At a glance

easyHotel has an estate of 39 hotels with 3,672 rooms, comprising 27 franchised hotels (2,332 rooms) and 12 owned hotels (1,340 rooms).

The Group’s growth strategy focuses on the continued development and rollout of owned hotels that the Board believes will offer sustained earnings per share-enhancing returns. Alongside growth of the owned hotel portfolio, our franchise network will continue to be expanded, which increases our network without direct capital investment from the Group.

Our successful share placing in March 2018 raised £50.0m (before expenses) of additional equity capital, ensuring that sufficient capital has been secured to finance further growth in the Group’s identified hotel pipeline in line with the Board’s strategy.

The operational foundations necessary to achieve the Group’s exciting ambitions are now firmly in place. Moreover, the Board is confident that these plans will be delivered in a manner that is consistent with the values that distinguish the easyHotel brand from other providers in the sector – we make things simple; we are always the best value for money; we do what we say; and we care for you.

Information correct as of 6 December 2018

* Adjusted EBITDA is a non-statutory measure that represents earnings before interest, taxation, depreciation and amortisation adjusted for pre-opening costs related to the development of hotels, organisational restructuring costs, share based payments and other non-recurring items.

** Impact of enlarged share base, from placing of 45m ordinary shares in March 2018.