Hoteles City Opens the 104-room City Express Apizaco in Mexico
MEXICO CITY - October 1, 2014 - Hoteles City Express, S.A.B. de C.V. ("Hoteles City" or "the Company") (BMV: HCITY), announced today the opening of City express Apizaco, the 90th property in the Company's growing hotel chain. This otel is the chain's first property in the state of Tlaxcala based on the Company's strategy to diversify while expanding coverage into new markets with high potential.
City express Apizaco has a total of 104 rooms and will operate under a franchised and managed arrangement. With this new opening, Hoteles City reaffirms its leadership in the limited service segment nationwide and expands its coverage to new markets, increasing our presence to 29 states in Mexico.
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 business traveler. With 90 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".
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