Hoteles City Express Announces the Opening of 5 Hotels Reaching 135 Hoteles in Operation

MEXICO CITY, Dec. 15, 2017 /PRNewswire/ -- Hoteles City Express S.A.B. de C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of 5 hotels – 2 of them today and 3 more within the next two weeks - of its 2017 Development Pipeline, reaching 135 hotels in operation and more than 15,200 rooms installed before year end.

The two hotels that the Company opened today are: City Express Junior León Centro de Convenciones and City Express Tijuana Otay, meanwhile the hotels City Centro Oaxaca, City Express Monterrey Lindavista and City Express Plus León Centro de Convenciones will be receiving their first guests on December 22 and 28 of the present year.

With these openings, The Company adds 13 units of the 18 programmed to start operations in 2017 and first quarter of 2018 according to the Pipeline announced in February of 2017. As such, the Company expects to conclude its Development Pipeline 2017 with the opening of 5 more hotels in the first weeks of 2018.

About Hoteles City Express:

Hoteles City Express is considered 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 135 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/

SOURCE Hoteles City Express, S.A.B. de C.V.

Related Links

https://www.cityexpress.com/en