News Home Page - Propel Info. Easyhotel, the owner, developer, operator and franchisor of . Furthermore, the company remains on track to deliver its development strategy announced in September 2. The company has announced an agreement to dispose of the A3 space at 3- 5 Northgate Street in Ipswich under a 9. The space, which is vacant, comprises a part of the ground floor (kiosk) of the building which will be converted into a coffee shop. Easyhotel acquired the freehold of the building in January 2. New hotel projects are under construction in Birmingham (8.
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Liverpool (7. 9- rooms), Manchester (1. Ipswich (9. 4 rooms) are progressing well.
Easyhotel Birmingham will open later this week, Liverpool and Manchester in March 2. Ipswich during Summer 2.
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In Spain, planning permission was granted for the 2. Easyhotel Barcelona hotel located on Gran Via, on the main avenue of L. Acquisition of the land was completed in November 2. This 1. 5- year bank facility due 2.
Euribor +2. 2. 5%. The hotel is expected to open in 2. In the United Kingdom, the development pipeline has been extended with long leasehold properties conditionally acquired in Sheffield and Leeds in December 2. The purchase of both properties is subject to obtaining planning permission and the hotels are expected to open in 2. During the period two franchise hotels were opened, adding a further 2.
Easyhotel network. Easyhotel Brussels opened in October 2. Easyhotel Amsterdam Arena Boulevard in November 2. Both hotels have traded very strongly since opening. In addition, two further franchise hotel projects have been announced during the period. A 5. 4- room hotel in Reading was announced in November 2. Belfast, the first in Northern Ireland, was announced in January 2.
Both hotels are expected to open in the next financial year. As part of the ongoing professionalisation of the business and as previously announced, the group is investing in a new hotel management system.
This fully integrated and automated system, provided by Hetras, will improve efficiency and enable the group to further leverage its revenue management and dynamic pricing strategy, to maximise income. The system will be rolled out to all owned and franchise hotels in the coming months. Chief executive Guy Parsons said: . Our owned hotels have continued to outperform the general market and their individual competitive set, as measured by STR Global. A similar market improvement has been experienced across much of continental Europe and our franchise hotels are performing in line with their respective markets. We remain on track to open eight new hotels, four owned and four franchised, in the current financial year and continue to make good progress in adding new projects to our development pipeline.
Trading is in line with our expectations and we remain focused on implementation of our strategy as we continue to extend our footprint and establish Easyhotel as the leading super budget hotel chain.