30 Sep 2019 07:00
30 September 2019
easyHotel plc
easyHotel plc
("easyHotel", the "Group" or the "Company")
BOARD CHANGES
The Board of easyHotel plc announces that, as outlined in section two of the Offer Document posted to shareholders on the 19 August 2019, Non-executive Chairman Jonathan Lane OBE has confirmed his intention to step down from the Board and to leave the Company on 1 October 2019.
Following Jonathan's resignation, Non-Executive Director Scott Christie will assume the role of Interim Non-executive Chairman.
A search for a replacement Chairman has commenced and a further announcement will be made when appropriate.
Commenting, Guy Parsons, Chief Executive of easyHotel plc said:
"On behalf of both the Board and the Company, I would like to thank Jonathan for his longstanding commitment to the Group.
"He joined the business at the time of IPO in 2014 and has bought valuable industry expertise to easyHotel during an important period of growth. We wish him the very best for the future."
ENDS
Enquiries:
easyHotel plc |
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Guy Parsons, Chief Executive Officer | www.easyhotel.com |
Gary Burton, Chief Financial Officer | http://ir.easyhotel.com |
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Investec (Nominated Adviser and Broker) | +44 (0) 20 7597 5970 |
Chris Treneman / David Anderson
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Houston PR (Financial PR) | +44 (0) 20 3701 7660 |
Kate Hoare / Laura Stewart |
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Notes to Editors:
www.easyhotel.com http://ir.easyhotel.com
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.
Operating hotels
easyHotel has an estate of 39 hotels with 3,672 rooms, comprising 27 franchised hotels (2,332 rooms) and 12 owned hotels (1,340 rooms).
Owned hotels:
United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich and Milton Keynes.
Spain: Barcelona
Franchise locations:
United Kingdom: Edinburgh, London Heathrow, Central London, Luton, Reading and Belfast.
Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport, Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht,), Portugal (Lisbon), Switzerland (Basel, Zurich).
International: UAE (Dubai).
Hotel development pipeline
The Company's committed development pipeline of owned and franchised hotels currently consists of:
Owned hotels:
United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge* and Bristol#.
Europe: Ireland (Dublin#), France (Paris-Charles de Gaulle Airport, and Nice).
Franchise hotels:
Europe: Spain (Malaga), Switzerland (Zurich, Basel).
International: Iran, Sri Lanka, Turkey (Istanbul), UAE (Dubai).
*Hotels under an operating lease.
#Subject to planning permission.