EasyHotel buys long leasehold site in Sheffield city centre
20th Dec 2016 11:48
(ShareCast News) - EasyHotel has conditionally acquired the 999-year leasehold of part of the building at 57-65 High Street in the heart of Sheffield's city centre for the development of a new hotel, subject to planning permission. The building, previously occupied by Primark, is to be developed int
Read moreEasyHotel profit and revenue rise in full year
29th Nov 2016 09:22
(ShareCast News) - EasyHotel posted a jump in full-year profit and revenue for the year to the end of September, as it accelerates its development pipeline, with 1,527 rooms now in development. Pre-tax profit rose 38.4% to £1.09m on total revenue of £6.02m, up 8.7% from the year before. Total syste
Read moreeasyHotel completes purchase of land for Barcelona hotel
14th Nov 2016 08:07
(ShareCast News) - AIM-listed budget hotel owner easyHotel said it had completed the acquisition of land for its new site in Barcelona. In a statement, the company said the 204 room hotel would be located on Gran Via, the main avenue of L'Hospitalet de Llobregat. Planning permission has been grante
Read moreEasyHotel gets planning permission for Barcelona hotel
4th Oct 2016 09:52
(ShareCast News) - EasyHotel has been granted planning permission for a 204-room hotel on Gran Via in Barcelona. The group said acquisition of the land for the new-build hotel is expected to complete in the coming weeks and the hotel is due to open in early 2018. Last week, EasyHotel said it had ra
Read moreEasyHotel announces placing to fund roll-out strategy
28th Sep 2016 10:17
(ShareCast News) - EasyHotel has announced plans to place up to 38m new ordinary shares at 100p per share to fund its owned hotel roll-out strategy. The placing represents about 60.8% of the ordinary shares in issue and the price is a premium of approximately 18.3% to the closing mid-market price on
Read moreEasyHotel announces third franchise hotel in Amsterdam
16th Aug 2016 12:32
(ShareCast News) - EasyHotel announced on Tuesday that it has a further 96 rooms under development by its Benelux franchisee. The EasyHotel Amsterdam-Zaandam will be located on the ninth to eleventh floors of the Saentower in the heart of Zaandam, with construction expected to begin shortly and the
Read moreeasyHotel adds 300 rooms in Turkey despite low tourist demand
27th Jul 2016 15:55
(ShareCast News) - Budget hotelier easyHotel added a further 300 rooms in its Turkey development despite low tourist demand, while also expanding in Portugal. EasyHotel signed a master development agreement with Kolay, a wholly owned subsidiary of construction and tourism company TOYA, to develop
Read moreeasyHotel sells space in Liverpool building for £0.6m
5th Jul 2016 08:06
(ShareCast News) - Budget chain easyHotel said it had sold part of a building in Liverpool under a 125-year leasehold agreement for £0.6m. The space, which is currently a restaurant operated by a third party, comprises the ground floor of the building and portions of the basement used by the restaur
Read moreEasyHotel buys Birminghan city centre property
21st Jan 2016 14:21
(ShareCast News) - Budget hotel operator easyHotel said it was trading in line with expectations in both its owned and franchised hotels, as it announced the acquisition of a new property in Birmingham. The group has conditionally bought the 125 year leasehold of 81-91 John Bright Street in Birmingh
Read moreTransition, expansion pays off for easyHotel
9th Dec 2015 09:30
(ShareCast News) - Stelios' charge into the hotel sector paid off for another year on Wednesday, with easyHotel reporting a healthy boost to its earnings. The AIM-listed budget accommodation chain, known for its garish orange locations, saw total system sales increase by 15% in the year to 30 Septem
Read moreeasyHotel signs deal to expand Middle East footprint
10th Nov 2015 10:38
(ShareCast News) - Budget hotel operator easyHotel has signed a master development partnership with MAN Investments to develop its brand in the Middle East. The AIM-listed company announced the deal on Tuesday, and said MAN Investments will focus its new developments in the United Arab Emirates and
Read moreeasyHotel franchisee gains funding for first Belgium hotel
23rd Oct 2015 10:18
(ShareCast News) - easyHotel's Benelux franchisee has secured financing for the proposed 107 room easyHotel Brussels project. The AIM listed budget hotel company announced the news on Friday. As a result of the funding, easyHotel has received repayment of its €3.3m security deposit and has been ent
Read moreEasyHotel annual revenue up year-on-year
7th Oct 2015 08:40
(ShareCast News) - Budget hotel operator easyHotel has revealed revenue for the year is "materially ahead" of the previous year. The AIM company released a trading update on Wednesday for the year to 30 September. It said revenue is up for the year after contributions from its Glasgow operation, mo
Read moreeasyHotel appoints new CEO
31st Jul 2015 10:38
(ShareCast News) - Hotel owner and operator easyHotel has appointed Guy Parsons as its new chief executive, the company said on Friday. Parsons, who has over 25 years of experience in the industry and is the current chief of Travelodge, a company he joined in 2004, will replace outgoing CEO Simon Ch
Read moreEasyhotel acquires building in Manchester for £6m
5th Jun 2015 15:43
Budget hotels operator Easyhotel has acquired a new building in Manchester for £6m. The purchase of the building, built in the 1800s and known as "The Flatiron" because of its shape, is conditional to Easyhotel obtaining planning permission to build a hotel. Easyhotel plans to build a 114-bedroom h
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