July 19, 2017 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City” or “the Company”) (BMV: HCITY), announced the opening of City Express Junior Puebla Angelopolis, City Express Altamira and an expansion of the existing City Express Merida hotel, reaching 127 hotels in operation and more than 14,200 available rooms.
City Express Altamira has 127 available rooms and was developed under a co-owned scheme. This hotel will benefit from economic activity flowing from new investments in the region due to energy reforms.
Finally, the expansion of City Express Merida – also a co-owned property – represents an increase of 42 additional rooms to the existing 130 rooms. This expansion aims to take advantage of economic growth in the city, which is also a major tourist drawcard.
About Hoteles City Express:
Hoteles City Express is the leading and fastest-growing limited-service hotel chain in Mexico in terms of number of hotels, number of rooms, geographic presence, market share and revenues. Founded in 2002, Hoteles City Express specializes in offering high-quality, comfortable and safe lodging at affordable prices via a limited-service hotel chain geared mainly towards domestic business travelers. With 127 hotels in operation located throughout Mexico, Costa Rica, Colombia and Chile, Hoteles City Express operates five distinct brands: City Express, City Express Plus, City Express Suites, City Express Junior and City Centro to serve different segments of its target market. In June 2013, Hoteles City Express completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol “HCITY”; furthermore, on October 8, 2014, Hoteles City Express completed a follow on with the aim of accelerating its growth in new hotels in coming years.
For further information, please visit our website: https://cityexpress.com/en/investors/