16th Jun 2016 16:13
16 June 2016
easyHotel plc
Planning permission update for easyHotel OId Street, London
easyHotel plc ("easyHotel"), has received notification from Islington Borough Council that its previously announced application for retrospective planning permission relating to 78 rooms of the 162 rooms at 80 Old Street, London has been refused. easyHotel had previously been granted planning permission, on appeal, for the conversion of the building to a hotel in 2011.
easyHotel will be appealing this decision, a process which is expected to take at least six months.
Enquiries:
easyHotel plc | www.easyhotel.com |
Guy Parsons, Chief Executive Officer | |
Marc Vieilledent, Chief Financial Officer | http://ir.easyhotel.com |
Investec (Nominated Adviser and Broker) | +44 (0) 20 7597 4000 |
Chris Treneman / David Anderson | |
Hudson Sandler (Financial PR) | +44 (0) 20 7796 4133 |
Wendy Baker / Emily Dillon |
Notes to Editors
easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the "super budget" segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers. Website: www.easyHotel.com
Operating hotels
easyHotel's owned hotels currently comprise 390 rooms, and it has a further 18 franchised hotels with 1,490 rooms.
Owned hotels:
Old Street (London), Glasgow, Croydon.
Franchised locations:
Bulgaria (Sofia), Czech Republic (Prague), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), UK (Edinburgh, London Central & Heathrow and Luton).
Hotel development pipeline
The Company's development pipeline of owned and franchised hotels currently consists of:
Owned hotels:
Liverpool (UK), Manchester (UK), Birmingham (UK)Subject to planning permission: Barcelona (Spain), Ipswich (UK)
Franchise hotels:
Amsterdam (The Netherlands), Brussels (Belgium), Dubai (UAE)
Related Shares:
EZH.L