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easyHotel PLC   -  EZH   

Blackpool Acquisition Update

Released 07:00 22-May-2019

RNS Number : 7695Z
easyHotel PLC
22 May 2019
 

22 May 2019

 

easyHotel plc

easyHotel plc

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

 

Blackpool Acquisition Update

Following the announcement of 24th September 2018, easyHotel plc, the owner, developer and operator of "super budget" branded hotels, is pleased to confirm that it has now completed the acquisition of its new site in Blackpool.

 

Planning permission for the 104 - room purpose-built hotel has recently been granted and works are due to commence over the summer. Alongside the hotel the site will include A3 space for restaurants or cafes on the ground floor, which is expected to be let or sold once the development has been completed. The hotel is expected to open in the second half of 2020.

 

Located on the city's iconic Promenade, the hotel will be ideally situated less than 500 metres from Blackpool South Station in the heart of the premier seaside resort in the North of England, which attracts more than 10 million visitors every year.

 

 

Enquiries:

 

easyHotel plc

 

Guy Parsons, Chief Executive Officer

www.easyhotel.com

Gary Burton, Chief Financial Officer

http://ir.easyhotel.com

 

 

Investec (Nominated Adviser and Broker)

+44 (0) 20 7597 5970

David Anderson

 

 

Houston PR (Financial PR)

+44 (0) 20 3701 7660

Kate Hoare / Laura Stewart

 

 

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's eleven owned hotels currently comprise 1,216 rooms, and it has a further 25 franchised hotels with 2,139 rooms.

Owned hotels:

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

Spain: Barcelona

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, 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: Milton Keynes, Chester, Cardiff, Oxford*, Blackpool. Subject to planning consent: Cambridge* and Bristol.

Europe: Subject to planning consent: Ireland (Dublin), France (Paris-Charles de Gaulle Airport*).

 

Franchise hotels:

Europe: Spain (Malaga), Switzerland (Zurich, Basel), Netherlands (Amsterdam Schiphol Airport).

International: Iran, Sri Lanka, Turkey (Istanbul), UAE (Dubai).

*Hotels under an operating lease.

 

 


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Blackpool Acquisition Update - RNS