Mexico City, November 1st, 2021 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express”) (BMV: HCITY), announces the permanent closure of the City Express Coatzacoalcos (CECOA) hotel.
Together with our partners who are co-invested in this property and following a rigorous analysis of the future hotel demand in this location after the health contingency, the permanent closure of the City Express Coatzacoalcos hotel has been decided. The property’s closure allows us to focus on looking for opportunities to recycle the asset, seeking to maximize our invested capital. After this closure, Hoteles City Express’s hotels portfolio consists of 152 hotels and 17,331 rooms.
We believe that the closure of this property will not have a material impact on the company’s results.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@hotelescity.com
Marimar Torreblanca
Miranda IR
Phone: +52 55-5282-2992
E-mail: marimar.torreblanca@miranda-newswire.com