Hoteles City Express Announces the Opening of City Express Plus Guadalajara Palomar Extending Coverage to 99 Hotels in Operation

Jul 08, 2015, 09:11 ET from Hoteles City Express, S.A.B. de C.V.

MEXICO CITY, July 8, 2015 /PRNewswire/ -- Hoteles City Express, S.A.B. de C.V. ("Hoteles City Express" or "the Company") (BMV: HCITY), the leading limited-service hotel chain in Mexico, announced today the opening of City Express Plus Guadalajara Palomar, the 99th property in operation.

City Express Plus Guadalajara Palomar is the ninth hotel under the "Plus" concept, the third hotel of the chain in the Metropolitan Area of Guadalajara and the fourth hotel in the state of Jalisco.

The 113 room hotel is fully owned by Hoteles City Express, and aims to serve travelers with business activities related to commerce, finance, real estate and services. Guadalajara is the capital of the state of Jalisco, and one of the most important cities in the country, generating approximately 4% of Mexico's GDP.

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 99 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.

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