Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), announced the appointment of Paul Smith Márquez as Chief Financial Officer.
With his extensive experience, Mr. Smith will contribute to the profitable growth of Hoteles City Express through the analysis and implementation of strategic alternatives for the Company, the financing of new properties, the enforcement of investment policies to maximize financial returns, the optimization of accounting systems and expense controls, and the investor relations program management. Mr. Smith holds a Bachelor degree in Accounting from the Universidad Panamericana in Mexico and an MBA from Harvard University in the United States.
Santiago Parra (Corporate Finance Director), Juan Carlos Pioquinto (Accounting Director) and Santiago Mayoral (Corporate Finance and Investor Relations Vice President) will continue with their existing responsibilities within the Finance Division.
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 125 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"
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