For Wednesday. If you did not receive a copy via email, you can find it at www.fibrahotel.com, or email me at acardenas@fibrahotel.com. Before we begin the call today, I would like to remind you that forward-looking statements made during today's conference call do not account for future economic circumstances, industry conditions, company performance, and financial results. Unless noted, all figures included herein were prepared in accordance with international financial reporting standards and are stated in nominal Mexican pesos. Joining us from FibraHotel are Mr. Simón Galante, CEO; Mr. Eduardo López, General Manager; Mr. Edouard Boudrant, CFO; and Mr. Guillermo Bravo, CIO. With that, I will turn the call over to Simón Galante. Thank you, Antonio, and good morning, everyone. I am going to begin today's call by providing an overview of the first quarter 2024 results, and we'll then turn the call over to Edouard Boudrant, our CFO, who will discuss our financial results in more detail. We will open the call for questions and answers. During the first quarter of 2024, we continued to see the normalization, or revenue growth, coupled with operating cost pressures. The portfolio had a revenue growth of 2.4% year-over-year, with an ADR increase of 4.6% and an occupancy decrease of 130 basis points. The growth numbers were partially impacted by the seasonal effect of Easter week in Mexico. In 2023, the holiday was in April, or the second quarter of the year, while this year it was in March, or the first quarter of the year. These holiday benefits lessened travel or impact business travel. This number also reflects lower demand in certain regions and lower revenues from dollarized hotels as the peso continues to appreciate. During the quarter, the strongest growth came from the south, with a 10.6% revenue increase with a benefit from infrastructure investments, and the northeast with a 10.4% revenue growth on stronger demand. Hotels in Mexico City were flat, partially due to less city-wide events than last year. Hotels in the west and northwest had negative revenue growth, partly due to a difficult comparison base Easter week seasonality, lower demand, and FX headwinds. The winter season at the Fiesta Americana Condesa Cancún Hotel was positive, with a revenue growth in dollars of 8.4% year-on-year, even with a flat demand dynamic in Cancún. This revenue of MXN 105 million was impacted from the peso appreciation, which was 4.5% lower than last year. We estimate that the exchange rate impact during the quarter of this hotel was MXN 9 million. Food and beverage revenue for the quarter increased 6.4% year-over-year, and we have more franchise restaurants at hotels. In the quarter, we opened the Prime Steak Club San Miguel de Allende restaurant. The growth in food and beverage revenue is positive and helps position the hotels better, but this business line is generally more labor-intensive and has lower margins. Revenues for the quarter were MXN 1.286 million, and EBITDA was MXN 339 million. EBITDA margin was 26.4%. We continue to experience margin compression as there are cost pressures in operating expenses, mainly labor. On this front, we are working on a strategy together with the operators to determine the best business model to maximize the profitability at each hotel. We are also focusing on getting the best and most productive employees to be well-positioned as costs are expected to continue to increase. On the inorganic growth front, we are making progress in the planning and conceptual stages of the luxury resort development in joint venture with Fibra Danhos. We estimate that we will invest between MXN 400 million and MXN 600 million in 2024, and this is another inorganic growth project. Additionally, we are in the process of closing the sale of a hotel in the portfolio, which we expect to announce soon. We are happy to announce that for the first time since the pandemic started, we have all the hotels in our portfolio open and operating. On March 8, we reopened the Gamma León. On March 19, we opened the Wyndham Ambassador Monterrey Hotel that was repositioned from the Sheraton brand. This is the first hotel in the portfolio that is operated by Aimbridge Hospitality and the first hotel in the portfolio that was a Wyndham Hotel brand. On March 25, we opened the One Acapulco Costera after a complete remodeling following its closure due to the impact of Hurricane Otis. A core strategic objective of FibraHotel continues to be a strong balance sheet with an LTV of 24.8% and a net debt of LTV/EBITDA ratio of 2.7 times. Regarding our ESG objectives, during the quarter we published two second-party opinions for the issuance of credit linked to sustainability based on a reduction in energy consumption intensity. We also continue to advance on electricity efficiency initiatives. During the quarter, the solar panel installation at the Fiesta Inn Querétaro began operation. This is the second hotel in operation we have to plan: install panels at five hotels with an installed capacity of over 1 MW. For the first quarter of 2024, FibraHotel will make a distribution of 0.1375 per CBFI, and for the full year of 2024, we expect to make three additional quarterly distributions of 0.1375 per CBFI for a total of MXN 0.55 per CBFI for the year. This distribution represents a 10% growth from 2023. I would like to end my remarks by assuring that we are diligently working every day to improve these results, be the top hotel in each competitive set to overcome the cost headwinds we are facing. I would also like to thank all our partners and stakeholders and team for their work and commitment to FibraHotel. With that, I will now pass the call over to Edouard Boudrant, the CFO of FibraHotel, to discuss the financial and operating results of the second quarter. Thank you, Simón, and good morning, everyone. During the first quarter of 2024, we still faced both pressure on operating costs, mainly labor costs, and the appreciation of the Mexican pesos against the U.S. dollar, both factoring weighted on the profitability and cash flow generation of the quarter. We closed the first quarter with 86 hotels open for the first time since the fourth quarter of 2019. The occupancy rate of our managed hotels for the quarter was 59% versus 60.3% for the first quarter of 2023. Average daily rate was MXN 1,502, increasing 5% versus the first quarter of 2023. Quarterly revenue was MXN 886 million, representing a 2% increase versus the first quarter of 2023. The Fiesta Americana Condesa Cancún had an occupancy rate of 87% versus 84% one year ago, showing a strong beginning of the year for the property. We had net package ADR of MXN 6,352, and net package revenue was MXN 5,510, almost flat versus the first quarter of last year. In USD, as the rate is sold in dollars, ADR increased by 5% from $350-$366, and revenue increased 8% from $293-$318 versus the first quarter of last year. Total revenues for the quarter were MXN 1,286 million versus MXN 1,256 million for the first quarter of 2023, a 2% increase. The total rent collected by the hotel Fiesta Americana Condesa Cancún represented MXN 105 million, which is 8% of total revenues, decreasing 5%. During the first quarter of last year, the total rent collected was MXN 110 million and represented 9% of total revenues. Our lodging contribution for the quarter was MXN 443 million versus MXN 454 million for the first quarter of the year 2022, a 2% decrease. The margin of Lodging Contribution for the managed hotels was 27.7%, decreasing versus a 29.1% margin for the first quarter of the year 2022. Real estate expenses were MXN 21 million versus MXN 22 million for the first quarter of 2023. Corporate expenses were MXN 83 million versus MXN 80 million during the first quarter of 2023. Our EBITDA for the quarter was MXN 339 million versus MXN 353 million for the first quarter of last year. In terms of EBITDA margin, it decreased from 28.1% to 26.4%. We closed the quarter with net debt of MXN 3.8 billion, increasing MXN 47 million versus the end last year. Gross debt amounted to MXN 4.4 billion, and the LTV ratio is still very conservative at 25%. In March, we drew down MXN 130 million revolving facility. As of today, our debt structure is extremely healthy. Only 9% is maturing during the next 12 months. Average cost of debt is 9.7%, and USD denominated debt represents 17% of FibraHotel total debt versus 19% at the end of last year, or $45 million. During the quarter, the repositioning generated a financing cost of MXN 105 million. The net financial income was negative MXN 90 million. We closed the quarter with a MXN 566 million cash position, compared with MXN 680 million at the end of last year. During the first quarter, we deployed MXN 88 million of investment, maintained CapEx, and repositioned in CapEx: MXN 30 million in remodeling and restoration of the One Acapulco Costera, the fully renovated hotel opened at the end of March. MXN 27 million for maintenance CapEx. MXN 9 million for improvement in the Fairfield by Marriott Los Cabos. MXN 5 million for improvement in the Fiesta Americana Condesa Cancún. And MXN 16 million in other hotels of the portfolio. For the quarter, our FFO and our AFFO were positive MXN 258 million and MXN 172 million. Please note that, in accordance with the distribution policy decided by our Technical Committee, we will pay for the first quarter of 2024 and for each quarter of the year, a distribution of MXN 0.1375 per c ertificate. Total distribution per certificate for the year will be MXN 0.55, increasing 10% versus last year. At this point, I would like to open the floor for the Q&A session. Antonio, we are ready to take any questions. Thank you, Edouard. To ask a question, please raise your hand or send a message, and we will open your microphone. Hey, guys. Good morning. Thanks for the call for taking my questions. I have a couple. One is on the shareholder meeting point on reducing the quorum and the voting percentage change. I'm just curious, and just help me understand, what sort of changes would you guys want to do that you can get right now with the 85% that you guys have in place? That's my first question. And my second one is on Fiesta Americana Condesa Cancún. There is a significant change in the ADR year-over-year, but there is some sacrifice in the rate. So we saw the rate go up, but the occupancy rate go up, but the ADR go down. I'm just curious on what the strategy is here for that asset. Thank you very much. Hi, Felipe. Thank you for your questions. I might take both, but I can start with the first one. The first one is about the assembly. Thank you again for asking this question because it's important that everyone continues to know what we're doing at the corporate level. As you know, FibraHotel was born over 12 years ago, and the trust agreement that we have has not been able to be modified since then. As you can imagine, the original trust agreement had some cleanup issues and some regulatory changes that have happened, which need to be changed because the business has changed. The reality of the matter is we've been trying to achieve this change in the trust since 2014 when we realized we needed to make some changes. Every year, we've been trying to get as much quorum as possible because the threshold of 85% of positive vote is really high. So what we in the past, if you look at assemblies in the past, we have already presented an integrated version of the trust agreement where we presented the changes. What we're trying to do with this new approach is to actually just reduce for specific clauses the amount needed to modify the trust, and then go into detail into which clauses will be changed. What we can tell you is there's nothing relevant that's not directly related to the business that we're looking to change. We're looking to do changes that will, again, comply with regulation first because there are some things that are a little bit different between what is in our trust and what we are required to do by regulation. And then there are some other issues, such as the fact that, for instance, our committees are only able to have three members because it says three members. We increased our independent members from three to five in the past couple of years. And so they're permanent invitees to those committees, but they cannot officially vote. So those are the type of changes that we want to do. We're happy to talk through with anyone that's interested in what we're looking to achieve. But first of all, we need to get this threshold reduced so that we can actually get to work in the specific clause changes where it makes sense for all shareholders. FACC? Yeah. The strategy continues to be the same in Fiesta Americana Condesa Cancún. We're looking to maximize the revenue part. And so, as Simón said, demand in the city has not been as has not grown as much as we were able to do revenue part. So we took some groups and some business that led us to higher occupancy and not as high a rate as we had in the past. But the real.