Hoteles City Express Announces the Opening of 7 Hotels Concluding its 2016 Development Pipeline

MEXICO CITY, Dec. 16, 2016 /PRNewswire/ -- Hoteles City Express S.A.B. de C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of seven hotels, three of them today and four more within the next two weeks, concluding its 2016 Development Pipeline. With these new properties, the Company will reach 5.3 million room nights installed, 123 hotels in operation and more than 13,700 rooms installed before year end.

The three hotels that the Company opened today are: City Express Plus Mundo E, City Express Plus Bogota Aeropuerto and City Express Junior Bogota Aeropuerto. City Express CDMX La Raza, City Express Junior Merida Altabrisa and City Express Suites Queretaro Tower II (an expansion that doubles the current room count for the hotel City Express Suites Queretaro) will be opened on Friday, December 23, 2016. Finally, City Centro CDMX will lodge its first guests by December 28, 2016.

With these openings the 2016 Development Pipeline concludes according to plan. The details for these openings are mentioned below.

The four openings planned for 1Q17 continue under development, in line with the 2017 Development Pipeline, which will be disclosed early next year.

About Hoteles City Express:

Hoteles City Express is 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 seeking a high value price ratio that is affordable. With 123 hotels located in 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, in October of 2014, Hoteles City Express completed a follow on with the aim of accelerating its growth in new hotels in the short- and medium-term.

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 (Enrico Trotta), J.P. Morgan (Adrián Huerta), Morgan Stanley (Nikolaj Lippmann), Santander (Cecilia Jiménez), Signum Research (Armando Rodriguez), and UBS (Marimar Torreblanca).

For further information, please visit our website: www.cityexpress.com/en/investors

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