MRNO on Nasdaq

Murano Global Investments Plc

Murano Global Investments Plc is a hotels and motels company, listed on Nasdaq (MRNO).1 It is headquartered in London, United Kingdom.1

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Last updated Oct 21, 2026.

Overview

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  • TickerMRNO on Nasdaq1
  • IndustryHotels & Motels1
  • HeadquartersLondon, United Kingdom1
  • Incorporated inJersey2
  • Business address25 Berkeley Square, London, X0 W1J 6Hn2
  • Filer categoryNon-accelerated filer, Emerging growth company2

As a result of the foregoing transactions, there were 79,242,873 ordinary shares and 16,875,000 warrants outstanding as of March 20, 2024.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in MXN, the currency the company reports in.

Key numbers, fiscal 2024

-488.8%Net margin4
154.6%Revenue growth, 20244
-68.5%Return on equity4
1.48×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Selling, general and admin61¢1.4B MXN
  • Interest35¢797.0M MXN
  • Income tax3¢72.7M MXN

Out of 730.0M MXN in revenue.4 The company lost money this year.

Financial statements

Revenue54730.0M MXN in 2024+47639% since 2021
0200.0M MXN400.0M MXN600.0M MXN800.0M MXN2021: 1.5M MXN1.5M MXN20212022: 6.4M MXN6.4M MXN2022+321%2023: 286.7M MXN286.7M MXN2023+4357%2024: 730.0M MXN730.0M MXN2024+155%
Net income54-3.6B MXN in 2024+3282% since 2021
-4.0B MXN-3.0B MXN-2.0B MXN-1.0B MXN01.0B MXN2021: -105.5M MXN-105.5M MXN20212022: 244.4M MXN244.4M MXN20222023: 57.8M MXN57.8M MXN2023−76%2024: -3.6B MXN-3.6B MXN2024

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenue1.1B MXN730.0M MXN286.7M MXN
Employee Benefits401.8M MXN325.5M MXN158.8M MXN
Food & Beverage and service cost197.0M MXN98.4M MXN50.5M MXN
Sales commissions33.8M MXN37.6M MXN12.0M MXN
Management fees operators49.8M MXN23.9M MXN6.0M MXN
Depreciation and amortization288.4M MXN319.8M MXN135.5M MXN
Property tax10.1M MXN12.4M MXN10.1M MXN
Fees141.4M MXN151.7M MXN81.2M MXN
Administrative fees5.0M MXN17.5M MXN16.1M MXN
Maintenance and conservation86.7M MXN52.7M MXN9.7M MXN
Utility expenses65.6M MXN67.5M MXN11.8M MXN
Advertising48.7M MXN53.1M MXN7.3M MXN
Donations5.6M MXN7.8M MXN7.7M MXN
Insurance46.7M MXN35.8M MXN14.8M MXN
Software1.5M MXN6.9M MXN6.7M MXN
Cleaning and laundry11.7M MXN11.3M MXN9.2M MXN
Replacement reserve (FF&E & OS&E)35.4M MXN9.3M MXN0 MXN
Bank commissions36.2M MXN31.1M MXN8.3M MXN
Operating supplies and equipment467.6K MXN21.8M MXN0 MXN
Other costs84.9M MXN98.2M MXN62.2M MXN
Total direct and selling, general and administrative expenses1.6B MXN1.4B MXN608.1M MXN
Other income83.8M MXN190.2M MXN25.6M MXN
Other expense-2.2M MXN-5.5M MXN-9.8M MXN
Listing expense0 MXN-917.4M MXN0 MXN
Gain (loss) on revaluation of investment property75.0M MXN239.5M MXN-86.6M MXN
Changes in fair value of financial derivative instruments0 MXN-43.3M MXN-75.9M MXN
Changes in fair value of warrants63.5M MXN-51.9M MXN0 MXN
Changes in fair value of crypto assets1.0M MXN0 MXN0 MXN
Exchange rate income (loss), net1.4B MXN-1.5B MXN768.7M MXN
Interest income14.4M MXN34.9M MXN8.8M MXN
Interest expenses-1.5B MXN-797.0M MXN-303.7M MXN
(Loss) profit before income taxes-285.3M MXN-3.5B MXN5.7M MXN
Income tax (benefit) expense-2.9M MXN72.7M MXN-52.1M MXN
Net (loss) profit for the period-282.4M MXN-3.6B MXN57.8M MXN
Revaluation of property, construction in process and equipment net of deferred income tax-2.6B MXN234.4M MXN-623.0M MXN
Remeasurement of net defined benefit liability net of deferred income tax955.9K MXN11.6K MXN87.2K MXN
Cumulative translation adjustment-9.9M MXN-5.2M MXN0 MXN
Other comprehensive income (loss) for the period-2.7B MXN229.1M MXN-622.9M MXN
Total comprehensive (loss) income-2.9B MXN-3.3B MXN-565.1M MXN

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Corporate structure

Murano Global Investments Plc sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Murano Global Investments Plc

  • Murano Global Investments Plc London, United Kingdom

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Murano Global Investments Plc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net18.8B MXN4 Dec 31, 202417.4B MXN4 Dec 31, 2023+8.0%
Operating-lease assets (leased space)200.2M MXN4 Dec 31, 2024217.0M MXN4 Dec 31, 2023−7.8%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net1.3B MXN4 Dec 31, 20241.1B MXN4 Dec 31, 2023+21.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents970.4M MXN4 Dec 31, 2024146.4M MXN4 Dec 31, 2023+563.0%

Inventory

ItemLatestA year beforeChange
Inventory, total11.5M MXN4 Dec 31, 20241.4M MXN4 Dec 31, 2023+709.8%

Leadership

Who has led Murano Global Investments Plc, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (3)

Former names

  • Murano Global Investments LtdAug 9, 2023 to May 1, 20242

Timeline

  1. May 11, 2026New chief executive Cababie Elias Sacal becomes CEO7

Filings

79 filings to the SEC since October 2021: 5 annual reports, 4 insider forms, 3 large holders, 67 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Oct 7, 20266-K EDGAR
  3. Aug 14, 20266-K EDGAR
  4. Aug 4, 20266-K EDGAR
  5. Jul 29, 20266-K EDGAR
  6. Jul 27, 20266-K EDGAR
  7. Jul 22, 20266-K EDGAR
  8. Jul 14, 20266-K EDGAR
  9. Jun 4, 20266-K EDGAR
  10. May 15, 202620-F EDGAR
  11. May 11, 20263 EDGAR
  12. May 11, 20263 EDGAR
  13. May 11, 20263 EDGAR
  14. May 11, 20263 EDGAR
  15. Apr 30, 2026NT 20-F EDGAR
  16. Apr 13, 20266-K EDGAR
  17. Mar 10, 20266-K EDGAR
  18. Dec 30, 20256-K EDGAR
  19. Oct 15, 20256-K EDGAR
  20. Sep 30, 20256-K EDGAR

The 79 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Murano Global Investments Plc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMurano Global Investments Plc1
  • CIK0001988776
  • Employer ID (EIN)98-17438511
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company3
  • Incorporated inJersey3
  • Industry code (SIC)7011 Hotels & Motels1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address25 Berkeley Square, London, X0 W1J 6HN1
  • Phone44(0)20716764401
  • Shares outstanding79,718,832 shares as of Dec 31, 20253
  • AuditorKPMG Cárdenas Dosal, S.C., Mexico City, Mexico PCAOB ID 1141; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceAug 9, 20231
  • Filings79 in all: 6-K (28), CORRESP (8), UPLOAD (8), 424B3 (7), F-4/A (6), 20-F (4), 3 (4), NT 20-F (3)1
    All 17 form types

    EFFECT (2), SC 13D (2), 20-F/A (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-4 (1), SC 13G/A (1)

  • Latest filingsAnnual report (20-F) May 15, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, no par valueMRNONASDAQ
Warrants, each exercisable for one ordinary share at an exercise price of $11.50 per ordinary shareMRNOWNASDAQ

From the cover page of the 20-F filed May 15, 2026 (Section 12(b) of the Exchange Act).3