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29 Jan 2015 07:00
29 January 2015
easyHotel plc
("easyHotel", the "Company" or the "Group")
Trading Update
easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels will provide the following trading update for the first four months of the financial year ending 30 September 2015 at its Annual General Meeting being held today.
Trading for the financial year to date is in line with management's expectations in both its owned and franchised hotels notwithstanding that December and January are traditionally quieter trading months for most of its hotels.
The Group's 103-bedroom owned hotel in Croydon which opened in November 2014 was profitable in its first full month of trading, demonstrating the robustness of the business model.
The Group's 132-bedroom franchised hotel located in the centre of Frankfurt opened in January 2015 and is seeing healthy demand in its first month.
The Group continues actively to pursue potential UK sites for future hotel opportunities.
Enquiries:
easyHotel plc | www.easyhotel.com |
Jan Astrand (Chairman) | |
Simon Champion (Chief Executive Officer) | |
Investec Bank plc (NOMAD and Broker) | +44 (0) 20 7597 4000 |
Chris Treneman |
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David Anderson |
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Hudson Sandler (Financial PR) | +44 (0) 20 7796 4133 |
Michael Sandler |
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Wendy Baker |
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Notes to Editors:
easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the "super budget" segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers. easyHotel currently has three owned hotels comprising 390 rooms, and a further 18 franchised hotels with approximately 1,450 rooms.
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