Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), announced today the opening of City express Monterrey Norte, the 87th property in the Company's growing hotel chain. This hotel is located in the state of Nuevo Leon and is the third property that Hoteles City has in Monterrey, one of the leading business and industrial hubs in the country.
City express Monterrey Norte has a total of 115 rooms and will operate under a managed arrangement. With this new opening, Hoteles City reaffirms its leadership in the limited service segment nationwide and expands its coverage in one of the most dynamic cities in Mexico.
Hoteles City 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 specializes in offering high-quality, comfortable and safe lodging at affordable prices via a limited-service hotel chain geared towards the domestic business traveler. With 87 hotels in operation located throughout Mexico, Costa Rica and Colombia, Hoteles City operates three distinct brands: City express, City Suites and City junior to serve different segments of its target market. In June 2013, Hoteles City successfully completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol "HCITY".
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