Hoteles City Express S.A.B. de C.V. announced the opening of two new hotels: City Express Suites Tijuana Rio in Mexico and City Express Santiago Aeropuerto in Chile. With these openings, the Company reaches 113 hotels in operation and 12,682 rooms to lodge travelers in 61 cities in 29 states of Mexico, as well as in Colombia, Costa Rica, and Chile.
City Express Suites Tijuana Rio – with 79 available rooms – operates under a management contract and extends the City Express Suites brand in the largest market in the state of Baja California. Tijuana is characterized by strong occupancy levels and diverse demand generators, including industry, maquila, services, commerce and tourism.
The opening of City Express Santiago Aeropuerto consolidates the Company's expansion plans outside Mexico. This co-owned property, with 142 available rooms, will be focused on meeting lodging demand linked to the international airport and industrial parks in the surrounding areas.
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 113 hotels in operation located throughout Mexico, Costa Rica, Colombia and Chile, Hoteles City Express operates four distinct brands: City Express, City Express Plus, City Express Suites and City Express Junior 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 subsequent public offering of stock with the aim of accelerating its growth in new hotels in coming years.
HCITY is covered by the following financial institutions and analysts: Actinver (Pablo Duarte), Bank of America Merrill Lynch (Carlos Peyrelongue), Citigroup (Dan McGoey), ITAU BBA (Enrico Trotta), J.P. Morgan (Adrián Huerta), Morgan Stanley (Rafael Pinho), Santander (Cecilia Jiménez), Signum Research (Armando Rodriguez), UBS (Marimar Torreblanca).
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