HOTELES BESTPRICE S.A. 16 May 2023 09:01 CEST
HOTELES BESTPRICE S.A.
May 16th of 2023. The Board of Directors of the company proposes to the Shareholders' Meeting that will take place on May 29 the payment of dividends for the first time since the company was listed on the Stock Market. Hoteles BESTPRICE closed the 2022 financial year with a net profit of €563,129 and EBITDA figures of €1,550,000, tripling the results of the previous year. The operating margin on sales is 36.7% and the net income of its four hotels reaches €4,220,000.
The payment of the dividend of €260,500.86 represents almost half of the company's net profit in 2022 and is a 1.27% return for the shareholders who accompanied the IPO of Hoteles BESTPRICE just 6 months ago and in the It has doubled its capitalization. The disbursement will be made to the shareholders of the company on the day of the Shareholders' Meeting.
The hotel chain recently announced its fifth hotel in the capital of Turia, opening in the second quarter of 2023, and its sixth hotel in Madrid. In Valencia the new 2-star Hotel has 24 rooms, and will offer the best prices for hotel stays with deluxe rooms in the city of Valencia. In Madrid, the new establishment has 53 rooms and is located in the technological district of San Blas-Canillejas in Madrid. The company's pipeline consists of 4 new hotels in the construction phase in the cities of Malaga, Madrid, Girona and Barcelona.
The company has good growth prospects for the year as a whole with a revised forecast of 4.4 million euros in revenue. Occupancy rates have been close to 100% since the end of the pandemic and augurs good quarters in 2023 due to the strong demand for reservations received. The hotel portfolio consists of 9 hotels in the main cities of the country such as Madrid, Barcelona, Valencia, Malaga and Girona.
Hoteles BESTPRICE recently began trading on the stock market at a price of €1 per share and with an initial capitalization of €20.4M (€20,400,000). The banking entities CaixaBank, BBVA, Sabadell, Openbank, ActivoBank and Interactive Brokers support Hoteles BESTPRICE with stock brokerage in EURONEXT PARIS in the debut of the Spanish company on the STOCK MARKET.
The ISIN code of the company is ES0105664009 and the acronym of the company in the EURONEXT PARIS is MLHBP.
In words of Oscar Sánchez, president de Hoteles BESTPRICE, "a new milestone for the company, such as the distribution of dividends to our shareholders, which positions us as a solid investment to attract new shareholders to the company. The human team behind BESTPRICE Hotels is unique and is what makes it possible for us to offer a product with supreme quality at a spectacular price. Our proposal for deluxe rooms combines modernity, excellence, comfort and the supreme quality of our human team."
Hoteles BESTPRICE is a new boutique hotel chain that breaks into the hotel market with an innovative, unique, exclusive and very attractive concept for all customers, and with an attractive growth model for investors. The best hotel stay prices are offered with deluxe rooms and a first-class service from the Reception team, with a modern design of the facilities and an agile, personalized and professional service by a highly trained Guest Services team. It has four boutique establishments, BESTPRICE Diagonal and BESTPRICE Gracia, both in the city of Barcelona, the BESTPRICE Madrid Alcalá and the BESTPRICE Girona. And a fifth hotel in the city of Valencia that is estimated to open in the 2nd quarter of 2023. It is also in the execution phase of 4 new hotel projects in the cities of Malaga, Madrid, Girona and Barcelona.
HOTELES BESTPRICE S.A.
Euronext
HOTELES BESTPRICE
ES0105664009
MLHBP
Euronext Access
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Hoteles BESTPRICE SA published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 07:09:09 UTC.
