Marriott approved for City Express hotels acquisition
Marriott International has received the green light from Mexico’s regulator to acquire the City Express hotels brand portfolio.
It is purchasing the business from Mexico based Hoteles City Express.
It paves the way for entry into the affordable midscale segment.
The transaction is expected to close in the second quarter of 2023.
Marriott acquires City Express Hotels, City Express Plus, City Express Suites, City Express Junior, and City Centro brands.
The portfolio is around 150 hotels comprising about 17,000 rooms.
It has a presence in more than 70 cities in Mexico and three more Latin America countries.
It will then become part of Marriott’s franchise system.
“We’re thrilled about entering the appealing midscale,” said Brian King, President, Caribbean and Latin America.
Upon closing, City Express will become Marriott’s 31st brand.
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