Mexico City, December 16th, 2021 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY) announces, as part of the company’s asset recycling and liquidity strategy, the signing of a binding purchase and sale agreement for a plot of land in Reynosa for $18.0 million Mexican pesos (eighteen million pesos 10/100 M.N.). The transaction sale price represents a 50% appreciation over the acquisition cost. The closing of the transaction is expected to occur no later than March 2022.
As previously mentioned, the Company’s main focus is on deleveraging the balance sheet and continuing with different strategies to preserve and capture more liquidity.
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