RNS Number : 4803B
  The Real Hotel Company PLC
  15 August 2008
   


    The Real Hotel Company plc

    ('the Company')

    Result of AGM

    Branded hotel operator, The Real Hotel Company plc (LSE: RHC), today held its Annual General Meeting at New Connaught Rooms in London,
which are part of the group's operations.

    The Company confirms that all the resolutions placed before the meeting were passed. 

    Speaking at the AGM, Chief Executive Michael Prager commented: 

    "We have achieved a number of important milestones in the transformation of the company over the past year. The launch of Purple Hotels
and an exit from the loss-making UK Master Franchise Agreement being two.

    We reported a positive first quarter in our Interim Management Statement. The second quarter of the year saw more difficult market
conditions which we believe to apply throughout the remainder of 2008. 

    The deal we reached with Whitbread plc to sell three hotels for �18.6m underlines the value inherent in our business. In a clearly
difficult trading environment we will look for further creative disposals and stronger performance particularly from the Purple brand."


    For further information, please contact:

    RHC plc 020 8233 2001
    Michael Prager, Chief Executive
    Paul Mitchell, Chief Financial Officer

    Adhoc PR    020 7483 0030
    Deborah Parritt









    Notes to Editors:

    The Real Hotel Company plc (RHC)

    The Real Hotel Company is more than just a name. It is a statement of the Company's core values. To deliver the rich traditions of hotel
keeping to a 21st century market in a low cost environment. In short to be real hoteliers.

    The Company is an owner, operator and developer of branded hotels in the UK and Europe and operates 58 owned, leased or managed hotels
in the UK, France, Germany and Belgium. It also operates the New Connaught Rooms conference and banqueting suite situated in London's Covent
Garden.

    The Company owns the Purple Hotels* limited service brand - 'a real hotel for the price of an inn' which differentiates itself by adding
a touch of style and cool to a sector that has, so far, defined itself only by price.

    It also operates hotels under the franchise Choice brands of Quality, Comfort and Clarion as well as six Stop Inn hotels.

    The RHC management team has considerable experience in the hotel sector. Michael Prager was Managing Director of Utell International and
held senior positions in Intercontinental and Radisson Hotel groups. Paul Mitchell was formerly Vice President of Financial Planning and
Control for Europe, Middle East and Africa at Intercontinental Hotel Group in addition to holding senior finance positions in Granada, Forte
and Allied Lyons.

    
 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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