easyHotel PLC Board Changes (0311O)

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RNS Number : 0311O

easyHotel PLC

30 September 2019

30 September 2019

easyHotel plc

easyHotel plc

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

BOARD CHANGES

The Board of easyHotel plc announces that, as outlined in section two of the Offer Document posted to shareholders on the 19 August 2019, Non-executive Chairman Jonathan Lane OBE has confirmed his intention to step down from the Board and to leave the Company on 1 October 2019.

Following Jonathan's resignation, Non-Executive Director Scott Christie will assume the role of Interim Non-executive Chairman.

A search for a replacement Chairman has commenced and a further announcement will be made when appropriate.

Commenting, Guy Parsons, Chief Executive of easyHotel plc said:

"On behalf of both the Board and the Company, I would like to thank Jonathan for his longstanding commitment to the Group.

"He joined the business at the time of IPO in 2014 and has bought valuable industry expertise to easyHotel during an important period of growth. We wish him the very best for the future."

ENDS

Enquiries:

 
 easyHotel plc 
 Guy Parsons, Chief Executive       www.easyhotel.com 
  Officer 
 Gary Burton, Chief Financial       http://ir.easyhotel.com 
  Officer 
 
 Investec (Nominated Adviser 
  and Broker)                       [phone] 
 Chris Treneman / David Anderson 
 Houston PR (Financial PR)          [phone] 
 Kate Hoare / Laura Stewart 
 

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

Owned hotels:

United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich and Milton Keynes.

Spain: Barcelona

Franchise locations:

United Kingdom: Edinburgh, London Heathrow, Central London, Luton, Reading and Belfast.

Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport, Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht,), Portugal (Lisbon), Switzerland (Basel, Zurich).

International: UAE (Dubai).

Hotel development pipeline

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

Owned hotels:

United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge* and Bristol(#) .

Europe: Ireland (Dublin(#) ), France (Paris-Charles de Gaulle Airport, and Nice).

Franchise hotels:

Europe: Spain (Malaga), Switzerland (Zurich, Basel).

International: Iran, Sri Lanka, Turkey (Istanbul), UAE (Dubai).

*Hotels under an operating lease.

(#) Subject to planning permission.

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END

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(END) Dow Jones Newswires

September 30, 2019 02:03 ET (06:03 GMT)