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EasyHotel buys Birminghan city centre property

Thu, 21st Jan 2016 14:21

(ShareCast News) - Budget hotel operator easyHotel said it was trading in line with expectations in both its owned and franchised hotels, as it announced the acquisition of a new property in Birmingham.The group has conditionally bought the 125 year leasehold of 81-91 John Bright Street in Birmingham's city centre, which it intends to convert into an easyHotel.The purchase of the property, which is located 120 metres from the new entrance to Birmingham New Street Station and 500 metres from the Bullring shopping centre, is subject to obtaining planning consent for a hotel.The company estimated the total cost of the purchase and conversion to an 84-room hotel at around £4.5m.Chief executive Guy Parsons said: "Along with its six universities and internationally reputed arts scene, Birmingham is also the UK's fourth largest tourist destination, with 34 million visitors in 2014."We see significant opportunity for easyHotel to service business customers and leisure visitors to Birmingham's lively events programmes and look forward to building our brand presence in the city."EasyHotel said the current financial year to date has seen an acceleration in both the owned and franchised hotel development pipelines "as it continues to establish itself as the leading branded super budget chain".At 1437 GMT, easyHotel shares were up 2.5% to 90.18p.
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29 Oct 2018 11:04

easyHotel Buys Site In Bristol, Secures Planning Permission In Oxford

LONDON (Alliance News) - easyHotel PLC on Monday said it bought a site in Bristol, England, to develop a 145-bedroom freehold hotel, subject to planning permission.The budget hotel said the

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8 Oct 2018 08:57

EasyHotel targets continental expansion as sales and revenue grow

(Sharecast News) - After an "excellent" performance from newly opened hotels, EasyHotel reported improved room revenue and sales for the year ended 30 September on Monday.

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1 Oct 2018 16:04

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24 Sep 2018 13:26

EasyHotel opens five new sites, agrees to buy Blackpool site

(Sharecast News) - EasyHotel announced on Monday that it has opened five new sites and conditionally acquired a 999-year lease on a site in Blackpool.

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10 Sep 2018 17:44

DIRECTOR DEALINGS: EasyHotel Non-Exec Chairman Lane's Wife Buys Shares

LONDON (Alliance News) - easyHotel on Monday said Kerry Lane, a person closely associated with Non-Executive Chairman Jonathan Lane, purchased shares in the company.Lane bought 50,000 at a

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13 Aug 2018 09:22

EasyHotel makes Gary Burton CFO as Vieilledent becomes development director

(Sharecast News) - EasyHotel said on Monday that Gary Burton will become chief financial officer with effect from 29 October, as current CFO Marc Vieilledent steps into the role of group development director.

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9 Aug 2018 11:26

Planning Permission Granted For easyHotel's Cardiff Development

LONDON (Alliance News) - Budget hotel developer easyHotel PLC said Thursday it has been given planning permission to build a 120-bedroom hotel at its freehold site in Cardiff.The company of

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16 May 2018 16:29

UK Earnings, Trading Statements Calendar - Next 7 Days

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23 Jan 2017 09:53

easyHotel Trading In Line With UK, Europe Hotel Market Improvement

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23 Jan 2017 07:56

EasyHotel in line with expectations with a pipeline of new hotels

(ShareCast News) - EasyHotel is trading in line with expectations as the market improved in the last two months of 2016, while the budget hotel operator plans to open further hotels during 2017. The AIM-listed company said for the year ended 30 September the company had made "good progress" and is i

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3 Jan 2017 17:39

DIRECTOR DEALINGS: easyHotel Chief Executive Parsons Buys Shares

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20 Dec 2016 12:07

easyHotel Buys Leasehold For Sheffield Site To Develop New Hotel

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20 Dec 2016 11:48

EasyHotel buys long leasehold site in Sheffield city centre

(ShareCast News) - EasyHotel has conditionally acquired the 999-year leasehold of part of the building at 57-65 High Street in the heart of Sheffield's city centre for the development of a new hotel, subject to planning permission. The building, previously occupied by Primark, is to be developed int

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29 Nov 2016 09:22

EasyHotel profit and revenue rise in full year

(ShareCast News) - EasyHotel posted a jump in full-year profit and revenue for the year to the end of September, as it accelerates its development pipeline, with 1,527 rooms now in development. Pre-tax profit rose 38.4% to £1.09m on total revenue of £6.02m, up 8.7% from the year before. Total syste

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22 Nov 2016 16:20

UK Earnings, Trading Statements Calendar - Next 7 Days

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