Hoteles City Express Concludes its 2018 Development Pipeline Reaching 152 Hotels in Operation

News provided by

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

Dec 13, 2018, 10:29 ET

MEXICO CITY, Dec. 13, 2018 /PRNewswire/ -- Hoteles City Express S.A.B. De C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of 8 hotels reaching 152 hotels in operation and more than 17,100 rooms installed over the next weeks.

On December 17 2018, City Express Plus Mérida will open its doors, meanwhile The City Express CDMX La Villa, City Express Plus Ensenada, City Express Ensenada and City Express Plus Tijuana hotels will start operations between December 22 and 31 of the present year. Additionally the City Express CDMX Tlalpan, City Express Plus Chihuahua and City Centro San Luis Potosí hotels will open their doors in the first weeks of the coming year.

With these openings, The Company concludes its development pipeline of the year with 17 new units compared to the 135 hotels that operated at the end of 2017.

The following is a summary of the 2018 Development Pipeline.

Hotel Number	Development Pipeline	Hotel	Brand	Investment Scheme	Opening	Rooms	Location
136	1	Ce Tepic	City express	Franchise	jan-18	125	Nayarit
137	2	Ce Atlixco	City express	Franchise	Mar-18	108	Puebla
138	3	Ce Comitán	City express	Managed	apr-18	105	Chiapas
139	4	Ce Gustavo Baz	City express	Managed	Jun-18	125	Estado de México
140	5	CP Cancún Aeropuerto	City express Plus	Co-Owned	Oct-18	120	Quintana Roo
141	6	CS Cancún Aeropuerto	City express Suites	Co-Owned	Oct-18	63	Quintana Roo
142	7	CP Interlomas	City express Plus	Owned	Nov-18	141	Estado de México
143	8	CP Tampico	City express Plus	Co-Owned	Nov-18	126	Tamaulipas
144	9	Cj CDMX Sullivan	City express junior	Owned	dec-18	96	Ciudad de México
145	10	CP Mérida	City express Plus	Co-Owned	dec-18	135	Yucatán
146	11	Ce CDMX La Villa	City express	Managed	dec-18	106	Ciudad de México
147	12	Ce Ensenada	City express	Co-Owned	dec-18	127	Baja California
148	13	CP Ensenada	City express Plus	Co-Owned	dec-18	134	Baja California
149	14	CP Tijuana	City express Plus	Owned	dec-18	154	Baja California
150	15	Ce CDMX Tlalpan	City express	Managed	jan-19	96	Ciudad de México
151	16	CP Chihuahua	City express Plus	Managed	jan-19	122	Chihuahua
152	17	CC San Luis Potosí	City Centro	Owned	Feb-19	70	San Luis Potosí
		Total				1,953

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 152 hotels in operation located throughout 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, on October 8, 2014, Hoteles City Express completed a follow on with the aim of accelerating its growth in new hotels in coming years.

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

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