EasyHotel: Difference between revisions
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'''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]]. |
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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. |
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. |
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Revision as of 15:44, 26 June 2019
| File:EasyHotel.svg | |
| Company type | Public limited company |
|---|---|
| LSE: EZH | |
| Industry | Hotels |
| Founded | January 19, 2004 |
| Founder | Stelios Haji-Ioannou |
| Headquarters | London |
Number of locations | 36 |
Area served | Europe, Middle East |
Key people | Guy Parsons (Chief Executive)
Gary Burton (Chief Financial Officer) Jonathan Lane (Non-Executive Chairman) |
| Services | Super budget hotel rooms |
| Website | easyhotel |
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.[citation needed] 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.[citation needed]
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.[citation needed]
2008 marked easyHotel’s expansion with the opening of hotels near Luton and Heathrow airports as well as in London Paddington.[citation needed]
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).[citation needed]
In June 2014, the Company floated on the London Stock Exchange raising £24.5m to fund further growth and expansion.[citation needed]
Operations
As of January 2019, easyHotel has:
- Eleven corporately-owned hotels currently comprising 1,220 rooms in Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle, Sheffield, Leeds, Ipswich and Barcelona (Spain).
- 25 franchised hotels with 2,136 rooms in Belgium, Bulgaria, Germany, Hungary, the Netherlands, Portugal, Switzerland, UAE, and the United Kingdom.[citation needed]
