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Easyhotel acquires building in Manchester for £6m

Fri, 05th Jun 2015 15:43

Budget hotels operator Easyhotel has acquired a new building in Manchester for £6m.The purchase of the building, built in the 1800s and known as "The Flatiron" because of its shape, is conditional to Easyhotel obtaining planning permission to build a hotel.Easyhotel plans to build a 114-bedroom hotel, which would open in summer 2016.Chief executive Simon Champion said: "Manchester has substantial international tourism, good economic growth potential, a large population and successful, internationally-renowned universities."We expect this new Easyhotel to attract a variety of leisure and business customers looking for good quality accommodation at an affordable price and look forward to being a part of the city's ongoing success."The group this week posted a rise in half-year profits and revenues due to an increase in hotel portfolio capacity.Pre-tax profit rose 7% to £0.37m, while revenue doubled to £2.6m..The company also plans to open a new hotel in Croydon, south London, in November 2015 and acquired a development site in Liverpool which is expected to open in spring 2016.On Friday, Easyhotel shares closed up 2.58% to 77.45p.
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14 Nov 2016 08:07

easyHotel completes purchase of land for Barcelona hotel

(ShareCast News) - AIM-listed budget hotel owner easyHotel said it had completed the acquisition of land for its new site in Barcelona. In a statement, the company said the 204 room hotel would be located on Gran Via, the main avenue of L'Hospitalet de Llobregat. Planning permission has been grante

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4 Oct 2016 09:52

EasyHotel gets planning permission for Barcelona hotel

(ShareCast News) - EasyHotel has been granted planning permission for a 204-room hotel on Gran Via in Barcelona. The group said acquisition of the land for the new-build hotel is expected to complete in the coming weeks and the hotel is due to open in early 2018. Last week, EasyHotel said it had ra

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28 Sep 2016 10:17

EasyHotel announces placing to fund roll-out strategy

(ShareCast News) - EasyHotel has announced plans to place up to 38m new ordinary shares at 100p per share to fund its owned hotel roll-out strategy. The placing represents about 60.8% of the ordinary shares in issue and the price is a premium of approximately 18.3% to the closing mid-market price on

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28 Sep 2016 09:43

WINNERS & LOSERS SUMMARY: UK Mail Jumps On Deutsche Post Cash Offer

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28 Sep 2016 07:53

easyHotel Raises GBP38.0 Million For Hotel Roll-Outs (ALLISS)

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16 Aug 2016 12:32

EasyHotel announces third franchise hotel in Amsterdam

(ShareCast News) - EasyHotel announced on Tuesday that it has a further 96 rooms under development by its Benelux franchisee. The EasyHotel Amsterdam-Zaandam will be located on the ninth to eleventh floors of the Saentower in the heart of Zaandam, with construction expected to begin shortly and the

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27 Jul 2016 15:55

easyHotel adds 300 rooms in Turkey despite low tourist demand

(ShareCast News) - Budget hotelier easyHotel added a further 300 rooms in its Turkey development despite low tourist demand, while also expanding in Portugal. EasyHotel signed a master development agreement with Kolay, a wholly owned subsidiary of construction and tourism company TOYA, to develop

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5 Jul 2016 08:06

easyHotel sells space in Liverpool building for £0.6m

(ShareCast News) - Budget chain easyHotel said it had sold part of a building in Liverpool under a 125-year leasehold agreement for £0.6m. The space, which is currently a restaurant operated by a third party, comprises the ground floor of the building and portions of the basement used by the restaur

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5 Jul 2016 07:28

easyHotel Sells Restaurant Space At Castle Street In Liverpool

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24 Jun 2016 15:35

UK Dividends Calendar - Next 7 Days

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16 Jun 2016 15:27

EasyHotel Plans To Appeal Planning Rejection For London Hotel

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26 May 2016 15:07

UK Dividends Calendar - Next 7 Days

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24 May 2016 07:33

easyHotel First-Half Profit Down On Costs, But Revenue Rises

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17 May 2016 15:08

Earnings, Trading Statements Calendar - Week Ahead

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13 Apr 2016 07:07

EasyHotel First Half Trades Above Expectations As Portfolio Grows

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