Completion of freehold acquisition in Ipswich

27 September 2016

easyHotel plc

("easyHotel")

Completion of freehold acquisition in Ipswich

easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, confirms that the acquisition of the freehold of 3-5 Northgate Street in Ipswich has completed.

As previously announced, easyHotel was granted planning permission for a 94-room hotel in August 2016. The hotel is expected to open by July 2017.

Enquiries:

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), United Kingdom (Edinburgh, London Heathrow, Central London, Luton).

Hotel development pipeline

The Company's development pipeline of owned and franchised hotels currently consists of:

Owned hotels:

United Kingdom (Liverpool, Manchester, Birmingham, Ipswich)

Subject to planning permission: Spain (Barcelona)

Franchise hotels:

The Netherlands (Amsterdam Arena Boulevard, Amsterdam-Zaandam), Belgium (Brussels), UAE (Dubai), Germany (Bernkastel-Kues), Portugal (Lisbon), Turkey (Istanbul)

Website: www.easyHotel.com

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