easyHotel PLC Two new franchise hotels in The Netherlands (6385W)

TIDMEZH

RNS Number : 6385W

easyHotel PLC

16 November 2017

easyHotel plc

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

Two new franchise hotels in The Netherlands

easyHotel, the owner, developer and operator of "super budget" branded hotels, is pleased to announce a further 162 rooms (two hotels) under development by its Benelux franchisee.

An 87-room easyHotel will open at The Hague Scheveningen Beach, one of Holland's most popular seaside resorts.

A 75-room easyHotel, will open in Maastricht City Centre, at Het Bat 10-12, Maastricht. A city of historical and political significance, Maastricht is a thriving cultural and regional hub attracting over 3,000,000 tourists each year.

Both hotels are scheduled to open in the second half of 2018 and will expand the Group's portfolio in the Netherlands to seven hotels.

Commenting, Guy Parsons, CEO of easyHotel plc, said:

"The Netherlands is our second biggest market after the UK and is home to a number of busy and popular tourist and business destinations. We are delighted to be extending our presence in a market in which we have seen consistent demand from travellers for affordable and comfortable accommodation."

Enquiries:

 
 easyHotel plc 
 Guy Parsons, Chief Executive    www.easyhotel.com 
  Officer 
 Marc Vieilledent, Chief         http://ir.easyhotel.com 
  Financial 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 six owned hotels currently comprise 598 rooms, and it has a further 20 franchised hotels with 1,750 rooms.

Owned hotels:

Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool.

Franchise locations:

Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), United Kingdom (Edinburgh, London Heathrow, Central London, Luton).

Hotel development pipeline

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

Owned hotels:

United Kingdom (Ipswich, Sheffield, Leeds), Spain (Barcelona) Subject to planning consent: United Kingdom (Cardiff, Newcastle* and Oxford*).

Franchise hotels:

UAE (Dubai), Germany (Bernkastel-Kues), Portugal (Lisbon), Turkey (Istanbul), UK (Belfast, Reading), Iran, Sri Lanka.

*Hotels being developed under an operating lease.

This information is provided by RNS

The company news service from the London Stock Exchange

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