Mexico City, August 30th, 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 enhancement strategy, the signing of a binding purchase and sale agreement for a plot of land in Puerto Montt, Chile for $34.2 million Mexican pesos (thirty-four million two hundred thousand pesos 00/100 M.N.). The transaction price represents a capital appreciation of 31.5% over the acquisition cost. The transaction is expected to close no later than October 17th, 2021.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@hotelescity.com
Ana María Ybarra
Miranda IR
Phone: +52 55-3660-4037
E-mail: ana.ybarra@miranda-ir.com