Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), announced the opening of its City Express CDMX Alameda hotel, reaching 110 properties in operation in the first half of the year. With this new property, the company registers four hotels opened during the second quarter of 2016 and a total of 12,348 installed rooms, distributed along 29 states of the country, 61 cities in Mexico and two in Latin America – San Jose, Costa Rica and Cali, Colombia.
The City Express CDMX Alameda hotel, opened last week, is the thirteenth hotel of the chain in Mexico City and is operating under a management contract. With 112 rooms, this property will be focused on serving business travelers involved in commercial activities and services who seek accommodation in the downtown area of the capital of the country.
With this new hotel, Hoteles City Express strengthens its brand presence in locations widely exposed to 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 110 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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