5 May 2017 08:44
Elegant Hotels Group plc
Notice of Results
Elegant Hotels Group plc (LON: EHG), the owner and operator of six upscale freehold hotels and a beachfront restaurant on the island of Barbados, will be announcing its half year results for the six months ended 31 March 2017 on Wednesday 14 June 2017.
A presentation to analysts will take place at 9.00am at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS. Please contact Powerscourt for further details.
Zeus Capital | +44(0)203-829-5000 |
Dan Bate / Andrew Jones (NOMAD) | |
John Goold (Broker) | |
Powerscourt | +44(0)207-250-1446 |
Rob Greening / Lisa Kavanagh | eleganthotels@powerscourt-group.com |
NOTES TO EDITORS:
Elegant Hotels owns and operates six luxury hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio comprises 553 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Five of the six properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast". The properties are all freehold, with a total aggregate plot size of approximately 22 acres and an aggregate beachfront of 2,500 feet. In the year ended 30 September 2016, the Group achieved revenues of $57.0 million and EBITDA before non-recurring items of $19.6 million.
Together, the Group's six existing hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach and Waves Hotel & Spa - offer styles encompassing classic and contemporary, family-friendly and adults-only.
The Group's shares were admitted to trading on the London Stock Exchange's AIM in May 2015. Its objective now is to leverage its position as a leading hotel operator in Barbados and to expand both on Barbados and further into the Caribbean, as exemplified by its recent signing of a management contract with Hodges Bay Resort & Spa in Antigua.
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/