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