Directorate Change

21 November 2019

easyHotel plc

easyHotel plc

("easyHotel", the "Group" or the "Company")

Board Changes

The Board of easyHotel plc, the owner, developer and operator of "super budget" hotels, announces that Guy Parsons has decided to step down from his role as Chief Executive and will leave the Company on 21 November 2019. Guy has led the Company since 2015, during which time he has overseen the doubling of the hotel estate to some 40 hotels in the network with 3,759 rooms.

Scott Christie, currently Non-executive Interim Chairman, will from today become Interim Chief Executive Officer until such time as a new Chief Executive is appointed. The search for a new Chief Executive has commenced and a further announcement will be made as appropriate.

Harm Meijer, currently a Non-executive Director, is from today appointed to the role of Non-executive Chairman.

The Board also announces the appointments of Michael Neuman and Charles Persello to the Board as Non-executive Directors with immediate effect.

Michael, a qualified Member of the Royal Institute of Charted Surveyors, joined Ivanhoé Cambridge in 2014 as a director of investments, Europe and currently serves as vice president, investments, Europe. Prior to his current role, Michael had worked as a senior investment and asset manager for Unibail Rodamco since 2009.

Charles, a Director at ICAMAP Advisory, has over eight years' commercial real estate experience previously working at Unibail-Rodamco between 2011-17 both in retail development in France and subsequently in asset management in Germany.

Commenting, Harm Meijer, Non-executive Chairman of easyHotel plc said:

"On behalf of the board and all of the company's stakeholders I would like to thank Guy for his significant contribution and the key role he has played building the brand, the hotel portfolio and guests' experience. Guy leaves the company with our best wishes and I personally wish him every success for the future."

"I would also like to welcome to the Board both Michael and Charles. I believe their wealth of European property and financial experience will benefit the Company as easyHotel continues its journey to fulfil its potential as a leading European budget hotel company."

Michael Neuman (aged 35 years) currently holds or has held the following directorships or partnerships in the past five years:

Charles Henri Persello (aged 32 years) currently holds or has held the following directorships or partnerships in the past five years:

There are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

ENDS

Enquiries:

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 40 hotels with 3,759 rooms, comprising 27 franchised hotels (2,332 rooms) and 13 owned hotels (1,427 rooms).

Owned hotels:

United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich, Milton Keynes.

Spain: Barcelona

France: Nice

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).

Franchise hotels:

Europe: Spain (Malaga), Switzerland (Zurich, Basel).

*Hotels under an operating lease.

#Subject to planning permission.