TIDMEZH
RNS Number : 7478K
easyHotel PLC
18 December 2018
18 December 2018
easyHotel plc
easyHotel plc
("easyHotel", the "Group" or the "Company")
European Development Update
Conditional agreement for a 209-room hotel close to
Paris-Charles de Gaulle Airport, France
easyHotel plc, the owner, developer and operator of "super
budget" branded hotels, announces that a planning application has
been submitted for the development of a 209-room easyHotel, close
to Paris-Charles de Gaulle Airport, France. The Group has signed an
exclusive letter of intent with Groupe ADP (owner and operator of
the three main airports in the Paris region and operator of a
network of 26 airports worldwide) for an operating lease agreement
for the hotel. The final agreement is subject to planning
permission being granted and full legal documentation being
agreed.
The new-build hotel, to be developed by Linkcity, is anticipated
to open in the 2020/21 financial year. The site is within the
Charles De Gaulle Airport perimeter, the second largest airport in
Europe with around 70 million passengers a year. It is also a short
distance from the Aeroville shopping centre which includes over 200
shops, 30 restaurants and a 12-screen cinema complex as well as
Paris Nord Villepinte, the largest convention centre in France.
Further details will be announced on receipt of planning
permission and exchange of contracts, which are anticipated in
2019.
Commenting, Guy Parsons, Chief Executive of easyHotel plc
said:
"I am delighted by the progress we have made to develop our
first site in France. Paris is one of the most popular tourist
destinations in the world, attracting circa 33.8 million foreign
visitors a year, and the hotel will be a valuable addition to our
portfolio.
"Following the recent opening of our 204-room hotel in Barcelona
this project is early testament to our growing ambitions for the
brand in Continental Europe. We see a number of attractive
opportunities, particularly in France, Germany and Spain where the
Board believes there is potential for the brand to target 10 to 15
cities in each of these countries and we look forward to announcing
further opportunities in due course."
Enquiries:
easyHotel plc
Guy Parsons, Chief Executive www.easyhotel.com
Officer
Gary Burton, Chief Financial http://ir.easyhotel.com
Officer
Investec (Nominated Adviser
and Broker) +44 (0) 20 7597 5970
David Anderson
Houston PR (Financial PR) +44 (0) 20 3701 7660
Kate Hoare
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 ten owned hotels currently comprise 1,130 rooms, and
it has a further 24 franchised hotels with 2,039 rooms.
Owned hotels:
United Kingdom: Old Street (London), Glasgow, Croydon,
Birmingham, Manchester, Liverpool, Newcastle*, Leeds,
Sheffield.
Spain: Barcelona.
Franchise locations:
United Kingdom: Edinburgh, London Heathrow, Central London,
Luton, Reading and Belfast.
Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin,
Frankfurt), 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: Ipswich, Milton Keynes, Chester, Cardiff,
Oxford*. Subject to planning consent: Cambridge*, Blackpool,
Bristol.
Europe: Ireland (Dublin), France (Paris-Charles de Gaulle
Airport*).
Franchise hotels:
Europe: Germany (Bernkastel-Kues), 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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END
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