INTOSOL Holdings plc New Boutique Hotel in Cape Town Strengthens Portfolio

 
TIDMINTO 
 
INTOSOL Holdings Plc / Ticker: INTO / Index: LSE / Sector: Travel & Leisure 
 
28 December 2018 
 
               INTOSOL Holdings Plc ('INTOSOL' or the 'Company') 
 
             New Boutique Hotel in Cape Town Strengthens Portfolio 
 
INTOSOL Holdings Plc, the award-winning international luxury travel company, is 
delighted to announce that it has added a sixth property to its portfolio of 
owned and managed boutique hotels, the SOUL on Llandudno located in Cape Town, 
in line with its strategy of increasing revenues and margins. 
 
Highlights 
 
  * Excellent progress strengthening boutique hotel portfolio 
  * Agreement to manage luxury Cape Town hotel, SOUL on Llandudno 
  * Building +15,000-strong client base and strengthening sales team 
  * Pipeline of new travel experiences planned for 2019 
  * Continued strong market dynamics within high-end tourism sector 
 
INTOSOL Executive Chairman, Rainer Spekowius, said: "Since listing in London in 
October, we have made excellent progress developing our portfolio, building our 
client base and strengthening our team.  SOUL on Llandudno is an excellent 
addition to our SOUL Private Collection and I am confident that given its 
premier location, boutique interiors, high-end service and stunning views, it 
will emulate the success of our highly cash-generative flagship property, 
Oceans Wilderness, and provide further proof of our business concept.  This 
agreement follows the acquisition of a site for the development of the Leadwood 
Safari lodge. 
 
"Whilst INTOSOL expands both in our home market and into new markets, our focus 
remains the same - to provide clients with a dedicated service, designing 
bespoke, one-off travel experiences.  In line with this, we are bolstering our 
team of private travel designers to support our growing client base currently 
standing at over 15,000.  Our growth strategy is underpinned by strong market 
fundamentals for high-end tourism and we are encouraged to note the proposed 
$3.2billion acquisition of hotel group Belmond by LVMH, the world's largest 
luxury group by revenues, which highlights the potential of this market. 
 
"I'd like to take this opportunity to thank staff and shareholders for their 
continued support during the year and I look forward to updating the market on 
several exciting new travel experiences that are in the pipeline for 2019." 
 
Development of the SOUL Private Collection 
 
In line with its strategy focused on building its portfolio of owned and 
managed boutique hotels, the SOUL Private Collection 
www.soulprivatecollection.com, the Company has signed a two year contract to 
manage a luxury hotel based in Cape Town, SOUL on Llandudno, 
www.soulonllandudno.co.za. 
 
SOUL on Llandudno has six spacious suites, all with impressive ocean views, and 
is situated high above Llandudno Beach, considered one of Cape Town's best 
beaches and top surfing spots. It is perfectly located for exploring Cape 
Town's attractions being close to Camps Bay, Table Mountain and the Waterfront. 
 Guests receive high-end service in line with the SOUL Private Collection 
ethos, with up to three members of staff for every guest. 
 
Under the terms of the two-year management contract, INTOSOL will earn 35% 
commission on revenue generated, with the seller maintaining any profit. 
 Furthermore, INTOSOL has an option to buy SOUL on Llandudno for ZAR 28 
million, with any profits paid to the seller deducted from the purchase price. 
  Follow this link to view the Property's marketing video: https://bit.ly/ 
2zSeDOP. 
 
This is the sixth property within INTOSOL's portfolio, which continues to 
generate robust revenues and margins.  As reported 14 November 2018, its 
flagship property, Oceans Wilderness, generated revenue of ZAR 5,297,624 on an 
83.7% gross margin and 42.6% pre-tax profit margin, significantly ahead of 
internal expectations.  This is in line with the steady growth trend within the 
high-end tourism sector and underpins the Company's business model of providing 
travel design to its growing client base, which currently stands at +15,000. 
 
                                   **ENDS** 
 
For further information on INTOSOL visit the Company's website 
www.intosolholdingsplc.com or contact: 
 
Rainer Spekowius            INTOSOL Holdings Plc        Tel: [phone] 
Executive Chairman                                      1177 
 
Charles Goodfellow / Martin Peterhouse Corporate        Tel: [phone] 
Lampshire                   Finance                     9791 
(Corporate Broker) 
 
Juliet Earl / Gaby Jenner   St Brides Partners Ltd      Tel: [phone] 
(Financial PR)                                          1177 
 
Notes 
 
INTOSOL Holdings PLC is a London listed international luxury travel company 
that merges private travel design with hotel management and property ownership 
to provide bespoke, high-end global travel experiences across the world.  Its 
profitable private design business which blends personal contact with 
proprietary technology, VIRTOSOL, already services a growing client base of 
over 15,000 and the Company is focussed on further expansion into 
English-speaking markets.  To increase margin and asset backing, it is building 
its SOUL Private Collection of leased and owned boutique properties.  In line 
with this, it is in the process of purchasing and developing a number of sites 
in South Africa including Oceans Wilderness, a luxury nine-bedroom boutique 
hotel in the Garden Route and a commercial safari lodge in the renowned 
Leadwood Big Game Estate, one of the premier places to see the Big 5. 
 
The luxury travel market continues to grow and tends to be immune to economic 
fluctuations, with high-end customers favouring bespoke and exclusive 
experiences regardless of the greater economic climate.  INTOSOL is ideally 
positioned to capitalise on this trend and execute its growth strategy to 
become a leading bespoke travel company with an international client base, a 
global experience portfolio and a range of high-end properties across the world 
providing high margin revenue and asset backing. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 28, 2018 02:00 ET (07:00 GMT)