Subject: CXP
Hoteles City Express Concludes its 2018 Development Pipeline Reaching 152 Hotels in Operation
MEXICO CITY, Dec. 13, 2018 /PRNewswire/ -- 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.
On December 17 2018, City Express Plus Mérida will open its doors, meanwhile The City Express CDMX La Villa, City Express Plus Ensenada, City Express Ensenada and City Express Plus Tijuana hotels will start operations between December 22 and 31 of the present year. Additionally the City Express CDMX Tlalpan, City Express Plus Chihuahua and City Centro San Luis Potosí hotels will open their doors in the first weeks of the coming year.
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.
Hotel | Development | Hotel | Brand | Investment | Opening | Rooms | Location |
136 | 1 | Ce Tepic | City express | Franchise | jan-18 | 125 | Nayarit |
137 | 2 | Ce Atlixco | City express | Franchise | Mar-18 | 108 | Puebla |
138 | 3 | Ce Comitán | City express | Managed | apr-18 | 105 | Chiapas |
139 | 4 | Ce Gustavo Baz | City express | Managed | Jun-18 | 125 | Estado de México |
140 | 5 | CP Cancún Aeropuerto | City express Plus | Co-Owned | Oct-18 | 120 | Quintana Roo |
141 | 6 | CS Cancún Aeropuerto | City express Suites | Co-Owned | Oct-18 | 63 | Quintana Roo |
142 | 7 | CP Interlomas | City express Plus | Owned | Nov-18 | 141 | Estado de México |
143 | 8 | CP Tampico | City express Plus | Co-Owned | Nov-18 | 126 | Tamaulipas |
144 | 9 | Cj CDMX Sullivan | City express junior | Owned | dec-18 | 96 | Ciudad de México |
145 | 10 | CP Mérida | City express Plus | Co-Owned | dec-18 | 135 | Yucatán |
146 | 11 | Ce CDMX La Villa | City express | Managed | dec-18 | 106 | Ciudad de México |
147 | 12 | Ce Ensenada | City express | Co-Owned | dec-18 | 127 | Baja California |
148 | 13 | CP Ensenada | City express Plus | Co-Owned | dec-18 | 134 | Baja California |
149 | 14 | CP Tijuana | City express Plus | Owned | dec-18 | 154 | Baja California |
150 | 15 | Ce CDMX Tlalpan | City express | Managed | jan-19 | 96 | Ciudad de México |
151 | 16 | CP Chihuahua | City express Plus | Managed | jan-19 | 122 | Chihuahua |
152 | 17 | CC San Luis Potosí | City Centro | Owned | Feb-19 | 70 | San Luis Potosí |
Total | 1,953 |
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 152 hotels in operation located throughout Mexico, Costa Rica, Colombia and Chile, Hoteles City Express operates five distinct brands: City Express, City Express Plus, City Express Suites, City Express Junior and City Centro 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.
For further information, please visit our website: https://cityexpress.com/en/investors/
SOURCE Hoteles City Express, S.A.B. de C.V.
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