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Hoteles City Express

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uuid003fn91

Namestring
Hoteles City Express
Legal namestring
Hoteles City Express
Websiteurl
cityexpress.com
Company typeenum
Public
Founded yearint
2002
Descriptiontext

Hoteles City Express is a publicly traded Mexican hospitality company (BMV: HCITY), founded in 2002 and headquartered in Mexico City, that operates a midscale hotel brand family across Mexico, Colombia, Chile, Brazil, and the United States. Since becoming part of Marriott International's portfolio, the company operates under the 'City Express by Marriott' co-brand and comprises five sub-brands — City Express (core midscale), City Express Plus (enhanced amenities), City Centro (boutique historic properties), City Express Suites (extended-stay apartments), and City Express Junior (compact rooms) — spanning roughly 150 properties in major urban centers from Cancún and Oaxaca to Bogotá, São Paulo, Duluth, and New Orleans.

The underlying technology stack is the standard Marriott International hotel-management and reservation platform, including Marriott.com, the Marriott Bonvoy mobile app, and access to global GDS systems, OTAs, and corporate travel accounts. There are no proprietary AI/ML systems, patents, or technology products disclosed — operational technology is essentially the integrated Marriott PMS/distribution backbone.

The business model is per-room-night hotel revenue: guests book via Marriott direct channels, OTAs, GDS, or corporate accounts, with rates varying by location, season, and room type (pricing not publicly disclosed). Customer segments are broadly split between business travelers and leisure travelers, with Marriott Bonvoy loyalty members as a secondary retention layer. Revenue is described as a recurring subscription-like stream of bookings, supported by an enterprise field-sales motion that leverages Marriott's global distribution and Bonvoy member base. In September 2023, Jaguar Growth Partners acquired a 9.7% strategic stake to fund Latin American expansion and operational improvements.

Short descriptiontext

Hoteles City Express (BMV: HCITY) operates a midscale hotel brand family of five sub-brands across Mexico, Colombia, Chile, Brazil, and the United States under Marriott International's 'City Express by Marriott' co-brand, serving business and leisure travelers in major urban centers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersMexico City, Mexico
HQ citystring
Mexico City
HQ countrystring
Mexico
HQ regionstring
Latin America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
midscale hotel accommodations, business travel lodging, extended stay hotels, urban central location hotels, hospitality loyalty programs
Industry1 code
1Urban Limited-Service Hotels
CodeTHAGABAHPrimaryYes
NAICS code1 code
  • Hotels (except Casino Hotels) and Motels72111
SIC code1 code
  • Hotels & Motels7011
Product category
Mid-Market Hotel Accommodations
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Hotel Room Bookings
TypeSubscription Recurring
Description

Revenue generated from room bookings across City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior properties in Mexico, Colombia, Chile, Brazil, and the United States. Operates under the Marriott International umbrella with access to Marriott Bonvoy loyalty program.

marriott.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 4 records shown
1City Express Plus by Marriott
Description

Upscale hotel brand under the City Express family by Marriott.

marriott.com
+3 more records
Core offering1 text field

Hoteles City Express operates a portfolio of midscale hotel brands sold under the "City Express by Marriott" umbrella, including City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior. The company provides comfortable, affordably priced accommodations in central urban locations across Mexico, Colombia, Chile, Brazil, and the United States, participating in the Marriott Bonvoy loyalty program for points earning and redemption.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Hoteles City Express operates as a unified hotel brand family under Marriott International's portfolio, comprising five distinct sub-brands: City Express (core midscale offering), City Express Plus (enhanced amenities), City Centro (boutique historic properties), City Express Suites (extended-stay apartments), and City Express Junior (compact budget rooms). The brand family serves travelers across Mexico, Colombia, Chile, Brazil, and the United States through over 150 properties. The entire portfolio participates in the Marriott Bonvoy loyalty program, allowing guests to earn and redeem points across all City Express properties and the broader Marriott ecosystem of 30+ brands.

Product and service6 records
1City Express by Marriott
CategoryHotel Accommodations
Description

Midscale hotel brand offering comfortable stays and excellent service in central locations across Mexico, Colombia, Chile, Brazil, and the United States, ranging from Cancún to Bogotá and New Orleans.

2City Express Plus by Marriott
CategoryHotel Accommodations
Description

Extended version of the City Express brand offering additional amenities and features for travelers seeking more comprehensive hotel services.

3City Centro by Marriott
CategoryHotel Accommodations
Description

Boutique-style hotel brand located in historic city centers, such as Oaxaca, offering culturally immersive stays near local attractions.

4City Express Suites by Marriott
CategoryHotel Accommodations
Description

Suite-style accommodations within the City Express portfolio designed for extended stays with additional living space and kitchen facilities.

5City Express Junior by Marriott
CategoryHotel Accommodations
Description

Compact hotel rooms within the City Express brand family offering essential amenities for budget-conscious travelers.

6Marriott Bonvoy Loyalty Program (at City Express properties)
CategoryHotel Loyalty Program
Description

Loyalty membership program allowing guests at City Express by Marriott properties to earn and redeem points across Marriott's global portfolio of more than 30 brands and 10,000 destinations.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development Partner
Description

City Express was acquired by Marriott International and operates under the 'City Express by Marriott' brand. The brand family includes City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior. City Express properties participate in the Marriott Bonvoy loyalty program, allowing members to earn and redeem points across Marriott's global portfolio of over 10,000 destinations and 30+ brands.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global hospitality incumbent whose Hampton by Hilton, Hilton Garden Inn, and Home2 Suites brands directly overlap with City Express's midscale urban business-traveler focus, including expanding presence in Latin America.

TypeBroad incumbent
Description

World's largest hotel franchisor with midscale brands (La Quinta, Hawthorn Suites, Days Inn) targeting similar urban business-traveler customers, with growing Latin America presence.

TypeBroad incumbent
Description

Global hotel group whose Holiday Inn Express and avid hotels brands directly compete in the limited-service urban segment; IHG has been actively expanding in Mexico and Latin America.

TypeRegional player
Description

Spanish hotel group with substantial LATAM operations across multiple segments; overlaps with City Express's midscale urban offering and competes for the same corporate travel accounts.

TypeBroad incumbent
Description

City Express's parent and global hospitality incumbent operating 30+ brands and 10,000+ destinations including direct overlap with Courtyard, Fairfield, and Four Points in the same midscale/select-service tier.

TypeBroad incumbent
Description

Operates midscale brands (Comfort Inn, Quality Inn, Sleep Inn, Clarion) that compete with City Express for value-conscious business and leisure travelers in Latin American urban markets.

TypeDirect peer
Description

Leading Mexican hotel operator running Fiesta Americana, Fiesta Inn (limited-service business hotels), and Live Aqua brands across Mexico and Latin America; directly competes with City Express for business travelers in Mexican cities.

TypeRegional player
Description

European-headquartered midscale hotel operator with significant Latin American presence; competes with City Express for urban business travelers in Colombia, Mexico, and Argentina.

TypeBroad incumbent
Description

Global hospitality player with Hyatt Place, Hyatt House, and Caption by Hyatt brands that compete in the upper-midscale urban segment; Hyatt's World of Hyatt loyalty program parallels Marriott Bonvoy in targeting frequent travelers.

TypeDirect peer
Description

Global hotel group whose Ibis, Ibis Budget, and Novotel brands directly compete in the midscale/limited-service urban segment across Latin America; major rival for the same business and leisure traveler wallet.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Hoteles City Express

Mid-Market Hotel Accommodationscityexpress.com

Hoteles City Express (BMV: HCITY) operates a midscale hotel brand family of five sub-brands across Mexico, Colombia, Chile, Brazil, and the United States under Marriott International's 'City Express by Marriott' co-brand, serving business and leisure travelers in major urban centers.

What Hoteles City Express does

Hoteles City Express is a publicly traded Mexican hospitality company (BMV: HCITY), founded in 2002 and headquartered in Mexico City, that operates a midscale hotel brand family across Mexico, Colombia, Chile, Brazil, and the United States. Since becoming part of Marriott International's portfolio, the company operates under the 'City Express by Marriott' co-brand and comprises five sub-brands — City Express (core midscale), City Express Plus (enhanced amenities), City Centro (boutique historic properties), City Express Suites (extended-stay apartments), and City Express Junior (compact rooms) — spanning roughly 150 properties in major urban centers from Cancún and Oaxaca to Bogotá, São Paulo, Duluth, and New Orleans.

The underlying technology stack is the standard Marriott International hotel-management and reservation platform, including Marriott.com, the Marriott Bonvoy mobile app, and access to global GDS systems, OTAs, and corporate travel accounts. There are no proprietary AI/ML systems, patents, or technology products disclosed — operational technology is essentially the integrated Marriott PMS/distribution backbone.

The business model is per-room-night hotel revenue: guests book via Marriott direct channels, OTAs, GDS, or corporate accounts, with rates varying by location, season, and room type (pricing not publicly disclosed). Customer segments are broadly split between business travelers and leisure travelers, with Marriott Bonvoy loyalty members as a secondary retention layer. Revenue is described as a recurring subscription-like stream of bookings, supported by an enterprise field-sales motion that leverages Marriott's global distribution and Bonvoy member base. In September 2023, Jaguar Growth Partners acquired a 9.7% strategic stake to fund Latin American expansion and operational improvements.

Hoteles City Express firmographics

Firmographics
Name
Hoteles City Express
Legal name
Hoteles City Express
Website
https://cityexpress.com
Company type
Public
Founded year
2002
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Hoteles City Express (BMV: HCITY) operates a midscale hotel brand family of five sub-brands across Mexico, Colombia, Chile, Brazil, and the United States under Marriott International's 'City Express by Marriott' co-brand, serving business and leisure travelers in major urban centers.
Ownership category
akta.pro rank

Hoteles City Express industry classification

Industry
Product category
Mid-Market Hotel Accommodations
NAICS
Hotels (except Casino Hotels) and Motels (72111)
SIC
Hotels & Motels (7011)
akta.pro primary industry
Urban Limited-Service Hotels (THAGABAH)

Keywords

  • Midscale hotel accommodations
  • Business travel lodging
  • Extended stay hotels
  • Urban central location hotels
  • Hospitality loyalty programs

Where Hoteles City Express is headquartered

Location

Headquarters

HQ city
Mexico City
HQ country
Mexico
HQ region
Latin America

Offices6 records

Markets served

Hoteles City Express business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Hotel Room Bookings: Revenue generated from room bookings across City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior properties in Mexico, Colombia, Chile, Brazil, and the United States. Operates under the Marriott International umbrella with access to Marriott Bonvoy loyalty program.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Hoteles City Express product offering

Product offering

Core offering

Hoteles City Express operates a portfolio of midscale hotel brands sold under the "City Express by Marriott" umbrella, including City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior. The company provides comfortable, affordably priced accommodations in central urban locations across Mexico, Colombia, Chile, Brazil, and the United States, participating in the Marriott Bonvoy loyalty program for points earning and redemption.

Product overview

Hoteles City Express operates as a unified hotel brand family under Marriott International's portfolio, comprising five distinct sub-brands: City Express (core midscale offering), City Express Plus (enhanced amenities), City Centro (boutique historic properties), City Express Suites (extended-stay apartments), and City Express Junior (compact budget rooms). The brand family serves travelers across Mexico, Colombia, Chile, Brazil, and the United States through over 150 properties. The entire portfolio participates in the Marriott Bonvoy loyalty program, allowing guests to earn and redeem points across all City Express properties and the broader Marriott ecosystem of 30+ brands.

Differentiator

Problem solved

Functional benefit

Brands

  • City Express Plus by Marriott: Upscale hotel brand under the City Express family by Marriott.
  • City Centro by Marriott
  • City Express Suites by Marriott
  • City Express Junior by Marriott

Products and services

  • City Express by Marriott Midscale hotel brand offering comfortable stays and excellent service in central locations across Mexico, Colombia, Chile, Brazil, and the United States, ranging from Cancún to Bogotá and New Orleans.
  • City Express Plus by Marriott Extended version of the City Express brand offering additional amenities and features for travelers seeking more comprehensive hotel services.
  • City Centro by Marriott Boutique-style hotel brand located in historic city centers, such as Oaxaca, offering culturally immersive stays near local attractions.
  • City Express Suites by Marriott Suite-style accommodations within the City Express portfolio designed for extended stays with additional living space and kitchen facilities.
  • City Express Junior by Marriott Compact hotel rooms within the City Express brand family offering essential amenities for budget-conscious travelers.
  • Marriott Bonvoy Loyalty Program (at City Express properties) Loyalty membership program allowing guests at City Express by Marriott properties to earn and redeem points across Marriott's global portfolio of more than 30 brands and 10,000 destinations.

Companies that use Hoteles City Express

Customer profile

Segments3 records

Ideal customer profiles3 records

Hoteles City Express technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Hoteles City Express partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Marriott InternationalcoreStrategic or Co-development PartnerCity Express was acquired by Marriott International and operates under the 'City Express by Marriott' brand. The brand family includes City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior. City Express properties participate in the Marriott Bonvoy loyalty program, allowing members to earn and redeem points across Marriott's global portfolio of over 10,000 destinations and 30+ brands.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Hoteles City Express competitors and assessment

Company assessment

Broad incumbents

  • Hilton Worldwide: Global hospitality incumbent whose Hampton by Hilton, Hilton Garden Inn, and Home2 Suites brands directly overlap with City Express's midscale urban business-traveler focus, including expanding presence in Latin America.
  • Wyndham Hotels & Resorts: World's largest hotel franchisor with midscale brands (La Quinta, Hawthorn Suites, Days Inn) targeting similar urban business-traveler customers, with growing Latin America presence.
  • InterContinental Hotels Group (IHG): Global hotel group whose Holiday Inn Express and avid hotels brands directly compete in the limited-service urban segment; IHG has been actively expanding in Mexico and Latin America.
  • Marriott International: City Express's parent and global hospitality incumbent operating 30+ brands and 10,000+ destinations including direct overlap with Courtyard, Fairfield, and Four Points in the same midscale/select-service tier.
  • Choice Hotels International: Operates midscale brands (Comfort Inn, Quality Inn, Sleep Inn, Clarion) that compete with City Express for value-conscious business and leisure travelers in Latin American urban markets.
  • Hyatt Hotels Corporation: Global hospitality player with Hyatt Place, Hyatt House, and Caption by Hyatt brands that compete in the upper-midscale urban segment; Hyatt's World of Hyatt loyalty program parallels Marriott Bonvoy in targeting frequent travelers.

Regional players

  • Meliá Hotels International: Spanish hotel group with substantial LATAM operations across multiple segments; overlaps with City Express's midscale urban offering and competes for the same corporate travel accounts.
  • NH Hotel Group: European-headquartered midscale hotel operator with significant Latin American presence; competes with City Express for urban business travelers in Colombia, Mexico, and Argentina.

Direct peers

  • Grupo Posadas: Leading Mexican hotel operator running Fiesta Americana, Fiesta Inn (limited-service business hotels), and Live Aqua brands across Mexico and Latin America; directly competes with City Express for business travelers in Mexican cities.
  • Accor (Ibis): Global hotel group whose Ibis, Ibis Budget, and Novotel brands directly compete in the midscale/limited-service urban segment across Latin America; major rival for the same business and leisure traveler wallet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Hoteles City Express social profiles

Digital presence

Hoteles City Express financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Hoteles City Express leadership team

Management profile

Number of profiles

Profiles4 records

Hoteles City Express funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Hoteles City Express M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hoteles City Express

What does Hoteles City Express do?

Hoteles City Express operates a portfolio of midscale hotel brands sold under the "City Express by Marriott" umbrella, including City Express, City Express Plus, City Centro, City Express Suites, and City Express Junior. The company provides comfortable, affordably priced accommodations in central urban locations across Mexico, Colombia, Chile, Brazil, and the United States, participating in the Marriott Bonvoy loyalty program for points earning and redemption.

Is Hoteles City Express a public or private company?

Hoteles City Express is a public company. It is classified as public and is currently operating.

When was Hoteles City Express founded?

Hoteles City Express was founded in 2002. It employs 1,001 to 5,000 people.

Where is Hoteles City Express based?

Hoteles City Express is headquartered in Mexico City, Mexico, in the Latin America region.

How does Hoteles City Express make money?

One revenue line is on record: hotel Room Bookings.

Who are Hoteles City Express's main competitors?

Broad incumbents on record are Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG), Marriott International, Choice Hotels International and Hyatt Hotels Corporation. Regional players are Meliá Hotels International and NH Hotel Group. Direct peers are Grupo Posadas and Accor (Ibis).

Does Hoteles City Express have an API?

No public API is recorded for Hoteles City Express.

What industry is Hoteles City Express in?

Hoteles City Express's product category is Mid-Market Hotel Accommodations. Its primary akta.pro industry code is THAGABAH, Urban Limited-Service Hotels. Its NAICS code is 72111 and its SIC code is 7011.

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Live signals
pegnMarriott plans 110 more hotels in BrazilMarriott International plans to add 110 hotels to its portfolio in Brazil by 2030 as part of an aggressive global growth strategy. The expansion aims to increase the company's regional room count by approximately 4,000, focusing on midscale brands like City Express and introducing luxury labels such as Ritz-Carlton and Bvlgari. This move leverages Marriott's asset-light model to capitalize on Brazil's growing real estate investment fund market and a robust hotel development pipeline.Research-MethodologyA Brief Overview of Marriott Business StrategyA strategy overview published October 22, 2023 outlines Marriott's three pillars: an asset-light franchising model, growth through acquisitions, and a focus on bleisure travellers. It cites the 2016 Starwood acquisition for $13.6 billion, adding nearly 1,300 hotels, plus later purchases of Delta Hotels and Hoteles City Express.JaguargrowthJaguar Growth Partners Acquires Stake in Hoteles City Express, a Leading Mexico-Based Hospitality PlatformJaguar Growth Partners has acquired an approximate 9.7% stake in Hoteles City Express, becoming one of the hospitality company's largest shareholders and establishing a strategic partnership. This investment is part of Jaguar's real estate private equity strategy focusing on growth markets in Latin America. The move aims to optimize HCITY's real estate assets and expand its franchise operations across Mexico and neighboring countries.PR NewswireMarriott International se expande al segmento de servicios limitados con la adquisición del portafolio de marcas City ExpressMarriott International completed the acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V., marking its entry into the limited-service hotel segment and launching its 31st brand, City Express by Marriott. The deal adds approximately 150 properties across Mexico, Costa Rica, Colombia, and Chile, increasing Marriott's presence in the Caribbean and Latin America region by roughly 45 percent to over 480 properties in 37 countries, making it the largest hotel company in the region. The City Express loyalty program, City Premios, is expected to be integrated into Marriott Bonvoy in the coming months.GlobeNewswireRackspace Technology Brings the Benefits of Private Cloud to Hoteles CityRackspace Technology implemented a private cloud managed services solution for Hoteles City, a Mexican hotel company, running in a VMware environment. The platform aims to improve guest experiences and address hospitality challenges. Rackspace and Hoteles City have a seven-year relationship spanning hosting, virtualization, and infrastructure operations.PR NewswireHoteles City Express announces 3Q19 Results with a 9.5% growth in total revenuesHoteles City Express reported a 9.5% increase in total revenues to $811.8 million for 3Q19, driven by higher ADR and increased occupied room nights, while net income fell 65.8% to $19.6 million due to higher depreciation expenses under IFRS 16 and increased energy costs. The company expanded its portfolio to 151 hotels (17,157 rooms), adding 12 new units compared to the prior year period, with ADR rising 6.0% to $1,021. CEO Luis Barrios noted Mexico's economic slowdown but highlighted favorable trends in northern industrial corridors benefiting from nearshoring, while the Bajío region remained weak.PR NewswireHoteles City Express Announces the Closing of the Purchase Agreement of the City Express Chihuahua Hotel and the Cancellation of the City Express Junior Chihuahua Hotel from its Inventory (BMV: HCITY)Hoteles City Express announced the closing of the purchase agreement to acquire the City Express Chihuahua hotel from Deutsche Bank México (as trustee for Fibra Inn) and the removal of the City Express Junior Chihuahua hotel from its inventory following its sale to a third party. The acquired hotel will now be operated directly by Operadora de Hoteles City Express under the company's own inventory, consolidating the corresponding cash flows. As a result of these transactions, the company's hotel portfolio stands at 151 properties with 17,121 rooms.PR NewswireContact Information Update Investor Relations DepartmentHoteles City Express, S.A.B. de C.V. announced the appointment of Mr. Héctor Vázquez as deputy director of investor relations, reporting directly to the Chief Financial Officer. Prior to joining, Mr. Vázquez served as an Investment Associate at Carr Capital and as a Senior Capital Market Analyst at Grupo Bursátil Mexicano. The company operates 152 hotels across Mexico, Costa Rica, Colombia, and Chile under five distinct brands.PR NewswireHoteles City Express announces 2Q19 Results with a 6.4% RevPar growth for its Established portfolioHoteles City Express reported second quarter 2019 results with Total Revenues of $804.9 million, a 13.6% increase year-over-year, driven by expansion to 152 hotels and 17,226 rooms. However, Net Income declined 67.2% to $22.7 million and Operating Income fell 1.0% to $141.3 million, while RevPAR increased 2.6% to $592. The company operates hotels across Mexico, Costa Rica, Colombia, and Chile, and management cited Mexico's political and economic uncertainty as a challenge while noting an energy cost mitigation contract expected to take effect in Q4 2019.PR NewswireHoteles City Express Announces the Signing of a Binding Agreement for the Acquisition of the City Express Chihuahua HotelHoteles City Express, S.A.B. de C.V. signed a binding agreement to acquire the City Express Chihuahua hotel from Deutsche Bank Mexico (Fiduciary Division F/1616 on behalf of Fibra Inn) for Ps. $95.0 million plus VAT, representing a 9.4% cap rate based on NOI of Ps. $8.9 million. The hotel, previously a pure franchise operated by Gestor de Activos Prisma, will become part of the company's wholly-owned inventory and be operated by Operadora de Hoteles City Express to optimize performance over 12 months. The acquisition is expected to complement the company's proprietary hotel inventory in Mexico's northwest region, which has shown high single-digit revenue growth driven by new investments from USMCA and maquila activity.