Hoteles City Express Announces the Opening of City Express Zamora Reaching 116 Hotels in Operation

28/10/2016 07:00

MEXICO CITY, Oct. 28, 2016 /PRNewswire/ -- Hoteles City Express, S.A.B. de C.V. ("Hoteles City Express" or "the Company") (BMV: HCITY) announces the opening of City Express Zamora. With this opening, the Company reaches 116 hotels in operation and more than 13,000 rooms in 62 cities and 29 states in Mexico, as well as in Colombia, Costa Rica, and Chile.

The City Express Zamora hotel – with 114 rooms – operates under a management contract and extends the City Express brand along the state of Michoacán, lodging business travelers related to agriculture, agroindustry and commerce.

About Hoteles City Express:

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 116 hotels in operation located throughout Mexico, Costa Rica, Colombia and Chile, 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 follow on 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 (Enrico Trotta), J.P. Morgan (Adrián Huerta), Morgan Stanley (Rafael Pinho), Santander (Cecilia Jiménez), Signum Research (Armando Rodriguez), UBS (Marimar Torreblanca).

For further information, please visit our website: https://cityexpress.com/en/investors/