Hoteles City Express, S.A.B. de C.V.(BMV: HCITY), announced yesterday the opening of City Express Ciudad de México Aeropuerto, reaching 108 properties and more than 12,100 rooms in operation.
The City Express CD MX Aeropuerto hotel is the twelfth hotel of the chain in the Mexico City metropolitan area and was developed under a management contract. This new property will serve transient passengers and business travelers with activities related to logistics, services, commerce and tourism endeavors surrounding the Mexico City Airport.
With this new property Hotels City Express strengthens its brand awareness in locations with diverse and solid demand generators.
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 108 hotels in operation located throughout Mexico, Costa Rica and Colombia, 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.
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