Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), announced today the opening of City Express Junior Aguascalientes Centro, reaching 107 properties and more than 12,000 rooms in operation.
The City Express Junior Aguascalientes Centro hotel is the second hotel of the chain in the state of Aguascalientes and was developed under a management contract. This new property will serve travelers with business activities related to automotive, manufacturing, mining, and tourism services.
With this new property Hotels City Express extends its coverage within the Bajio region, a key location for diverse industrial activities and one of the main economic growth engines of the country.
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 107 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.
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 (Ariel Bozza), J.P. Morgan (Adrián Huerta), Morgan Stanley (Rafael Pinho), Santander (Cecilia Jiménez). Signum Research (Armando Rodriguez), UBS (Marimar Torreblanca) and Vector Análisis (Marco Montañez).
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