4 Feb 2016 16:28
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Don't have an account? Click here to register.EasyHotel gets planning permission for Barcelona hotel
Tue, 04th Oct 2016 09:52
(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 raised £38m through the placing of new shares as it looks to fund its expansion across Europe.Chief executive Guy Parsons said at the time: "With more opportunities available than had been expected, and over 4,500 rooms committed or identified in the owned and franchise development pipeline, the proceeds of the placing will primarily be used to fund the continuation of our owned hotel roll-out to deliver enhanced financial returns, whilst consolidating EasyHotel's position as a leader in the super budget hotel market in Europe and the Middle East."At 0955 BST, the shares were up 2.2% to 95.54p.
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21 Jan 2016 14:21
EasyHotel buys Birminghan city centre property
(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 Birmingh
Read more14 Jan 2016 16:18
31 Dec 2015 11:56
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9 Dec 2015 09:30
Transition, expansion pays off for easyHotel
(ShareCast News) - Stelios' charge into the hotel sector paid off for another year on Wednesday, with easyHotel reporting a healthy boost to its earnings. The AIM-listed budget accommodation chain, known for its garish orange locations, saw total system sales increase by 15% in the year to 30 Septem
Read more8 Dec 2015 15:57
10 Nov 2015 10:38
easyHotel signs deal to expand Middle East footprint
(ShareCast News) - Budget hotel operator easyHotel has signed a master development partnership with MAN Investments to develop its brand in the Middle East. The AIM-listed company announced the deal on Tuesday, and said MAN Investments will focus its new developments in the United Arab Emirates and
Read more