Design hotel group Motel One continues to report positive figures with 66 hotels and 18,438 rooms currently in operation, further cementing its position in the European hospitality market.
Key highlights for Q3:
Motel One Glasgow opens: Q3 saw Motel One open its third hotel in Scotland. At 374-rooms, it is Scotland’s largest hotel and received investment of around EUR 42 million by Motel One Real Estate GmbH. Situated next to Glasgow’s central station, the hotel’s design reflects the romance of travel by train, featuring a photography series by artists Matthew Dalziel and Louise Scullion.
Occupancy rises to 80%: average occupancy for Q3 was 80.3%, slightly above the previous year’s level (79.4%).
Sales growth: the brand saw sales rise by 19% to EUR 131 million (previous year: EUR 110 million) and EBITDA rose by 25% to EUR 47 million (previous year: EUR 37 million).
Expanding international portfolio: outside of Germany, Motel One now has 21 hotels with 6,068 rooms in operation (previous year: 17 hotels with 5,005 rooms), which makes up a third of the total number of hotels in operation
The development pipeline consists of 28 hotels with 9,322 rooms (previous year 30 hotels with 9,527 rooms), a testament to the group’s steadily growing portfolio. The fourth quarter of 2018 will see new openings in Munich, Cologne, Frankfurt, Bonn and Leipzig.