EZH Easyhotel Plc

TIDMEZH

RNS Number : 5881F

easyHotel PLC

29 July 2016

29 July 2016

easyHotel plc

("easyHotel")

Completion of leasehold acquisition in Birmingham

easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, confirms that the acquisition of the 125-year leasehold of 81-91 John Bright Street in Birmingham has completed.

As previously announced, easyHotel was granted planning permission for an 84-room hotel in May 2016. The hotel is expected to open by March 2017.

Enquiries:

 
 easyHotel plc                    www.easyhotel.com 
 Guy Parsons, Chief Executive 
  Officer 
 Marc Vieilledent, Chief          http://ir.easyhotel.com 
  Financial Officer 
 
 Investec (Nominated 
  Adviser and Broker)             +44 (0) 20 7597 4000 
 Chris Treneman 
 David Anderson 
 
 Hudson Sandler (Financial 
  PR)                             +44 (0) 20 7796 4133 
 Wendy Baker 
 Emily Dillon 
 

Notes to Editors:

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.   Website:  www.easyHotel.com 

Operating hotels

easyHotel's owned hotels currently comprise 390 rooms, and it has a further 17 franchised hotels with 1,405 rooms.

Owned hotels:

Old Street (London), Glasgow, Croydon.

Franchise locations:

Bulgaria (Sofia), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), UK (Edinburgh, London Heathrow, Central London, Luton).

Hotel development pipeline

The Company's development pipeline of owned and franchised hotels currently consists of:

Owned hotels:

Liverpool (UK), Manchester (UK), Birmingham (UK)

Subject to planning permission: Barcelona (Spain), Ipswich (UK)

Franchise hotels:

Amsterdam (The Netherlands), Brussels (Belgium), Dubai (UAE), Bernkastel-Kues (Germany), Lisbon (Portugal), Istanbul (Turkey)

Website: www.easyHotel.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 29, 2016 02:00 ET (06:00 GMT)

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