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Hoteles City Express Announces the Opening of City Express Ciudad Victoria, Reaching 91 Hotels in Operation.

MEXICO CITY, Oct. 29, 2014 /PRNewswire/ -- Hoteles City Express, S.A.B. de C.V.("Hoteles City Express" or "the Company") (BMV: HCITY), announced today the opening of City express Ciudad Victoria, the 91[] property in the Company's growing hotel chain. This new property is geared to serve guests traveling to the capital of the state of Tamaulipas in relation to various activities of trade, services, government and business in general. Also, it will serve business travelers to the gas industry and the energy sector.

City express Ciudad Victoria has a total of 108 rooms and will operate under a franchised and managed arrangement. With this new opening, Hoteles City express reaffirms its leadership in the limited service segment nationwide representing its fourth hotel in the state of Tamaulipas, Mexico.

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 towards the domestic business traveler. With 91 hotels in operation located throughout Mexico, Costa Rica and Colombia, Hoteles City express operates three distinct brands: City express, City express Suites and City express junior to serve different segments of its target market. In June 2013, Hoteles City express successfully completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol "HCITY", in October 2014 Hoteles City express completed a Follow On Transaction that will allow it to accelerate its growth for the coming years.

For more information please visit our Investor Relations website:

SOURCE Hoteles City Express, S.A.B. de C.V.

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Comment:Hoteles City Express Announces the Opening of City Express Ciudad Victoria, Reaching 91 Hotels in Operation.
Publication:PR Newswire
Geographic Code:1MEX
Date:Oct 29, 2014
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