Hoteles City Express Announces the Opening of Four Hotels Reaching 96 Hotels in Operation

MEXICO CITY, Dec. 15, 2014 /PRNewswire/ -- Hoteles City Express, S.A.B. de C.V. ("Hoteles City Express" or "the Company") (BMV: HCITY) has announced the opening dates of City Express Plus Monterrey Nuevo Sur, City Express Matamoros, City Express Salamanca and City Express Junior Villahermosa, reaching a total of 96 hotels in operation.  

City Express Plus Monterrey Nuevo Sur has 138 rooms, representing the fourth hotel of the chain in the city of Monterrey. The hotel is geared towards travelers with business and commercial activities, as well as financial and specialized services in one of the most economically dynamic cities in Mexico. The hotel will operate under a 100% ownership scheme and opens on December 18, 2014.

On December 22, 2014, the City Express Matamoros will initiate operations with 113 rooms, representing the fifth property in the state of Tamaulipas.  This hotel is located in the border corridor of Northeast Mexico, and aims to accommodate travelers involved in the commercial, services, energy and export sectors. The investment is wholly owned by the Company.

City Express Salamanca is located in the heart of Guanajuato and is Hoteles' sixth property in the state. It will primarily serve business travelers with activities in the Bajio region in industries such as manufacturing. The hotel is 100% owned by the Company, has 119 rooms and will begin operations on December 23, 2014.

City Express Junior Villahermosa, 100% owned by the Company, will begin operations on December 28, 2014. With 136 rooms, the hotel will host guests with business activities related mainly to the energy sector, in one of the most economically dynamic cities in the Gulf of Mexico. This property represents the third hotel of the chain in the state of Tabasco and the second one in the city of Villahermosa.

With these new openings, the Company continues extending its leadership in the limited services segment nationally and increases its geographic coverage across Mexico with 96 hotels in operation. Hoteles City Express aims to conclude its 2014 Development Pipeline in the first few weeks of 2015.

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 towards the domestic business traveler.  With 96 hotels in operation located throughout Mexico, Costa Rica and Colombia, Hoteles City express operates three distinct brands: City express, City express Suites and City express junior to serve different segments of its target market. In June 2013, Hoteles City express successfully completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol "HCITY", in October 2014 Hoteles City express completed a Follow On Transaction that will allow it to accelerate its growth for the coming years.

For more information please visit our Investor Relations website: https://cityexpress.com/en/inversionistas

Disclaimer:
The information presented in this report contains certain forward-looking statements regarding Hoteles City Express, S.A.B. de C.V. and its subsidiaries (jointly, "the Company"), which are based on the understanding of its management as well as assumptions currently available to the Company. These statements reflect the Company's current vision regarding future events and are subject to certain risks, uncertainty factors and assumptions. Many factors may cause the results, performance or actual achievements of the Company to be materially different with respect to any future result, performance or accomplishment of the Company that could be included, expressly or implicitly, in these forward-looking statements, including among others: changes in the general economic and/or political conditions, government and commercial changes at the global level and in the countries in which the Company operates, changes in interest rates and inflation, exchange rate volatility, changes in business strategy and various other factors. If one or more of these risks or uncertainty factors should come into being, or if the assumptions utilized are incorrect, actual results could differ materially from those described as anticipated, estimated or expected. The Company does not intend, and does not assume any obligation to update these statements regarding the future.                                 

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