easyHotel, the owner, developer and operator of super budget branded hotels, today issues the following trading update for the current financial year to date in advance of its Annual General Meeting to be held later today. Trading Overview The strong trading experienced in the prior year across the Group’s owned and franchised hotel estates has continued, with the Group’s … [Read more...]
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2017 proves successful year for Northumberland hotel Slaley Hall
Country luxury Northumberland hotel Slaley Hall has rounded off the year with a string of successes including prestigious golf award wins, occupancy levels at a five year high and significant reduction in staff turnover. After bringing in new managers, the hotel has seen substantial growth in 2017 with occupancy rates peaking at almost 100% capacity throughout summer right … [Read more...]
easyHotel announces its final results for the financial year ended 30 September 2017
easyHotel plc (“easyHotel”) (“the Group”) the owner, developer and operator of super budget branded hotels, today announces its final results for the financial year ended 30 September 2017. Year ended 30th September 2017 2016 Total Systems Sales 29.67 21.32 +39.2% Revenue 8.42 6.02 +39.7% Adjusted EBITDA 2.30 1.55 +48.3% Profit before … [Read more...]
Hotel brings brand to Scotland with first hotel in Edinburgh
YOTEL today announced plans to open its first hotel in Scotland’s capital Edinburgh in Q1 of 2019. The city centre hotel will be located on the famous Queen Street in Edinburgh, at Erskine House. Situated in a remarkably central location and surrounded by a UNESCO World Heritage Site, the new hotel will boast easy access to top city attractions and have excellent transport … [Read more...]
Capital investment underlines apex hotels’ growth and confidence
Apex Hotels Limited has reported another consecutive year of strong growth, with a 6 per cent rise in turnover (from £61.3 to £65m) and 2.1 per cent rise in underlying profits before tax (up from £10.3m to £10.5m). The company showed its confidence in the market during the financial year with capital investment of £20.7m used to further develop its new hotel, Apex City of … [Read more...]