Hoteles City Express Announces the Opening of Hotel City Express Suites Cancún Aeropuerto, Reaching 141 Hotels in Operation

MEXICO CITY, Oct. 24, 2018 /PRNewswire/ -- Hoteles City Express, S.A.B. de C.V. ("The Company") (BMV: HCITY), announced the opening of City Express Suites Cancún Aeropuerto, reaching 141 hotels in operation, and close to 15,900 available rooms in 69 cities and 30 states in México, as well as Colombia, Costa Rica, and Chile.

City Express Suites Cancún Aeropuerto has 63 available rooms and it was developed under a co-investment model. This new property will serve extended-stay travelers with activities related to business and commerce as well as congresses, and benefit from the potential demand due to the closeness to an industrial park. In the same way, the hotel will be a meeting point due to its location near Cancún International Airport.

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 141 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.