Jaguar Growth Partners has acquired a 9.7% stake in Hoteles City Express, positioning itself as one of the largest shareholders and establishing a strategic partnership aimed at optimizing growth in the Mexican hospitality sector.

Target Information

Jaguar Growth Partners (Jaguar) has acquired a 9.7% stake in Hoteles City Express (HCITY), a prominent player in the Mexican hospitality sector. This acquisition solidifies Jaguar's position as one of HCITY's largest shareholders, fostering a strategic partnership between the two organizations. Founded in 2002, Hoteles City Express operates as the leading limited-service hotel chain in Mexico, emphasizing high-quality, affordable lodging tailored for business travelers.

With a portfolio of 124 hotels across Mexico, Costa Rica, Colombia, and Chile, HCITY's diverse brand offerings—including City Express, City Express Plus, City Express Suites, City Express Junior, and City Centro—allow it to cater effectively to various market segments. The company went public in June 2013 and has since focused on aggressive growth strategies to expand its footprint in the hospitality industry.

Industry Overview in Mexico

The Mexican hospitality sector is experiencing robust growth, supported by various domestic and international economic factors. A burgeoning middle class, rising tourism rates, and significant investments in inf