easyHotel, the owner, developer and operator of super budget branded hotels, announced Monday that performance since the financial year ended 30 September 2017 was in line with the Board's expectations.
The group said its owned hotels have continued to significantly outperform both their competitive set and the wider UK hotel market during the corresponding period.
Guy Parsons, CEO of easyHotel plc, said: 'The like-for-like revenue growth trends across both our owned and franchised estates in the prior financial year have continued.'
'easyHotel has a committed pipeline of 941 owned rooms under development which will make a significant contribution to system sales, revenue and adjusted EBITDA going forward.' 'The latest addition of Milton Keynes to our committed pipeline completes the deployment of funds from our 2016 equity fundraising and bank loan.'
At 8:19am: (LON:EZH) Easyhotel Plc share price was +4.5p at 113.5p