City Express

Aimbridge Hospitality Names Eric B. Jacobs Chief Global Growth Officer

Retrieved on: 
Thursday, May 9, 2024
International, Renaissance Hotels, Aimbridge Hospitality, Hilton Worldwide, Marriott International, Sheraton, IHG Hotels & Resorts, Acquisition, City Express, Moxy, AC Hotels, Growth

PLANO, Texas, May 9, 2024 /PRNewswire/ -- Aimbridge Hospitality, a leading, global hotel management company and the world's largest third-party hotel operator, today announced Eric B. Jacobs as its new Chief Global Growth Officer, effective June 2, 2024. Jacobs will sit on the organization's executive leadership team and report directly to Craig S. Smith, Chief Executive Officer.

Key Points: 
  • Experienced development leader brings 35 years of multi-brand and diverse vertical experience to top hotel management company and is expected to expand company's U.S. and International footprint
    PLANO, Texas, May 9, 2024 /PRNewswire/ -- Aimbridge Hospitality, a leading, global hotel management company and the world's largest third-party hotel operator, today announced Eric B. Jacobs as its new Chief Global Growth Officer, effective June 2, 2024.
  • Jacobs will sit on the organization's executive leadership team and report directly to Craig S. Smith, Chief Executive Officer.
  • I'm looking forward to joining the Aimbridge leadership team and bringing forward innovative solutions that will drive rapid, sustainable growth for Aimbridge and its owners."
  • He succeeds Allison Reid, who served as Chief Global Growth Officer from July 2022 to May 2024.

Marriott International Announces Robust Growth Across the Caribbean and Latin America in 2023

Retrieved on: 
Monday, February 26, 2024
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PLANTATION, Fla., Feb. 26, 2024 /PRNewswire/ -- Following its recent announcement of strong global net rooms growth and a record year of global rooms signings, Marriott International today announced a year of robust room signings and additions across the Caribbean and Latin America (CALA) in 2023. The company nearly doubled its number of organic deal signings in the region versus prior year, signing 57 transactions and nearly 7,300 rooms in 2023 to reach a solid pipeline of 24,000 rooms across the region at the end of last year.

Key Points: 
  • PLANTATION, Fla., Feb. 26, 2024 /PRNewswire/ -- Following its recent announcement of strong global net rooms growth and a record year of global rooms signings, Marriott International today announced a year of robust room signings and additions across the Caribbean and Latin America (CALA) in 2023.
  • "We are pleased to report a great year of growth for Marriott in the CALA region, with strong development activity in 2023.
  • With continuing momentum in conversions, and our ongoing expansion across numerous segments, including luxury and all-inclusive, we remain focused on providing our guests and owners with more best-in-class options" said Laurent de Kousemaeker, Chief Development Officer for Marriott International in the Caribbean and Latin America.
  • In 2024, the City Express by Marriott brand is expected to further expand with new properties across the region.

Marriott International Announces Record Year of Global Signings and Strong Net Rooms Growth

Retrieved on: 
Monday, January 22, 2024
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BETHESDA, Md., Jan. 22, 2024 /PRNewswire/ -- At the Americas Lodging Investment Summit (ALIS), Marriott International, Inc. (NYSE: MAR) announced the company's record year of global signings with 52 percent more organic rooms signed in 2023 than in 2022, as it continues to expand offerings for owners, franchisees, and guests. The company also announced that it achieved strong net rooms growth of 4.7 percent in 2023.

Key Points: 
  • The company also announced that it achieved strong net rooms growth of 4.7 percent in 2023.
  • At year-end 2023, Marriott's global development pipeline totaled nearly 3,400 hotels and roughly 573,000 rooms, an increase of over 15 percent over a year ago.
  • Marriott added over 400 properties and nearly 64,000 organic gross rooms in 2023.
  • "Marriott remains focused on offering more best-in-class brands and experiences to meet the strong consumer demand for travel," said Marriott International President and CEO Anthony Capuano.

Marriott International Outlines Three Year Growth Plan at Security Analyst Meeting

Retrieved on: 
Wednesday, September 27, 2023
Marriott International, RevPAR, MGM, Travel, MGM Resorts International, Securities Analysts Association of China, Tax, Multimedia, Risk, EBITDA, Acquisition, Annual report, Webcast, Depreciation, Growth, EPS, City Express, Hotel, Pet industry, Development, Sheraton

BETHESDA, Md., Sept. 27, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today will present the company's three-year financial model through 2025 at its meeting with institutional investors and security analysts at the W South Beach in Miami Beach, Florida.

Key Points: 
  • These are our three paths to win," said Anthony Capuano, President and Chief Executive Officer, Marriott International.
  • Marriott expects to continue its disciplined approach to investing capital in long term value enhancing projects that drive cash flow growth.
  • Marriott will provide a live webcast of today's investor and security analyst conference.
  • Those wishing to access the webcast should log onto www.marriott.com/investor , and select the 2023 Security Analyst Meeting link.

Marriott Bonvoy Expands with Integration of City Express by Marriott

Retrieved on: 
Thursday, August 3, 2023
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BETHESDA, Md., Aug. 3, 2023 /PRNewswire/ -- Marriott International today announced that City Express by Marriott properties have transitioned into the company's award-winning travel program and marketplace, Marriott Bonvoy. Members can now earn points at nearly 150 additional hotels in the Caribbean and Latin America, further expanding choice and offerings.

Key Points: 
  • BETHESDA, Md., Aug. 3, 2023 /PRNewswire/ -- Marriott International today announced that City Express by Marriott properties have transitioned into the company's award-winning travel program and marketplace, Marriott Bonvoy.
  • Marriott International completed the acquisition of the City Express brand portfolio in May, entering the affordable midscale segment and launching its 31st brand, City Express by Marriott, making it the largest hotel company in the region.
  • All City Express by Marriott hotels are now bookable on Marriott.com and the Marriott Bonvoy app for a seamless booking and travel experience.
  • A detailed list of Marriott Bonvoy member benefits for City Express by Marriott stays is available on the Marriott Bonvoy website under City Express by Marriott.

Marriott International Announces Plans to Expand in Affordable Midscale Segment with New Extended Stay Lodging Brand

Retrieved on: 
Monday, June 5, 2023
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BETHESDA, Md., June 5, 2023 /PRNewswire/ -- Marriott International, Inc. (Nasdaq:MAR) announced today, in connection with the 2023 NYU International Hospitality Industry Investment Conference, its plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America.  Consistent with the company's approach to meeting the needs of guests with regionally relevant lodging products for every stay purpose, Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.

Key Points: 
  • Building Off Industry Leadership in Extended Stay, Marriott International Plans to Launch Affordable Midscale Extended Stay Offering in U.S. & Canada
    BETHESDA, Md., June 5, 2023 /PRNewswire/ -- Marriott International, Inc. (Nasdaq:MAR) announced today, in connection with the 2023 NYU International Hospitality Industry Investment Conference, its plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America.
  • The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.
  • Marriott's track record in extended stay and strong owner value proposition are compelling and driving our interest in growing this brand within our portfolio."
  • With our plans for Project MidX Studios, we will have an extended stay product in every lodging tier—from affordable midscale to upper upscale and luxury—for our customers and our owners and franchisees."

Marriott International Expands into Affordable Midscale Segment with Acquisition of the City Express Brand Portfolio

Retrieved on: 
Monday, May 1, 2023
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BETHESDA, Md., May 1, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that it has completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. (BMV: HCITY). With this acquisition, Marriott International has entered the affordable midscale segment and is launching its 31st brand, City Express by Marriott.

Key Points: 
  • BETHESDA, Md., May 1, 2023 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that it has completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B.
  • With this acquisition, Marriott International has entered the affordable midscale segment and is launching its 31st brand, City Express by Marriott.
  • "We are thrilled to expand our portfolio into the fast-growing affordable midscale segment," said Leeny Oberg, Chief Financial Officer and Executive Vice President, Development, Marriott International.
  • The City Express brand portfolio consists of five sub-brands: City Express, City Express Plus, City Express Suites, City Express Junior, and City Centro.

Marriott International Marks Another Year of Strong Acceleration in Signings

Retrieved on: 
Monday, January 23, 2023
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"We were pleased with the accelerating pace of development activity in 2022 as the global recovery continued," said Anthony Capuano, CEO, Marriott International.

Key Points: 
  • "We were pleased with the accelerating pace of development activity in 2022 as the global recovery continued," said Anthony Capuano, CEO, Marriott International.
  • "We have seen a tremendous year of growth in our international regions," said Carlton Ervin, Global Development Officer, International, Marriott International.
  • Select service development opportunities continue to be a key growth driver for Marriott, representing three-quarters of global deal signings and nearly half of signings across international regions.
  • Marriott's select service portfolio provides an array of brands including Courtyard by Marriott, Fairfield by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, Aloft Hotels, AC Hotels by Marriott and Moxy Hotels.

American Expediting to Acquire New England Healthcare Logistics Leader: City Express

Retrieved on: 
Wednesday, October 5, 2022
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FOLCROFT, Pa., Oct. 5, 2022 /PRNewswire/ -- American Expediting, a leading North American provider of transportation and logistics in the life sciences industry, announced the acquisition of City Express , a Boston-based industry leader in first and final mile delivery.

Key Points: 
  • FOLCROFT, Pa., Oct. 5, 2022 /PRNewswire/ -- American Expediting, a leading North American provider of transportation and logistics in the life sciences industry, announced the acquisition of City Express , a Boston-based industry leader in first and final mile delivery.
  • The acquisition is a critical step for American Expediting in expanding its presence in New England and growing its service portfolio to accelerate its journey to become the leading provider of complex healthcare logistics.
  • City Express operates an expansive medical courier network specializing in condition-sensitive biotech and medical deliveries, including warehousing and cross docking services in the New England market.
  • American Expediting provides expert and highly specialized services from cold-chain logistics to urgent same-day ground transport for its life science partners.

Rackspace Technology Brings the Benefits of Private Cloud to Hoteles City

Retrieved on: 
Tuesday, September 20, 2022
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SAN ANTONIO, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced today that it has implemented a private cloud managed services solutions for Hoteles City, the leading Mexican hotel development, construction, and management company.

Key Points: 
  • SAN ANTONIO, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced today that it has implemented a private cloud managed services solutions for Hoteles City, the leading Mexican hotel development, construction, and management company.
  • We have a longstanding relationship with Hoteles City, and the private cloud solution we have developed in collaboration with their team reflects our commitment to Fanatical Experience for our clients, said Enrique Valladares, Chief Sales Officer for LATAM at Rackspace Technology.
  • Our relationship with Rackspace Technology is as close as if they were members of our own team, said Francisco Fabregat, Information Technology Director, Hoteles City.
  • Its five brands include: City Centro, City Express Suites, City Express Plus, City Express, and City Express Junior.