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Norte 19 in Numbers

Years operating

Hotels

Projects under development

Rooms in operation

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About
Norte 19

Information Stock

4.21 MXN

0.01 | 0.24% 01/07/2024

History

We are a Mexico City-based company founded in 2002 by Luis Eduardo Barrios Sánchez. Since its inception, Hoteles City has focused on presenting the market with a new approach to hospitality that prioritizes design, innovation, and construction. This included the operation and management of hotels through a local brand that significantly benefited customers and caught the attention of large chains such as Marriott.

This finally led to the integration of the Hoteles City brand into this international hotel chain, and, in May 2023, we concluded the sale of our 5 brands (City Express, City Express Plus, City Express Suites, City Express Junior, and City Centro), the loyalty program (City Premios Rewards), associated brands, domains, and intellectual property to Marriott International.

This established a strategic relationship to continue operating and managing the hotels, now backed by the “By Marriott” brand, while also coordinating and managing new projects in Latin America and the Caribbean. Promotora de Hoteles Norte 19 was born from this success story that transformed the hotel industry in Mexico and resulted in the strategic relationship with Marriott International, making us the largest operator and manager-by number of hotels-for Marriott in the region. Norte 19 can develop and operate other brands in different market segments, which we will be able to leverage to continue growing in the region, we retain the business model that we previously had at City Express Hotels, and we will continue to operate our different business divisions (hotel assets, hotel operator, developer, and technology platform).

historia
Integrated Solutions

Norte 19 is a company dedicated to offering integrated solutions for the investment, development, and management of your hotel business. Our offerings include a hotel investment fund, a professional team for operations, design and development of tourism projects and the development and operation of technology solutions for hotel management and marketing.

Our Commitment

We are committed to productivity and resource optimization are our commitment. Based on management processes implemented by experienced leaders, we produce high-quality results while meeting international brand standards. In addition, we leverage economies of scale to achieve efficiencies that maximize the value of your hotel.

What makes Norte 19 different from the rest?

At Norte 19 we offer a vertical service, providing solutions for construction, development, operation, and technology needs in the hospitality sector. Strong integration of our operations and marketing, affords us a clear vision of consumer behavior, allows for a prompt response to their needs, and faster communication and coordination with our distribution network. This results in premium hotels and high-quality service which are supported by our single-manager structure.

Our patented technology allows us to react faster to market dynamics at a lower cost, resulting in a more flexible and efficient operation. We offer in-depth knowledge of the local market and the brands' target customers.

Our culture is based on rigorous planning and discipline that rests on 9 core principles, a flat organizational structure, and the empowerment of our team. Our local advertising budget allows us to respond rapidly and align carefully to the day-to-day needs of each of our hotels and the company.

Hotel Management

We currently operate more than 150 hotels to international standards, ranging from the midscale segment, to select services and full service. Our team is comprised of professionals with extensive experience in both operating in local markets and marketing using traditional and digital media. Norte 19's professional team has a vast experience in the hotel sector, having developed more than 5 recognized brands in our industry. We currently operate more than 17,000 rooms in Mexico, Colombia, Chile, and Costa Rica, in addition to the approval of several hotel chains to operate their brands.

Project Development

We design hotels with our own concepts, and we also develop projects that align with the standards of established brands. Our team of experts ensures quality in all stages of the project, meeting requirements and optimizing costs to ensure the success of each hotel. We have developed more than 1,000,000 m2 of integrated projects for the hotel industry, including interior design and equipment. Our team adapts each project to your needs, whether they are new hotels, remodeling projects, or conversions.

Technology

We develop specialized software for the hospitality industry that gives owners and operators greater control of their business while streamlining decision-making. We have tools that improve development, operations, distribution, support and guest experiences as well as optimizing digital distribution.

Learn more about Norte 19 Factsheet

Mission, Vision and Values

Our mission

To offer integrated solutions for the investment, development, and management of the hotel business, maximizing the value of each property through innovation and a team committed to service excellence.

Our vision

To set trends through innovative hospitality solutions that respond to the evolving needs of our customers and earn their loyalty.

Our values

These are the core values that define Norte 19's culture. Passion for service: Excellence is our standard. We strive to exceed expectations, delivering a superior quality of service to ensure complete satisfaction. Ingenuity and creativity: These are essential elements at Norte 19, as they represent a key factor for competitiveness, growth, and continuous evolution. Empathy: We put our heart into everything we do. We understand and value each person with whom we interact, and seek to create lasting and meaningful experiences. Sustainability: We look to the future. We are committed to practices that protect the environment, promote well-being in the community, and ensure equitable progress. These values not only define who we are as a company but also guide our daily decisions and actions, ensuring that Norte 19 remains an innovative and responsible leader in the hospitality industry.

Financial
Information

Information Stock

4.21 MXN

0.01 | 0.24% 01/07/2024

Learn more about Norte 19 in our

Corporate Presentation

FSTAY

Documents

iconFSTAY Placement Prospectus, Information Prospectus and Corporate Presentation

iconHCITY Corporate Restructure Prospectus

PDF

Stock
market

Information Stock

4.21 MXN

0.01 | 0.24% 01/07/2024

Analyst Coverage

Financial Institution Analyst Email Recommendation Target Price
Monex Brian Rodriguez brodriguezo1@monex.com.mx TBD TBD
Signum Research Armando Rodriguez armando.rodriguez@signumresearch.com TBD TBD
JP Morgan Froylan Mendez froylan.mendez@jpmresearchmail.com TBD TBD
Actinver Valentín Mendoza vmendoza@actinver.com.mx TBD TBD
Morgan Stanley Nikolaj Lippmann nikolaj.lippmann@morganstanley.com TBD TBD
Bank of America Merril Lynch Carlos Peyrelongue carlos.peyrelongue@baml.com TBD TBD
historia

Information Stock

Price and Graph

Action information

4.21 MXN

0.01 | 0.24% 01/07/2024

Action information

4.21 MXN

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Action information

4.21 MXN

0.01 | 0.24% 01/07/2024

Action information

4.21 MXN

0.01 | 0.24% 01/07/2024

Action information

4.21 MXN

0.01 | 0.24% 01/07/2024

Action information

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0.01 | 0.24% 01/07/2024

Shareholding Structure

Press Releases

2023

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a noviembre 2023

Hoteles City Express Anuncia la Apertura del hotel City Express by Marriott Cancún Aeropuerto

Hoteles City Express informa sobre la retransmisión de información financiera a través del EMISNET y Sitv-2

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a octubre 2023

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a septiembre 2023

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a agosto 2023

Hoteles City Express Concluyó de Manera Exitosa el Refinanciamiento de su Crédito Sindicado por $3,050.0 Millones de Pesos

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a julio 2023

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a junio 2023

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a mayo 2023

Hoteles City Anuncia el Prepago de Deuda por $800,000,000.00 (Ochocientos Millones de Pesos 00/100 M.N.) al Crédito Sindicado

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a abril 2023

Hoteles City anuncia el inicio de la Relación Estratégica que incluye la venta de sus cinco marcas y su programa de lealtad a Marriott International

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a marzo 2023

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a febrero 2023

Hoteles City anuncia la autorización de la COFECE para llevar a cabo la venta de sus marcas a Marriott International Inc.

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a enero 2023

Llamada de Resultados 4T22

Hoteles City Express Anuncia la Apertura de los Hoteles City Express Plus Guadalajara Providencia, City Express Plus Mazatlán y el Acuerdo de Ambas Partes para la Conclusión del Contrato de Franquicia del Hotel City Express Plus Satélite

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a Diciembre 2022

2022

Hoteles City Express Anuncia la Conclusión de la Vigencia del Contrato de Franquicia del Hotel City Express Morelia

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a noviembre 2022

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a octubre 2022

Hoteles City Anuncia Una Relación Estratégica y La Venta de sus Marcas a Marriott International

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a septiembre 2022

Hoteles City Express Anuncia por Acuerdo de Ambas Partes la Conclusión del Contrato de Franquicia del Hotel City Express Plus Chihuahua

Hoteles City Express Aclara Sobre las Notas Periodísticas Publicadas el Día de Hoy

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a agosto 2022

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a julio 2022

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a junio 2022

Hoteles City Express Anuncia Firma de Promesa de Compra Venta de un Terreno en Puerto Montt, Chile

Hoteles City Express Anuncia la Adhesión del Banco ICBC al Crédito Sindicado

Hoteles City Express Anuncia la Venta de un Terreno en Cancún, Quintana Roo

Hoteles City Express Anuncia sus Indicadores Hoteleros Correspondientes a abril y mayo 2022

Hoteles City Express Anuncia la Apertura del Hotel City Express Monterrey Universidad, Alcanzando 153 Hoteles en Operación

Hoteles City Express Anuncia Venta del 50% de la Participación Accionaria de un Portafolio de Hoteles en Tijuana y Ensenada

Hoteles City Express Anuncia Venta del 50% de la Participación Accionaria del Hotel Ce Chihuahua

Hoteles City Express Anuncia la Salida del Director de Administración y Finanzas

Reporte Trimestral 4T21

2021

Hoteles City Express Anuncia la Conclusión de la Vigencia del Contrato de Administración y Franquicia del Hotel City Express Buenavista

Hoteles City Express Anuncia la Convocatoria a la Asamblea General Anual Ordinaria de Accionistas el Próximo Miércoles 21 de Abril de 2021

Hoteles City Express anuncia la celebración de la asamblea general anual ordinaria de accionistas el 21 de abril de 2021

Hoteles City Express Anuncia la Apertura del Hotel City Express Plus San Luis Potosí, Alcanzando 154 Hoteles en Operación

Hoteles City Express Anuncia la Conclusión de la Vigencia del Contrato de Administración y Franquicia del Hotel City Express Atlixco

Hoteles City Express Anuncia Refinanciamiento de Tres Líneas de Crédito con Crédito Simple Sindicado por $3,827 Millones de Pesos y la Intención de Realizar un Aumento de Capital a Través de una Suscripción de Acciones

Hoteles City Express Anuncia Convocatoria a la Asamblea General Ordinaria de Accionistas el Próximo Miércoles 21 de Julio de 2021

Hoteles City Express Anuncia la Apertura del Hotel City Express Lagos de Moreno, Alcanzando 154 Hoteles en Operación

Hoteles City Express Anuncia la Celebración de la Asamblea General Ordinaria de Accionistas el 21 de julio de 2021 (BMV:HCITY)

Hoteles City Express Anuncia el Aviso de Ejercicio por el Aumento de Capital a iniciar el 11 de Agosto de 2021

Hoteles City Express Anuncia la Publicación del Aviso de Inicio de Periodo de Preferencia

Hoteles City Express Anuncia el Aviso de Resultados del Periodo de Preferencia Correspondiente al Aumento de Capital

Hoteles City Express Anuncia la Firma de la Promesa Vinculante de Compraventa para un Terreno en Puerto Montt, Chile

Hoteles City Express Anuncia el Pago y Asignación de las Acciones del Aumento de Capital

Hoteles City Express Anuncia la Renovación del Contrato de Formador de Mercado con UBS

Hoteles City Express Anuncia la Firma de la Promesa Vinculante de Compraventa para el Hotel Carlton en la Ciudad de México

Hoteles City Express Anuncia la Conclusión de la Vigencia del Contrato de Administración y Franquicia del Hotel City Express Zamora

Hoteles City Express Anuncia el Cierre Definitivo del Hotel City Express Coatzacoalcos

Hoteles City Express Anuncia la Firma del Contrato de Formador de Mercado con BTG Pactual

Hoteles City Express anuncia el Cierre de la Venta del Hotel Carlton en Ciudad de México

Hoteles City Express Anuncia la Firma de la Promesa Vinculante de Venta de un Terreno en Reynosa

Hoteles City Express Anuncia Venta del 50% de la Participación Accionaria de un Portafolio de Hoteles en Tijuana y Ensenada

Hoteles City Express Anuncia la Firma y Cierre de la Venta de un Terreno en Barranquilla, Colombia

Upcoming events

Thursday, October 18, 2024.

Q2 2024 Earnings Call.

Promotora de Hoteles Norte 19 cordially invites you to the Q2 2024 Earnings Call. The Company will release its Q2 2024 results on Wednesday, July 17, 2024, after market close.

Environmental, Social and Government

Information Stock

4.21 MXN

0.01 | 0.24% 01/07/2024

Guests of the World

At Norte 19, we stand out due to our ability to integrate innovative and sustainable solutions that transform the concept of hospitality. Our people are our priority, and we dedicate resources to the development and well-being of each team member. This ensures that they are empowered to deliver the best service to our customers while engaging in practices that protect the environment, promote community well-being, and ensure equitable progress.

Our platform that houses the sustainable programs and actions that Norte 19 carries out to make a positive impact on society and increase the economic and social well-being of the communities where it is present and reflects the essence, values, and philosophy of Norte 19.

Learn more about our actions in the

Sustainability Report 2023

Manifest

In Norte 19 we believe that we are all guests of this world and what really matters is that following our stay we leave a positive footprint for the future. This is how Norte 19, through the development and operation of national and international hotels, reaffirms its sustainable commitment, which distinguishes it as the first company in Mexico to implement sustainable measures in the services it offers.

Goals for 2025

metas

Increase the participation of hotels incorporated in the portfolio under the environmental volunteer program by 80%.

metas

Implement initiatives that support our carbon capture and mitigation strategy.

metas

Reduce gas consumption by 5%, water consumption by 4%, and electricity consumption by 3%.

metas

Support the global commitment to halve emissions by 2030 and achieve net zero by 2050 - Glasgow Declaration.

metas

Continue with the organizations active commitment to the incorporation and monitoring of international ESG (Environmental, Social, and Governance) standards.

inversión en hoteles

Increase the participation of hotels incorporated in the portfolio under the environmental volunteer program by 80%.

administración de hoteles

Implement initiatives that support our carbon capture and mitigation strategy.

diseño y desarrollado de proyectos

Reduce gas consumption by 5%, water consumption by 4%, and electricity consumption by 3%.

tecnología para administración y distribución

Support the global commitment to halve emissions by 2030 and achieve net zero by 2050 - Glasgow Declaration.

tecnología para administración y distribución

Continue with the organizations active commitment to the incorporation and monitoring of international ESG (Environmental, Social, and Governance) standards.

Our Sustainable Model

Consider 3 strategic themes

Environmental conservation

To mitigate climate change, protect biodiversity and seek resource efficiency.



Economic value

To promote the integral development of communities by generating well-paying jobs, supporting social entrepreneurship, and ensuring ethical performance in its operations.

Social welfare

To promote fair and equitable labor practices and improve the living conditions of local communities by being a Socially Responsible Company.

Environmental conservation

icon Care for biodiversity

icon Waste reduction and energy efficiency

icon Responsible tourism

conservacion del medio ambiente

Creation of economic value

icon Support for Innovation and Entrepreneurship

icon Generation of direct and indirect jobs

icon Ethics, Transparency and Governance

creacion de valor economico

Contribution to social welfare

icon Inclusion and Diversity

icon Training and Development

icon Partnerships with high impact organizations

contribucion al bienestar social

Our 2023 achievements

metas

Social investment of 4.8 million pesos, allocating 60% in kind with the donation of 1,922 nights of accommodation, and the remaining 40% as an economic investment for social projects and emissions offsets.

metas

We generated alliances with 30 organizations and institutions that work for the benefit of the environment and society.

metas

We reduced water use by 2.37%. By the end of 2023, we operated 43 hotels using natural gas, which will enable us to implement initiatives which support the energy transition.

metas

We encouraged the participation of 989 volunteers from 100 hotels through our Environmental Volunteer Program.

metas

Our actions contributed to the advancement of the 17 Sustainable Development Goals (SDGs) established in the 2030 Agenda of the UN (United Nations).

inversión en hoteles

Social investment of 4.8 million pesos, allocating 60% in kind with the donation of 1,922 nights of lodging, and the remaining 40% as economic investment for social projects and emissions offsets.

administración de hoteles

We generated alliances with 30 organizations and institutions that work for the benefit of the environment and society.

diseño y desarrollado de proyectos

We reduced water use by 2.37%. By the end of 2023, we operated 43 hotels using natural gas, which will enable us to implement initiatives which support the energy transition.

tecnología para administración y distribución

We encouraged the participation of 989 volunteers from 100 hotels through our Environmental Volunteer Program.

tecnología para administración y distribución

Our actions contributed to the advancement of the 17 Sustainable Development Goals (SDGs) established in the 2030 Agenda of the UN (United Nations).

Our certification catalog

hotel hidro sustentable
the global compact
empresa socialmente repsonsable
u.s. green building council
codigo de conducta nacional
mejores lugares para trabajar
edge
Assembly Convocation Resolutions Annexes
Asamblea General Anual Ordinaria y Extraordinaria de Accionistas 25 de Abril del 2024 Download Download Download
Asamblea General Anual Ordinaria de Accionistas 27 de Abril del 2023 Download Download Download
Asamblea General Anual Ordinaria de Accionistas 27 de Abril del 2022 Download Download Download
Asamblea General Ordinaria de Accionistas 21 de Julio del 2021 Download Download Download
Asamblea General Anual Ordinaria de Accionistas 21 de abril de 2021 Download Download Download
Asamblea el 29 de Abril de 2020 Download Download Download
Asamblea del 24 de Abril de 2019 Download Download
Asamblea del 25 de Abril de 2018 Download Download
Asamblea del 15 de Febrero de 2018 Download Download Download
Asamblea del 27 de Abril de 2017 Download Download
Asamblea del 20 de Abril de 2016 Download Download
Asamblea del 22 de Abril de 2015 Download Download
Asamblea del 24 de Septiembre de 2014 Download Download
Asamblea del 23 de Abril de 2014 Download Download
Asamblea del 5 de Diciembre de 2013 Download Download

Board members

Our Board of Directors is responsible for the management of our business. It meets at least once every quarter, and can do so extraordinarily as necessary. It currently consists of 11 main members, 10 of which are independent.

The following chart sets forth our current directors and their alternates, as applicable, per their appointment by our shareholders' meeting.

Luis Barrios

President, Co-founder

Leonardo Schlesinger

Chief Executive Officer

Alberto Granados

Chief Operating Officer

Santiago Parra

Chief Financial Officer

Carlos Adams

Chief New Projects Officer

Paulina Mendoza

Chief Marketing Officer

Baltasar Artero

Chief Construction and Development Officer

Francisco José Fabregat

Chief Information Officer (CIO)

Danae Zamora Solorio

Chief Commercial Officer

Marco Saccucci

Chief Legal Officer

Sandra Ávalos

Chief Human Resources Officer Mexico-LATAM

Adolfo Márquez

Chief Security Officer

Mónica Narro

Deputy Director of Public Relations

María Heidy de la Cruz Salas

Corporate Sustainability Manager

Luis Barrios

President, Co-founder

Leonardo Schlesinger

Chief Executive Officer

Alberto Granados

Chief Operating Officer

Santiago Parra

Chief Financial Officer

Carlos Adams

Chief New Projects Officer

Paulina Mendoza

Chief Marketing Officer

Baltasar Artero

Chief Construction and Development Officer

Francisco José Fabregat

Chief Information Officer (CIO)

Danae Zamora Solorio

Chief Commercial Officer

Marco Saccucci

Chief Legal Officer

Sandra Ávalos

Chief Human Resources Officer Mexico-LATAM

Adolfo Márquez

Chief Security Officer

Mónica Narro

Deputy Director of Public Relations

María Heidy de la Cruz Salas

Corporate Sustainability Manager

Download our

Social statutes

Corporate Governance Policies

Norte 19 has policies and guidelines that regulate the activities that its personnel carry out as part of their daily activities, directly or indirectly with a public official, government employee, national or international public organization, or with a member of a political party, or a candidate for public office, any government department or agency, or any official or employee of a government-owned company.

icon Related Party Regulation Policy

icon Conflict of Interest Policy

icon Anti-corruption Policy

icon Guidelines on Antitrust and Anti Dumping Practices

Code of Ethics

Through the Code of Ethics, we instituted a framework of behavior that outlines the principles that drive our company. The Code of Ethics is a mechanism to prevent corruption at any level. It is available for consultation here, as well as being distributed in various internal communication channels, public materials, statements to the media, bids with suppliers, among others, and is applicable to all our stakeholders.

Download code of ethics

Complaint line

Norte 19 has a policy that regulates the Complaints Procedure in detained form. This policy seeks to be a guide to support our employees in reporting illegal activities or activities that conflict with the guidelines of any of the internal policies or Code of Ethics of the organization.

Complaints Procedure

The complaint must be reported no later than 15 days after the event so that it receives the proper attention.

The complaint must be sent in writing to:

denuncias.norte19@norte19.com

Subject: Complaint

Or by phone

México: 01-800-1223-3312

Colombia: 01-800-752-2222

Costa Rica: 0-800-054-1046