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date: 22 July 2018

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easyHotel AGM update

easyHotel AGM update

easyHotel, the owner, developer, operator and Stat-counters.net

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franchisor of "super budget" branded hotels, announces a trading update for the financial year to date in advance of its Annual General Meeting to be held today.

Since the start of the current financial year the Group has continued to make good progress and trading for the year ending 30 September 2017 is in line with the Board's expectations in both its owned and franchised hotels. Furthermore, the Group remains on track to deliver its development strategy announced in September 2016.

Disposal of asset in Ipswich
The Group announces an agreement to dispose of the A3 space at 3-5 Northgate Street in Ipswich under a 999-year leasehold agreement for a consideration of £0.14 million. 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 2016 for £0.8 million.

To view the full story, please click HERE .

Media Coverage

24/01/2017 - The Times
24/01/2017 - The Sun

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