26 Jan 2017 09:24
26 January 2017
Elegant Hotels Group plc
("Elegant Hotels" or the "Company")
Posting of Report and Accounts and Notice of Annual General Meeting
The Board of Elegant Hotels, the owner and operator of six upscale freehold hotels and a beachfront restaurant on the island of Barbados, announces that copies of its Annual Report and Financial Statements for the period ending 30 September 2016, together with the Notice of Annual General Meeting and Form of Proxy, were posted to shareholders yesterday, 25 January 2017.
Electronic copies of the Annual Report and Financial Statements, the Notice of Annual General Meeting and Form of Proxy are available to view on the Company's website, www.eleganthotelsgroup.com.
The Annual General Meeting will be held at the offices of Macfarlanes LLP at 20 Cursitor Street, London, EC4A 1LT on Tuesday 28 February 2017 at 9:00 a.m.
For further information:
Elegant Hotels Group plc Sunil Chatrani, Chief Executive Officer
| +1 246 432 6500 |
Zeus Capital Limited Dan Bate / Andrew Jones (NOMAD) John Goold (Broker)
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+44 (0) 161 831 1512 +44 (0) 203 829 5000 |
Powerscourt Rob Greening / Lisa Kavanagh Email: eleganthotels@powerscourt-group.com
| +44 (0) 207 250 1446
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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