(27/10/22)  Marriott has reached an agreement to acquire the City Express brand portfolio, marking Marriott’s entry into the affordable midscale segment with its 31st brand.

The City Express portfolio currently comprises of 152 hotels, including 17,356 rooms across 75 cities in Mexico and three additional countries in Latin America.

Upon closing of the transaction with with Hoteles City Express, the brand and hotel portfolio will become part of Marriott’s franchise system.

Marriott will also acquire the franchise rights to five under-construction projects in the pipeline, representing an additional 676 rooms.

Marriott has indicated that it plans to update the brand name with its signature “by Marriott” tagline.

Room at City Express Veracruz in Mexico. Click to enlarge.

Room at City Express Veracruz in Mexico

Under the terms of the agreement, Marriott will pay $100 million for Hoteles City’s brand portfolio (City Express, City Express Plus, City Express Suites, City Express Junior and City Centro), associated trademarks, domains and related intellectual property, the City Premios loyalty program, and other assets and liabilities related to the brand. Stabilized franchise fees are anticipated to be approximately $10 million for the existing portfolio.

The transaction is expected to make Marriott the largest hotel company in the Caribbean and Latin America (CALA), increasing its presence in the region by 45 percent, to 486 properties across 37 countries.

“Our goal is to be everywhere our guests want us to be, with the right property in the right location and at the right price point,” said Brian King, President, Caribbean and Latin America, Marriott International. “This transaction with Hoteles City Express will expand our ability to do exactly that – initially in CALA, with opportunity around the world. We can’t wait to welcome City Express’s customers and continue the tradition of high-quality hotels and authentic hospitality established by Luis Barrios and his team.”

Founded in Mexico in 2002 by Luis Barrios, the Hoteles City Express brand portfolio provides customers with a range of mid-scale properties that include urban, suburban and extended stay offerings in Mexico, Costa Rica, Colombia and Chile.

“When we started thinking about City Express, we were convinced that a modern, efficient, and affordable brand would be very attractive to the local traveler. After our first 20 years, we are very excited and honored to work alongside Marriott, a company we’ve always admired, to take the brand to the next level,” said Luis Barrios, CEO of Hoteles City. “After having the opportunity to work with the Marriott team, we confirmed that we share common cultural values and a similar approach to hospitality.”

The closing of the transaction is subject to various customary conditions, including the approval by COFECE.

Marriott expects the transaction to close between the end of 2022 and the first half of 2023.

Latest HD video interviewBusiness Travel Trends in Asia Pacific – Video Interview with Brett Thorstad, Sabre.

Headlines:

Marriott Signs Third Ritz-Carlton Hotel in Australia 
Starlux Takes Delivery of First Widebody Aircraft 
Full Service Returns to British Airways’ Club World 
IAG Confirms Order for 37 Airbus A320neo Aircraft 
Capital A Expands Hotel Booking Platform on airasia Super App 
Petronas Extends Deal as Exclusive Fuel Supplier to Moto2 and Moto3 Classes 
Embraer Signs MOUs with Defence Industry Partners in South Korea 
Spain’s National Police and Guardia Civil Take Delivery of First Two Airbus H135s 
Boeing Forecasts China to Need 8,485 Passenger and Freighter Jets Through 2041 
Hyatt Opens First Centric Hotel in Southeast Asia 
Philippine Airlines to Launch Cebu – Baguio Flights in December 
Honeywell Redesigns Flight Efficiency Platform 
P3 Expands ‘Collect Your Key’ Kiosk Service Beyond UK 
British Airways Partners Chooose to Launch CO2llaborate 
Saudia Signs MOU for 100 Lilium eVTOL Jets 
Sean Mosher Appointed GM of Two Four Seasons Hotels in Thailand 
Asia Pacific Airlines Carried 11.7 Million Int. Passengers in September 
Cebu Pacific Opens Self-Bag Drop Counters at Clark Int. Airport in Philippines 
HKIA Expands Use of Flight Token for Hong Kong Residents 
Air Canada Converts Options for 15 A220-300 Aircraft into Firm Orders 
Jaguar Launches Electric Gate-to-Gate Airport Transfer Service with United Airlines 
Alaska Airlines Converts Options for 52 Boeing 737 MAX Aircraft into Firm Orders 
Marriott to Expand Caribbean and Latin America Portfolio with City Express Acquisition 
Rosewood Signs Fourth Hotel in Italy 
Accor Signs Pullman Hotel in Penrith, Western Sydney 
ATPCO Donates Important Piece of Aviation History to Library of Congress 
Air Côte d’Ivoire Orders Two A330neo Aircraft 
Air Canada Partners CAE to Double Number of Captain Judy Cameron Scholarships 
ICC Sydney Launches Interactive Venue Map 
Hong Kong Airport Reports 132.7% Increase in Passengers; Cargo Down 25% 
Aviation Institute of Maintenance Partners American Airlines 
Airbus Delivers Last Batch of Pléiades Neo Satellites 
Japanese Hotel Company Signs Distribution Agreement with Sabre 
Malaysia Airlines Increases Flights to Japan 
Emirates Activates Codeshare Agreement with Indonesia’s Batik Air 
Marriott Signs All-Inclusive, Adults-Only W Resort in Uvero Alto, Dominican Republic 
Arabella El Barkouki Returns to Dorchester Collection as Global Director of Sales 
IHG Signs First Vignette Collection Hotel in the Americas 
Cathay Pacific Carried 265,845 Passengers in September 
Boeing Forecasts Latin America and Caribbean Region to Need 2,240 New Planes by 2041 
Amazon Air to Expand Fleet with Ten A330-300P2F Aircraft 
Food Sales Approved for Hong Kong Sevens in November 
NAC Signs P2F Conversion Agreement with Embraer 
Air Astana Shows Off Creativity with Upcycling for the Future Project 
Cross Hotels Expands Distribution Strategy by Partnering Trip Affiliates 
William Costley Joins Minor Hotels as SVP of Operations – Asia 
IHG Begins Search for New CFO 
Dusit Thani Maldives Appoints Jacques Leizerovici as GM 
Alejandro Reynal Joins Four Seasons as President and CEO 
Bombardier Unveils Luxurious Executive Cabin of Global 7500 and 8000 Business Jets 
Singapore Confirms Changes to F1 Grand Prix Circuit 
Bahrain to Host IATA World Passenger Symposium 2022 from 1-3 November 
bp ventures Invests US$6 Million in Free Electric Ride-Hailing Business 
Rolls-Royce to Test SAF Produced by Alder Fuels’ Greencrude Technology 
Qatar Airways Privilege Club Signs 10-Year Agreement with Visa 
Azul Implements SITA’s Flight Tracking and Weather Solution 
Business Travel Trends in Asia Pacific – Video Interview with Brett Thorstad, Sabre 
Accor Signs Second Movenpick Hotel in Jakarta, Indonesia 
Bamboo Airways Begins Digital Transformation with Amadeus Partnership 
Two Executive Appointments at Duetto Asia Pacific 
Air Astana Takes Delivery of 9th Airbus A321LR 
Air Cairo Signs Global Maintenance Agreement with ATR 
Jet2 Orders 35 Airbus A320neo 
Norse Atlantic Airways to Sublease Fifth Aircraft 
Sabre Unveils Results of Business Travel Survey 
SLH Partners La Vie Hotels and Resorts 
DidaTravel Signs Content Agreement with Travelport 
Virgin Atlantic Takes Delivery of First A330neo 
US DOT to Grant Norse Atlantic UK a Foreign Air Carrier Permit 
Metrojet and ExecuJet Haite Establish China-Based Joint Venture 
FlightSafety to Expand Pilot Training with New Praetor 500 and 600 FFS 
Hawaiian Signs Bilateral Interline Agreement with Mokulele Airlines 
Hyatt Partners Toyota for Japan’s First Unbound Collection Hotel 
Air Tahiti Orders One ATR 72-600; Confirms Deal for Two ATR 42-600S 
Radius Travel Expands Partnership with ITL World 
Fuwairit Kite Beach Resort Opens in Doha, Qatar 
Chris Peak Joins Business Events Industry Aotearoa as Events Manager 
Air Canada to Expand International Network for Summer 2023 
France Upgrading Communication Networks of Domestic Security Forces 
Embraer Closes First Credit Operation with UK Export Finance 
Korean Air Unveils Selection of New Inflight Wines 
Singapore Airlines to Expand Use of SITA OptiClimb 
oneworld to Relocate Global HQ from New York to Fort Worth, Texas 
Natthadol Patthamadilok Appointed Senior GM of Somerset Pattaya 
ATR Receives EASA Type Certification for PW127XT-M Engine 
RoomIt to Provide Amazon with Hotel Category Services Support 
Jumeirah to Expand Portfolio with Resort in Bahrain 
ATPCO and ARC to Combine Elevate and TravelConnect Conferences in 2023 
Emirates to Upgrade Tokyo-Narita Capacity with A380 
AirAsia to Launch Penang – Bali Flights 
Pictures from Miss International Queen 2022 in Pattaya, Thailand 
HD Video Interviews from Miss International Queen 2022 in Pattaya, Thailand 
Is Siam Seaplane Ready for Take Off? Interview with Dennis Keller, Chief Business Officer 
HD Videos and Interviews 
Podcasts from HD Video Interviews 
RSS Feed – Travel Industry News 
Ticker – Travel Industry News 
Travel Industry News Archives 
Travel Trade Shows 
High-Res Picture Galleries 
Travel News Asia – Latest Travel Industry News