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Article - Marriott International Expands into Affordable Midscale Segment with Acquisition of the City Express Brand Portfolio - Transaction Makes Marriott International the Largest Hotel Company in the Caribbean and Latin America

Marriott completed the hotel acquisition of the City Express brand portfolio, adding about 150 properties to its franchise network

Bethesda-based hospitality giant Marriott International Inc. Tuesday announced it completed acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V., entering the affordable midscale segment and is launching its 31st brand, City Express by Marriott. The existing City Express hotel portfolio, consisting of approximately 150 properties, is now part of Marriott’s […]

Marriott International on Monday completed its $100 million acquisition of the City Express brand portfolio from Hoteles City Express. It has begun

Transaction Makes Marriott International the Largest Hotel Company in the Caribbean and Latin America 

Marriott International has reached an agreement with Hoteles City Express to acquire the highly regarded City Express brand portfolio, marking Marriott’s entry into the affordable midscale segment with its 31st brand.

In acquiring the Mexico-focused hotel chain, Marriott said it is making a foray into the "affordable midscale segment."

The hotel group says that the US$100 million acquisition will make it "the largest hotel in the Caribbean and Latin America".

  Marriott International signed a $100 million deal with Mexico-based midscale hospitality company Hoteles City Express to acquire its City Express brand portfolio, the company announced Wednesday.