MEXICO CITY, May 2, 2016 /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 Junior San Luis Potosí Centro, reaching 109 properties and more than 12,200 rooms in operation.
The City Express Junior San Luis Potosí Centro hotel is the fourth hotel of the chain in the state of San Luis Potosí and it is 100% owned by the Company. This new property, located in Ave. Venustiano Carranza, will serve travelers with activities primarily related to commerce, services and education.
With this new property the Company underpins its presence in the Bajío region, which is one of the main economic engines of 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 mainly towards domestic business travelers. With 109 hotels in operation located throughout Mexico, Costa Rica and Colombia, 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 subsequent public offering of stock 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 (Ariel Bozza), J.P. Morgan (Adrián Huerta), Morgan Stanley (Rafael Pinho), Santander (Cecilia Jiménez). Signum Research (Armando Rodriguez), UBS (Marimar Torreblanca) and Vector Análisis (Marco Montañez).
For further information, please visit our website: https://cityexpress.com/en/investors/
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SOURCE Hoteles City Express, S.A.B. de C.V.