Murano Global Investments
Operates and develops branded Mexican hotels with Hyatt and Accor.
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Profile
Operates and develops branded hotel real estate in Mexico City and Cancún, earning primarily from stays, food and beverage, all-inclusive packages and guest services. The founder-controlled portfolio relies on Hyatt and Accor for day-to-day management, distribution and brand platforms.
Owns and develops Mexican hospitality real estate, with three operating branded hotels: Andaz Mexico City Condesa, Mondrian Mexico City Condesa and Hyatt Vivid Grand Island Cancún. Revenue comes mainly from rooms, food and beverage, all-inclusive packages and related guest services.
Relies on Hyatt and Accor for day-to-day management, brand standards, reservation and loyalty systems, marketing and distribution, while supplying the real estate, capital and owner obligations. A proposed transition of the Cancún property to a Mondrian hotel and branded residences remains conditional on debt restructuring. All reported real-estate assets are in Mexico, with corporate offices in London and Mexico City. The issuer is founder-controlled.
Company facts
Key statistics
Year to date −63.2% · Average volume (30d) 251.2K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Fiscal year | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise |
|---|---|---|---|---|---|---|
| 2025 | — | −$3.56 | — | — | $1.14B | — |
| 2024 | — | −$45.46 | — | — | $730.0M | — |
| 2023 | — | −$3.67 | — | — | $310.4M | — |
| 2022 | — | $89.22 | — | — | $108.7M | — |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.8M | $17.4M | $18.8M | $15.9M | $12.1M | $20.1M | |
| Gross profit | $7.5M | $13.0M | $15.1M | $6.1M | $12.6M | $12.4M | |
| Operating income | −$10.3M | −$60.7M | −$3.8M | −$3.0M | −$12.2M | −$2.4M | |
| Net income | −$49.9M | −$95.7M | −$18.6M | $20.3M | −$12.7M | −$5.6M | |
| Diluted EPS | −$0.64 | −$1.22 | −$0.23 | $0.26 | −$0.16 | −$0.07 | |
| Gross margin | 77.2% | 74.8% | 80.2% | 38.2% | 103.6% | 61.5% | |
| Operating margin | -104.9% | -349.5% | -20.0% | -18.7% | -100.5% | -12.1% |
Fiscal years (4-quarter sums)FY22 $6.4M · FY23 $18.2M · FY24 $42.9M · FY25 $67.0M
Balance sheet, Dec 31, 2025Cash & short-term investments $16.1M · Total debt $640.0M · Total assets $1.03B · Shareholders' equity $135.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 79.72M · Float 1.40M · 1.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Cababie Elias Sacal · director, 10 percent owner, officer: Director and CEO | 69.15M | 86.75% | Form 4 | May 11, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Marriott International
Luxury city hotels and Cancún resorts compete for premium guests.
- Airbnb
Alternative-lodging platform diverting Mexico City and Cancún stays.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Murano Global Investments | $0.2140 | +0.23% | $17.0M | — | — | 0.3 | — |
| Marriott International | $351.16 | +0.01% | $91.55B | 36.7 | 28.6 | 3.4 | +4.9% |
| Airbnb | $189.63 | +0.10% | $112.43B | 43.2 | 33.6 | 8.5 | +16.5% |
| Median | 40.0 | 31.1 | 6.0 | +10.7% |




