city express
Marriott International Expands Into Affordable Midscale Segment With Acquisition of the City Express Brand Portfolio
Marriott International, Inc. | May 2, 2023
Marriott International, Inc. (NASDAQ: MAR) announced today that it has completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. (BMV: HCITY). With this acquisition, Marriott International has entered the affordable midscale segment and is launching its 31st brand, City Express by Marriott. "We are thrilled to expand our portfolio into the fast-growing affordable midscale segment,” said Leeny Oberg, Chief Financial Officer and Executive Vice President, Development, Marriott International. “Our goal is to be everywhere our guests want us to be, with the right property in the right location ...
Marriott International Receives Regulatory Approval to Complete City Express Brand Acquisition
Marriott International | March 10, 2023
Marriott International, Inc. (NASDAQ: MAR) today announced that it has received approval from Mexico’s Federal Economic Competition Commission, COFECE, for the acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. (BMV: HCITY), paving the way for the company’s entry into the affordable midscale segment. Marriott expects that the transaction, originally announced in October 2022, could close in the second quarter, subject to the satisfaction of other customary closing conditions. Upon closing, Marriott will acquire the Hoteles City Express brands (City Express, City Express Plus, City Express Suites, ...
Hoteles City Express Opens City Express Junior León Centro de Convenciones and City Express Tijuana Otay
Hoteles City Express | December 18, 2017
MEXICO CITY, Dec. 18, 2017 -- Hoteles City Express S.A.B. de C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of 5 hotels – 2 of them today and 3 more within the next two weeks - of its 2017 Development Pipeline, reaching 135 hotels in operation and more than 15,200 rooms installed before year end. The two hotels that the Company opened today are: City Express Junior León Centro de Convenciones and City Express Tijuana Otay, meanwhile the hotels City Centro Oaxaca, City Express Monterrey Lindavista and City Express Plus León Centro de Convenciones will be receiving...
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