9th Aug 2018 11:26
LONDON (Alliance News) - Budget hotel developer easyHotel PLC said Thursday it has been given planning permission to build a 120-bedroom hotel at its freehold site in Cardiff.
The company announced the acquisition of the freehold site back in October 2017 and development work for the site will now commence, with the hotel due to open in the 2019-20 financial year.
Furthermore, easyHotel has also signed an agreement to develop five hotels, comprising a total of 174 rooms, in Switzerland. The company's Swiss franchisee will develop the hotels, which are due to open in the next 14 months.
Lastly the company's Belfast hotel will open on Friday, raising easyHotel's portfolio to 29.
"With the addition of the new hotels in Switzerland, the group's development pipeline currently includes 1,280 owned/lease rooms and a further 1,956 franchise rooms now under development," the company said.
Shares in easyHotel were down 0.9% at 113.00 pence on Thursday.
Related Shares:
EZH.L