6 Apr 2018 07:00
Elegant Hotels Group plc
Notice of Results
Elegant Hotels Group plc (LON: EHG), the owner and operator of seven 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 2018 on Tuesday 15 May 2018.
A presentation to analysts will take place at 9.00am at etc. venues, 51-53 Hatton Garden, Clerkenwell, London, EC1N 8HN. Please contact Powerscourt for further details.
Zeus Capital | +44(0)203-829-5000 |
Dan Bate / Andrew Jones (NOMAD) | |
John Goold (Broker)
Liberum Capital Limited (Joint Broker) Clayton Bush / Chris Clarke / William Hall |
+44 (0) 203 100 2222 |
Powerscourt | +44(0)207-250-1446 |
Rob Greening / Lisa Kavanagh | eleganthotels@powerscourt-group.com |
NOTES TO EDITORS:
Elegant Hotels owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio currently comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Six of the seven 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 23 acres and an aggregate beachfront of 2,600 feet.
In the year ended 30 September 2017, the Group achieved revenue of $59.9 million and EBITDA before non-recurring items of $18.1 million.
Together, the Group's seven existing hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel & Spa and Treasure Beach - offer styles encompassing classic and contemporary, family-friendly and adults-only. The Group also has a management contract for Hodges Bay Resort in Antigua and a sales and marketing contract for The Landings Resort & Spa in St. Lucia.
The Group's strategy is to leverage its position as a leading hotel operator in Barbados and to expand both on Barbados as well as further into the Caribbean.
Investor website: http://www.eleganthotelsgroup.com/
Consumer website: http://www.eleganthotels.com/