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Hoteles City opens 13 new hotels in high growth business hubs to reach 84 hotels in operation

Profile Photo By: H L
February 14, 2014

Hoteles City opens 13 new hotels in high growth business hubs to reach 84 hotels in operation

Hospitality News: Hoteles CityHoteles City Express, S.A.B. de C.V.?(?Hoteles City?) (BMV:HCITY), the leading limited-service hotel chain in Mexico, announced that in the last twelve months it opened 13 new hotels; 12 of which are strategically located in urban locations along the principal business, logistics, commercial and industrial corridors in Mexico, and its first hotel in Colombia (Cali). With these openings, Hoteles City reaches 84 hotels in operation, adding 1,467 new rooms to its portfolio for a total of 9,563 rooms. This represents an 18% room-count increase year-over-year.

Hoteles City opened the following hotels which comprised its 2013 Openings Pipeline:

Hotel Opening Rooms State
City express Chetumal March 2013 109 Quintana Roo
City express Santa Fe June 2013 159 Mexico City
City Suites Santa Fe August 2013 39 Mexico City
City express Oaxaca October 2013 103 Oaxaca
City express Salinas Cruz October 2013 116 Oaxaca
City express Patio Universidad December 2013 124 Mexico City
City express La Paz December 2013 124 Baja California Sur
City junior Puebla Autopista December 2013 113 Puebla
City express Cali December 2013 127 Colombia
City express Cananea December 2013 98 Sonora
City express Irapuato Norte December 2013 122 Guanajuato
City junior Cd. del Carmen Isla de Tris February 2014 109 Campeche
City junior Cd. del Carmen Aeropuerto February 2014 124 Campeche
Total 1,467

Mr. Luis Barrios, Hoteles City?s Chief Executive Officer, commented: ?We are delighted with the openings of our newest properties across Mexico and also our inaugural hotel in Colombia. These new hotels in Mexico complement our presence across the most dynamic economic hubs in the country, where we?ve performed with success, while our second international hotel aims for a new market with strong growth potential. The opening of these properties completes our 2013 pipeline and reflects a continuation of our business strategy of offering business travelers a high-quality, affordable lodging alternative in order to continue creating brand and shareholder value.?

During the remainder of 2014, Hoteles City plans to open between 14 to 16 hotels, all in Mexico, which comprises its 2014 Openings Pipeline. To date, 12 hotels are currently under construction.

Source Business Wire, http://www.businesswire.com/news/home/20140213006334/en/Hoteles-City-Opens-13-Hotels-High-Growth#.Uv2LhUKSwzk

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