Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), announces the opening of City Express Reynosa Aeropuerto, reaching 111 properties in operation and more than 12,450 rooms to host travelers along 61 cities in 29 states of Mexico, as well as in Cali, Colombia, and San Jose, Costa Rica.
City Express Reynosa Aeropuerto is the sixth hotel of the Company in the state of Tamaulipas and the second in the city of Reynosa. The property is 100% owned by Hoteles City Express. This new property is focused on offering a convenient lodging alternative to business travelers with industrial, commercial and manufacturing activities across the border between Mexico and the United States. The property will benefit from the strategic location between the local airport and the border crossing.
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 111 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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