easyHotel is reviewing its long-term financing options, including raising new debt and equity capital, as it looks at more, and larger, development opportunities.
Chief executive Guy Parsons said: “As previously highlighted, we continue to see a good number of attractive potential development opportunities to further accelerate the growth of our owned hotels. These are both larger and more numerous than we had originally anticipated.
“It is for this reason that we are currently considering our long-term financing options, including raising new debt and equity capital, to position the group to take advantage of these opportunities and underpin easyHotel’s long term objective to be the market leader in super-budget sleep.”
Since the financial year ended in 30 September 2017, the company said it has opened a new 78-room hotel in Liverpool, and had acquired and opened a 104-room hotel in Newcastle.
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