29th Jan 2015 09:53
LONDON (Alliance News) - Budget hotels operator easyHotel PLC on Thursday said trading in its financial year so far is in line with expectations.
The company said its owned and franchised hotels both performed in line in the first four months of its financial year, starting October 1, though it noted December and January are traditionally slower trading months for the majority of it hotels.
The group said its owned hotel in Croydon in south east London, which opened in November, was profitable in its first full month of trading and said its franchised hotel in Frankfurt, opened this month, is seeing strong demand thus far.
It added it continues to pursue potential UK site acquisition opportunities.
easyHotel shares were up 1.7% to 98.654 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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