Elegant Hotels Group PLC Trading Update and Notice of Results (3781T)
October 12 2017 - 1:00AM
UK Regulatory
TIDMEHG
RNS Number : 3781T
Elegant Hotels Group PLC
12 October 2017
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
12 October 2017
Elegant Hotels Group plc
Trading Update and Notice of Results
Elegant Hotels Group plc ("Elegant Hotels", the "Company" or the
"Group"), the owner and operator of seven upscale freehold hotels
and a beachfront restaurant on the island of Barbados, issues the
following trading update in relation to the year ended 30 September
2017.
Trading since the interim results in June has remained in line
with market expectations. Whilst the Group is only 12 days into its
new financial year, it is pleased to report that bookings are
currently tracking ahead of the same period last year.
The Group also confirms that Treasure Beach hotel is on track to
reopen for business at the start of the peak tourist season.
Treasure Beach is a 4-star, 35-room hotel in Barbados which the
Group acquired in May 2017. The project of refurbishing,
repositioning and ultimately repricing the property is progressing
to plan.
The Company intends to announce its full year results for the
year ended 30 September 2017 on Tuesday 9 January 2018.
For further information:
Elegant Hotels Group plc
Sunil Chatrani, Chief Executive
Officer
Jeff Singleton, Chief Financial
Officer +1 246 432 6414
Zeus Capital Limited (NOMAD and
Joint Broker)
Dan Bate / Andrew Jones / John +44 (0) 203 829
Goold 5000
Liberum Capital Limited (Joint
Broker)
Clayton Bush / Chris Clarke / +44 (0) 203 100
Dominik Götzenberger 2222
Powerscourt
Rob Greening / Lisa Kavanagh +44 (0) 207 250
Email: eleganthotels@powerscourt-group.com 1446
NOTES TO EDITORS:
Elegant Hotels owns and operates seven luxury hotels and a
beachfront restaurant, Daphne's, on the island of Barbados. The
Group's portfolio currently comprises 588 rooms, making it twice as
large (by room number) as the closest competitor in the Barbados
luxury hotel room market.
Six of the seven properties are situated along the prestigious
west coast of Barbados commonly known as the "Platinum Coast". The
properties are all freehold, with a total aggregate plot size of
approximately 23 acres and an aggregate beachfront of 2,600 feet.
Together, the Group's seven existing hotels - Colony Club,
Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel &
Spa and Treasure Beach - offer styles encompassing classic and
contemporary, family friendly and adults-only.
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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