Mexico City, August 25, 2022 – 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 sale of a plot of land in Cancún, Quintana Roo, for $33,950,000.00 (thirty-three million nine hundred fifty thousand 00/100 M.N.).
As we have mentioned previously, the Company’s focus is on deleveraging the balance sheet and continuing to execute strategies to preserve and enhance liquidity.
Investor Relations Contact Details
Corporate Finance and IR
Phone: +52 (55) 5249 8067
Phone: +52 55-5402-1295
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 mainly towards domestic business travelers. With 152 hotels located in 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 over the next few years.