Hoteles City Express Concludes its 2018 Development Pipeline Reaching 152 Hotels in Operation
Hoteles City Express S.A.B. De C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of 8 hotels reaching 152 hotels in operation and more than 17,100 rooms installed over the next weeks.
With these openings, The Company concludes its development pipeline of the year with 17 new units compared to the 135 hotels that operated at the end of 2017.
The following is a summary of the 2018 Development Pipeline.
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