29 Jul 2016 07:00
29 July 2016
easyHotel plc
("easyHotel")
Completion of leasehold acquisition in Birmingham
easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, confirms that the acquisition of the 125-year leasehold of 81-91 John Bright Street in Birmingham has completed.
As previously announced, easyHotel was granted planning permission for an 84-room hotel in May 2016. The hotel is expected to open by March 2017.
Enquiries:
easyHotel plc | www.easyhotel.com |
Guy Parsons, Chief Executive Officer | |
Marc Vieilledent, Chief Financial Officer | http://ir.easyhotel.com |
Investec (Nominated Adviser and Broker) | +44 (0) 20 7597 4000 |
Chris Treneman | |
David Anderson | |
Hudson Sandler (Financial PR) | +44 (0) 20 7796 4133 |
Wendy Baker | |
Emily Dillon |
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. Website: www.easyHotel.com
Operating hotels
easyHotel's owned hotels currently comprise 390 rooms, and it has a further 17 franchised hotels with 1,405 rooms.
Owned hotels:
Old Street (London), Glasgow, Croydon.
Franchise locations:
Bulgaria (Sofia), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), UK (Edinburgh, London Heathrow, Central London, Luton).
Hotel development pipeline
The Company's development pipeline of owned and franchised hotels currently consists of:
Owned hotels:
Liverpool (UK), Manchester (UK), Birmingham (UK)
Subject to planning permission: Barcelona (Spain), Ipswich (UK)
Franchise hotels:
Amsterdam (The Netherlands), Brussels (Belgium), Dubai (UAE), Bernkastel-Kues (Germany), Lisbon (Portugal), Istanbul (Turkey)
Website: www.easyHotel.com
EZH.L (EZH)