Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), announced the opening of City Express D.F. Satelite, the 92nd property in the Company's growing hotel chain. This property represents the tenth new hotel of the Chain in the metropolitan area of Mexico City and is designed to serve travelers with commercial, industrial and specialized services needs. Hotel demand will be complemented by guests visiting this important economic center of the metropolitan area during the weekends.
City Express D.F. Satelite has a total of 89 rooms and will operate under a franchised and managed arrangement. With this new opening, Hoteles City express reaffirms its leadership in the limited service segment nationwide and extends its geographic coverage in the capital of Mexico.
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 towards the domestic business traveler.
With 92 hotels in operation located throughout Mexico, Costa Rica and Colombia, Hoteles City express operates three distinct brands: City express, City express Suites and City express junior to serve different segments of its target market. In June 2013, Hoteles City express successfully completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol "HCITY", in October 2014 Hoteles City express completed a Follow On Transaction that will allow it to accelerate its growth for the coming years.
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