EasyHotel

easyHotel plc
Public limited company
Traded as LSE: EZH
Industry Hotels
Founded January 19, 2004 (2004-01-19)
Founder Stelios Haji-Ioannou
Headquarters London
Number of locations
 27
Area served
 Europe, Middle East
Key people

Guy Parsons (Chief Executive) Marc Vieilledent (Chief Financial Officer)

Jonathan Lane (Non-Executive Chairman)
Services Super budget hotel rooms
Website easyhotel.com

EasyHotel (styled easyHotel) is an international super budget hotel chain head quartered in London and listed on the Alternative Investment Market of the London Stock Exchange.

easyHotel owns, develops, operates and franchises hotels under the “super budget” easyHotel brand, marketing its hotels as offering clean, comfortable and safe hotel accommodation to its customers. The company was incorporated in 2004 and opened its first hotel in 2005.

History

Originally founded by Sir Stelios Haji-Ioannou through easyGroup Holdings Ltd, easyHotel was incorporated in 2004 and opened its first hotel in South Kensington, London in 2005. Whilst easyHotel owned its first hotel in South Kensington (which was subsequently sold and franchised in 2007), its growth strategy in its early years was to expand via franchise contracts.

2007 saw the first three international franchise hotels open in Basel, Budapest and Zurich along with two further hotels in London, at Earl’s Court and Victoria.

2008 marked easyHotel’s expansion with the opening of hotels near Luton and Heathrow airports as well as in London Paddington.

Between 2010 and 2014, the Company continued to expand its portfolio through franchise partnerships with new openings in Scotland, Germany and The Netherlands. The group also acquired two London based hotels in Old Street (2012) and Croydon (2014).

In June 2014, the Company floated on the London Stock Exchange raising £24.5m to fund further growth and expansion.

Operations

As of September 2018, easyHotel has:

  • Nine corporately-owned hotels currently comprising 702 rooms in Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle, Sheffield and Leeds.
  • 22 franchised hotels with 1,803 rooms in Belgium, Bulgaria, Germany, Hungary, the Netherlands, Switzerland, UAE, and the United Kingdom.

References

    This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.