Elegant Hotels Group PLC Trading Update and Notice of Results (3781T)

TIDMEHG

RNS Number : 3781T

Elegant Hotels Group PLC

12 October 2017

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

12 October 2017

Elegant Hotels Group plc

Trading Update and Notice of Results

Elegant Hotels Group plc ("Elegant Hotels", the "Company" or the "Group"), the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, issues the following trading update in relation to the year ended 30 September 2017.

Trading since the interim results in June has remained in line with market expectations. Whilst the Group is only 12 days into its new financial year, it is pleased to report that bookings are currently tracking ahead of the same period last year.

The Group also confirms that Treasure Beach hotel is on track to reopen for business at the start of the peak tourist season. Treasure Beach is a 4-star, 35-room hotel in Barbados which the Group acquired in May 2017. The project of refurbishing, repositioning and ultimately repricing the property is progressing to plan.

The Company intends to announce its full year results for the year ended 30 September 2017 on Tuesday 9 January 2018.

For further information:

 
 Elegant Hotels Group plc 
  Sunil Chatrani, Chief Executive 
  Officer 
  Jeff Singleton, Chief Financial 
  Officer                                          [phone] 
 Zeus Capital Limited (NOMAD and 
  Joint Broker) 
  Dan Bate / Andrew Jones / John                   [phone] 
  Goold                                                       5000 
 Liberum Capital Limited (Joint 
  Broker) 
  Clayton Bush / Chris Clarke /                    [phone] 
  Dominik Götzenberger                                   2222 
 
   Powerscourt 
   Rob Greening / Lisa Kavanagh                    [phone] 
   Email: [e-mail]                 1446 
 
 

NOTES TO EDITORS:

Elegant Hotels owns and operates seven luxury hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio currently comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market.

Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the "Platinum Coast". The properties are all freehold, with a total aggregate plot size of approximately 23 acres and an aggregate beachfront of 2,600 feet. Together, the Group's seven existing hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach, Waves Hotel & Spa and Treasure Beach - offer styles encompassing classic and contemporary, family friendly and adults-only.

Investor website: http://www.eleganthotelsgroup.com/

Commercial website: http://www.eleganthotels.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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October 12, 2017 02:00 ET (06:00 GMT)