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/FIRST AND FINAL ADD NY0102 -- GRUPO POSADAS THIRD QUARTER REVIEW 1993/

 POSADAS
 Information From the Chairman
 POSADAS L
 Price per share N$2.45
 U P A N$0.168
 Price/Earnings Price/Book Value
 Posadas 14.62 X 1.1 X
 Mercado 15.1 X 2.2 X
 RELEVANT EVENTS
 1. Revenues on the sale of shares of the Holiday Inn Crowne Plaza
 Monterrey and participation in tobacco shops.
 2. Openings of the Fiesta Inn Xalapa and the Fiesta Inn Puebla.
 3. Signing of contract with administration of Fiesta Americana
 Veracruz.
 4. Formalized investment of 51 percent in Fiesta Americana Merida
 Summary of Financial Information (N$ millions)
 Accumulated
 1993 percent 1992 percent
 Total assets 1,584 100 1,197 100
 Total liabilities 674 43 387 32
 Taxable capital 890 57 810 68
 Net sales 361 100 346 100
 Operating results 51 14 50 14
 Net majority results 48 13 40 12
 Basic Operating Statistics
 Effective Tariff Occupancy Tariffs
 Var. Percent Var. Var.
 93 Real pct. 93 Percent 93 Real pct.
 N$177 (6) 68 (1) N$261 (5)
 Number of Rooms by Hotel Brand
 Hotel Brand No. of Hotels No. of Rooms
 Fiesta Americana 17 6,840
 Fiesta Inn 8 (1) 1,248
 Holiday Inn 8 1,422
 Holiday Inn Crowne Plaza 1 288
 Others 3 751
 Total 37 10,549
 (1) Includes F.I. Puebla y Xalapa
 New Hotels & Hotels Under Construction
 Hotel Location No. of Rooms Opening Date
 New
 (1) Fiesta Inn Xalapa 120 August 1993
 (2) Fiesta Inn Puebla 148 September 1993
 Under Construction
 (1) Fiesta Americana Tuxtla Gtz. 217 January 1994
 (2) Fiesta Americana Merida 350 December 1994
 (3) Fiesta Americana Veracruz 230 December 1994
 (4) Fiesta Americana Queretaro 200 January 1995
 (5) Fiesta Inn Oaxaca 120 December 1993
 (6) Fiesta Inn Tlanepantla 132 February 1994
 (7) Fiesta Inn Colima 100 July 1994
 (8) Fiesta Inn Monterrey 160 August 1994
 (9) Fiesta Inn Guadalajara 160 August 1995
 Total Rooms 1,937
 GRUPO POSADAS, S.A. DE C.V.
 (Amounts in NPs$ Thousands through Sept. 30, 1993)
 1993 1992 Var. pct.
 Total Revenue 361,003 346,486 4
 Owned Hotels
 Revenue 243,024 248,813 (2)
 Direct Cost 160,301 165,330 3
 Contribution 82,723 83,483 (1)
 Management Services
 Revenue 60,257 63,608 (5)
 Direct cost 48,691 47,302 (3)
 Contribution 11,566 16,306 (29)
 Other Related Businesses
 Revenue 57,722 34,065 69
 Direct Cost 52,245 36,924 (41)
 Contribution 5,477 (2,859) 292
 Corporate expenses 20,643 23,579 12
 Depreciation 27,992 23,204 (21)
 Operating profits 51,131 50,147 2
 Comp. financial expenses 9,629 17,898 46
 Other income (9,865) (6,480) 52
 Extraordinary expenses (2,793) 0 100
 Profit before income taxes 54,160 38,729 40
 Income taxes/profit sharing 9,461 3,099 (205)
 Income from affiliated Co.s 3,965 4,422 (10)
 Net income before minority
 Interest 48,664 40,052 22
 Minority interest 972 29 3,252
 Net income 47,692 40,023 19
 Variation in real terms.
 -0- 10/27/93 AA NY0102
 /PRNewswire -- Oct. 27/
 /END FIRST AND FINAL ADD/


CO: Grupo Posadas ST: IN: LEI SU: ERN

MP-TW -- NY0102A -- 7602 10/27/93 19:00 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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