Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEZH.L Share News (EZH)

  • There is currently no data for EZH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

easyHotel Says Trading In Line As It Buys Birmingham Property

Thu, 21st Jan 2016 08:36

LONDON (Alliance News) - easyHotel PLC on Thursday said trading is in line with the board's expectations as it revealed it has bought a property in Birmingham.

The budget hotel operator said it has continued to make good progress in building its owned and franchise development pipeline, with the latest acquisition being a property at 81-91 John Bright Street in Birmingham.

easyHotel plans to convert the building into an 84-room easyHotel, expected to open in 2017. The total cost of the purchase and conversion of the building will be around GBP4.5 million.

"We are delighted to be investing in the UK's second largest city. 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," Chief Executive Guy Parsons said in a statement, ahead of the company's annual general meeting on Thursday.

Shares in easyHotel were trading up 0.9% at 88.80 pence on Thursday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
18 May 2020 13:46

UK DIRECTOR DEALINGS SUMMARY: Novacyt Chair And CEO Step In To Buy

UK DIRECTOR DEALINGS SUMMARY: Novacyt Chair And CEO Step In To Buy

Read more
28 Apr 2020 14:43

UK DIRECTOR DEALINGS SUMMARY: Citrus Buys More easyHotel At Exit Price

UK DIRECTOR DEALINGS SUMMARY: Citrus Buys More easyHotel At Exit Price

Read more
25 Mar 2020 11:51

UK TRADING UPDATE SUMMARY: IG Design And Others Warn Of Covid-19 Hits

UK TRADING UPDATE SUMMARY: IG Design And Others Warn Of Covid-19 Hits

Read more
18 Mar 2020 15:58

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
18 Mar 2020 15:58

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
16 Mar 2020 15:31

easyHotel Experiences Declines In Forward Bookings Due To Covid-19

easyHotel Experiences Declines In Forward Bookings Due To Covid-19

Read more
6 Mar 2020 10:48

UK WINNERS & LOSERS SUMMARY: Cineworld Slumps Amid Bond Movie Delay

UK WINNERS & LOSERS SUMMARY: Cineworld Slumps Amid Bond Movie Delay

Read more
6 Mar 2020 09:20

easyHotel Raises GBP11 Million From Investor To Fund Expansion Plans

easyHotel Raises GBP11 Million From Investor To Fund Expansion Plans

Read more
6 Mar 2020 08:41

LONDON MARKET OPEN: Stocks Down As Worries About Virus Crisis Continue

LONDON MARKET OPEN: Stocks Down As Worries About Virus Crisis Continue

Read more
6 Mar 2020 07:36

EasyHotel raises ?11m in subscription to fund expansion

(Sharecast News) - EasyHotel said on Friday that it has raised ?11m in a share subscription to fund its owned-hotel roll-out strategy.

Read more
20 Feb 2020 15:55

EasyHotel acquires site for new hotel in Madrid

(Sharecast News) - Super-budget hotel operator easyHotel has acquired a freehold site in Madrid, it announced on Thursday, where it plans to develop a 230-bedroom site.

Read more
20 Feb 2020 14:33

easyHotel Buys Madrid Freehold Site As Part Of European Expansion Plan

easyHotel Buys Madrid Freehold Site As Part Of European Expansion Plan

Read more
5 Feb 2020 14:28

easyHotel Sets Start Date For Incoming CEO Francois Bacchetta

easyHotel Sets Start Date For Incoming CEO Francois Bacchetta

Read more
24 Jan 2020 08:31

easyHotel Cuts Annual Dividend Amid Swing To Loss On Impairment

easyHotel Cuts Annual Dividend Amid Swing To Loss On Impairment

Read more
16 Jan 2020 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.