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easyHotel signs deal to expand Middle East footprint

Tue, 10th Nov 2015 10:38

(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 Oman.The new hotels are expected to be a mix of new purpose-built assets and conversions of existing buildings, with 600 rooms to open by 2017.MAN Investments are targeting to open at least another 1,600 rooms by the end of 2020. The first hotel will be a 300 room easyHotel built in the Bur Dubai area of Dubai, and the UK-based company will enter into franchise agreements for each new hotel.Chief executive Guy Parsons said MAN Investments has established a significant geographical foothold in the region."[It is] in a number of business areas, many of which are targeted towards value conscious consumers, which makes them a great cultural fit for easyHotel."With land prices currently at a premium, their capacity for speed and scale of development is impressive and a considerable competitive advantage."easyHotel already has one property in the UAE at Dubai's Jebel Ali Free Zone Authority.Shares in easyHotel jumped 2.2p (3.31%) to 68.7p by 1031 GMT.
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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

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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

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