9th Jun 2016 07:00
Elegant Hotels Group plc
Notice of Results
Elegant Hotels Group plc (LON: EHG), the owner and operator of six upscale freehold hotels and a beachfront restaurant on the island of Barbados, will be announcing its half year results for the six months ended 31 March 2016 on Tuesday 14 June 2016.
A presentation to analysts will take place at 9.00 am at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS. Please contact Powerscourt for further details.
For further information
Zeus Capital Limited (NOMAD and Broker) | +44 (0) 203 829 5000 |
Dan Bate / Nicholas How Adam Pollock / John Goold
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Powerscourt Rob Greening / Lisa Kavanagh Email: [email protected] | +44 (0) 207 250 1446
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NOTES TO EDITORS:
Elegant Hotels owns and operates six luxury hotels and a beachfront restaurant, Daphne's, on the island of Barbados. The Group's portfolio comprises 553 rooms, which represents around 29% of Barbados' quality leisure tourist room stock. Five of the six Group hotels, including its recent acquisition Waves Hotel & Spa, 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 22 acres and an aggregate beachfront of 2,500 feet. In the year to 30 September 2015, the Group achieved revenues of $60.1 million and EBITDA before non-recurring items of $22.2 million.
The Group's shares were admitted to trading on the London Stock Exchange's AIM in May 2015. Its objective now is to leverage its position as a leading hotel operator in Barbados and to expand both on Barbados and further into the Caribbean.
Together, the Group's six hotels - Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach and Waves Hotel & Spa - offer styles encompassing classic and contemporary, family-friendly and adults-only:
Investor website: http://www.eleganthotelsgroup.com/
Commercial website: http://www.eleganthotels.com/
Related Shares:
EHG.L