipeline structure lay the groundwork for a new development for our hotels. This structure gathers capital from our investment partners, experience of the real estate developers, as well as Fibra Inn's own hotel leadership and industry experience. This is a win-win situation for all of us. It is evident to us that there is great appetite and interest from investors to take part in these types of projects, as a result of the momentum that the Mexican hotel industry is achieving. This is a win-win situation for all of us. For Fibra Inn, this is the best way of acquiring properties, built to suit and with stabilized revenues," stated Oscar Calvillo, Chief Executive Officer of Fibra Inn . This full service property will have 180 rooms.