The firm of Hoteles City Express announced that they will launch Fibra Stay, and, respectively, Paul Smith - CFO of City Express - he explained in an interview that they have been communicating to the market for about 18 months that they are evaluating alternatives on what to do with their real estate portfolio and reviewed the strategies that add more value.
"The initial portfolio consists of 42 hotels that, as of December 31, 2018, can comply with City Express hotel stabilization metrics, and every time a property completes 36 months of operation, it will be offered to Fibra Stay."

City Express plans to obtain resources in a range of between two billion and two thousand 500 million pesos, which will be allocated to the reinforcement of its development plan 2019 to 2022.
As of today, the properties of the hotel chain total 135 units, managing five brands -City Express, City Plus, City Suites, City Junior and City Center- strategically distributed mainly in Mexico, Central and South America, maintaining an accelerated development plan and expansion with the opening of a new hotel every 6 weeks on average since its foundation in 2002. "