NH Hoteles will reinforce its liquidity with the sale of the hotel Jolly St Ermin´s, in line with the asset divestment plan announced by the Company last year
The 275-room hotel, located in Westminster, was incorporated by NH Hoteles when it acquired the Italian hotel chain Jolly Hotels in 2007
After recently incorporating another hotel in London into the Group, under the management agreement with the hotel chain Hesperia, NH Hoteles will continues with a significant presence in London, with 3 hotels totalling more than 500 rooms
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Thursday, April 29, 2010
Big expansion planned at Whitbread as profits soar by 77%
Whitbread is targeting a 32% expansion in its Premier Inn hotel brand to 55,000 rooms in the UK by 2015, and could increase its Costa brand to 3,000 stores worldwide over the same period.
The news came as the group announced that total revenue climbed by 7.5% to almost £1.44b in 2009, thanks to the expansion of its Premier Inn, Costa and restaurant brands.
The group also pointed to improving like-for-like sales in the final quarter of the year, following a tough start to the year, which meant that overall like-for-like sales were down just 0.5% in 2009.
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The news came as the group announced that total revenue climbed by 7.5% to almost £1.44b in 2009, thanks to the expansion of its Premier Inn, Costa and restaurant brands.
The group also pointed to improving like-for-like sales in the final quarter of the year, following a tough start to the year, which meant that overall like-for-like sales were down just 0.5% in 2009.
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STARWOOD REPORTS FIRST QUARTER 2010 RESULTS
First Quarter 2010 Highlights
􀂃 Excluding special items, EPS from continuing operations was $0.13. Including
special items, EPS from continuing operations was $0.16.
􀂃 Adjusted EBITDA was $179 million.
􀂃 Excluding special items, income from continuing operations was $24 million.
Including special items, income from continuing operations was $30 million.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels increased 6.3% (3.0% in
constant dollars) compared to the first quarter of 2009. System-wide REVPAR for
Same-Store Hotels in North America increased 2.8% (1.2% in constant dollars).
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􀂃 Excluding special items, EPS from continuing operations was $0.13. Including
special items, EPS from continuing operations was $0.16.
􀂃 Adjusted EBITDA was $179 million.
􀂃 Excluding special items, income from continuing operations was $24 million.
Including special items, income from continuing operations was $30 million.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels increased 6.3% (3.0% in
constant dollars) compared to the first quarter of 2009. System-wide REVPAR for
Same-Store Hotels in North America increased 2.8% (1.2% in constant dollars).
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