LONDON, May 23 (Reuters) - Discount hotel chain easyHotel isto seek a share listing in London, in an offer which a sourcefamiliar with the situation said could value the firm at 100million pounds ($168 million).
The "super budget" hotel chain, set up by low-cost Europeanairline easyJet's founder Stelios Haji-Ioannu, said onFriday that it would seek to raise 60 million pounds on theLondon Stock Exhange's junior AIM market.
The firm said it is looking to raise capital to fund its further expansion across major European cities. Its websitecurrently shows 18 easyHotels in Europe, plus two more in Dubaiand Johannesburg, with beds in central London offered for lessthan 35 pounds a night. Investec is leading the share offer. ($1=0.5931 British pounds) (Reporting By Freya Berry; Editing by Jane Barrett, GregMahlich)
easyJet (EZJ)