Hoteles BESTPRICE S A : 52 million euros in market capitalization on the first anniversary of Hoteles BESTPRICE on the EURONEXT stock exchange

About this update from Hoteles Bestprice Sa

52 million euros in market capitalization on the first anniversary of Hoteles BESTPRICE on the EURONEXT stock exchange 06 Oct 2023 08:30 CEST Subscribe Issuer HOTELES BESTPRICE S.A. The hotel chain, listed on EURONEXT PARIS, is celebrating its first anniversary with a 158% growth in market capitalization and announces record earnings in the first 9 months October 6th, 2023. Hoteles BESTPRICE celebrates its first anniversary as a publicly traded company with a 158% growth in market capitalization, reaching 52 million euros. The hotel company made its debut with a share price of 1€ on the EURONEXT PARIS stock market and an initial capitalization of 20.4 million euros. The hotel chain expects to double the number of operational hotel establishments in its portfolio in the coming months. Currently, it operates 5 hotels in the cities of Barcelona, Madrid, Girona, and Valencia. Hoteles BESTPRICE has become the first hotel company to distribute dividends after the pandemic and plans to significantly increase shareholder remuneration in the coming years once all the currently under construction establishments become operational. The company is listed on EURONEXT PARIS, and the banking entities CaixaBank, BBVA, Santander, Sabadell, Openbank, ActivoBank, and Interactive Brokers support Hoteles BESTPRICE with stock market intermediation on EURONEXT PARIS. The company's ISIN code is ES0105664009, and its ticker symbol on EURONEXT PARIS is MLHBP. Hoteles BESTPRICE has closed a summer season with an average occupancy rate of 97% in all its hotels, considered full occupancy, and room rates have surged above 116€ on average. The hotel chain expects good results until the end of the year and announces strong investments in the coming months to expand the number of establishments. It has just inaugurated BESTPRICE Valencia, with Hoteles BESTPRICE becoming a reference in its target markets. It has an average workforce of 42 employees. In the words of Oscar Sánchez, president of Hoteles BESTPRICE, "a year ago, we announced a milestone for the company that allowed us to start trading to pursue growth in the number of hotel establishments and a greater presence in more Spanish cities. Today, our investor shareholders can celebrate the profitability model we offer them. Our value proposition is one of modernity, excellence, comfort, and supreme quality of our human team." Hoteles BESTPRICE is a new boutique hotel chain that disrupts the hotel restaurant market with an innovative, unique, exclusive, and highly attractive concept for all customers, and with an appealing growth model for investors. They offer the best hotel stay prices with deluxe rooms and first-class service from the Reception team 24 hours a day, with modern facility design and agile, personalized, and professional service from a highly trained Guest Services team. It has five boutique establishments, BESTPRICE Diagonal and BESTPRICE Gracia, both in the city of Barcelona, BESTPRICE Madrid Alcalá, BESTPRICE Girona, and the BESTPRICE Valencia hotel. Press Contact: María Díaz Tech Sales Comunicación - Gabinete de Prensa [email protected] Source HOTELES BESTPRICE S.A. Provider Euronext Company Name HOTELES BESTPRICE ISIN ES0105664009 Symbol MLHBP Market Euronext Access

View stock analysis, news, and events for Hoteles Bestprice Sa