Hoteles City Opens 13 New Hotels in Mexican High Growth Business Hubs to Reach 84 Hotels in Operation
Mr. Luis Barrios, Hoteles City's Chief Executive Officer, commented: "We are delighted with the openings of our newest properties across Mexico and also our inaugural hotel in Colombia. These new hotels in Mexico complement our presence across the most dynamic economic hubs in the country, where we've performed with success, while our second international hotel aims for a new market with strong growth potential. The opening of these properties completes our 2013 pipeline and reflects a continuation of our business strategy of offering business travelers a high-quality, affordable lodging alternative in order to continue creating brand and shareholder value."
During the remainder of 2014, Hoteles City plans to open between 14 to 16 hotels, all in Mexico, which comprises its 2014 Openings Pipeline. To date, 12 hotels are currently under construction.
Corp. Finance & Investor Relations Director
Phone: + (5255) 5249-8050 ext. 1810
About Hoteles City:
Hoteles City 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 specializes in offering high-quality, comfortable and safe lodging at affordable prices via a limited-service hotel chain geared towards the domestic traveler. With 88 hotels in operation located throughout Mexico, Costa Rica and Colombia, Hoteles City operates three distinct brands: City Express, City Suites and City junior to serve different segments of its target market. In June 2013, Hoteles City successfully completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol "HCITY". For more information please visit our Investor Relations website: www.hotelescity.com/en/investors