Hoteles City Announces the Opening of City Express Paraiso, Located in one of the Key Strategic Hubs in Mexico's Energy Corridor, Extending Coverage to 86 Hotels in Operation - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |
Hoteles City Announces the Opening of City Express Paraiso, Located in one of the Key Strategic Hubs in Mexico's Energy Corridor, Extending Coverage to 86 Hotels in Operation
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SOURCE Hoteles City Express, S.A.B. de C.V.
MEXICO CITY, May 29, 2014 /PRNewswire/ -- Hoteles City Express, S.A.B. de C.V. ("Hoteles City" or "the Company") (BMV: HCITY), announced today the opening of City express Paraiso, the 86th property in the Company's growing hotel chain. This hotel will primarily serve demand associated with the oil port of Dos Bocas, one of the most important in the country in terms of petroleum related exports.
City express Paraiso has a total of 108 rooms and was developed as a joint-venture. With this new opening, Hoteles City reaffirms its leadership in the limited service segment nationwide and expands its geographic footprint in the Gulf of Mexico, particularly in those locations that are highly geared to Mexico's energy and oil industries.
About Hoteles City: Hoteles City 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 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 86 hotels in operation located throughout Mexico, Costa Rica and Colombia, Hoteles City operates three distinct brands: City express, City Suites and City junior to serve different segments of its target market. In June 2013, Hoteles City successfully completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol "HCITY".