Business
Analyst / Investor Visit
Analyst / Investor Visit.
About this update from Marston's Plc
[{"type":"text","content":"\n RNS Number : 8977Z Marston's PLC 30 September 2009 \n \n\n\n 30th September 2009\nMARSTON'S PLC\n\nAnalyst / Investor Visit\n\n\nMarston's PLC, a leading independent brewer and pub operator, announces that it is today hosting an analyst and investor visit to two managed houses in the new build format, located at Lutterworth and Kettering, and a new build site at Milton Lake.\n\nThe visit will include presentations by senior management setting out Marston's new build strategy and expertise including demonstrating that:-\n\n\n\nIt has a strong pipeline of identified new build opportunities and is on track to open 15 new food-led destination pubs over the next 12 months in line with stated plans;\n\n\nA track record of delivering excellent returns from new builds with an average 15% EBITDA return generated from similar openings over the last five years; and,\n\n\nIt is able to exploit opportunities with few competing buyers, increasing the attractions of this investment programme over acquiring existing trading pubs.\n\n\n\nIn tandem with the new build strategy, Marston's Inns and Taverns confirms that it has teamed up with hotel company, Travelodge to look for sites where they can develop a managed house alongside a hotel for mutual benefit.\n\nThe first site will open next year in Wincanton, Somerset and will feature a 57-room Travelodge hotel next door to a 6,500sq ft Marston's pub. Two more sites are expected to open this year, with a target of 10 more locations over the medium term.\n\nThe managed house at Lutterworth, which forms part of the visit, is adjacent to an existing Travelodge.\n\nDuring the visit no new material information will be made available. \n\nA copy of the presentation from the site visit will be made available on the Company's website, www.marstons.co.uk.\n\nENQUIRIES:\n\n\n\n\n\nMarston's PLC\n\n\nHudson Sandler\n\n\n\n\nAndrew Andrea, Finance Director\n\n\n\nJames White / Vanessa Laybourn\n\n\n\n\nTel: 01902 329516\n\n\nTel: 020 7796 4133\n\n...