easyHotel (UK) Signs Franchise Agreement with Continuum for Spain
22 Mar 2018 - Budget hotel operator easyHotel PLC said on Thursday it has signed a franchise agreement with Continuum Hospitality Group for the development of a 146-room hotel in Malaga, Spain.
Continuum will develop and manage the hotel with backing from investor Extendam, and the hotel is expected to open in 2019.
EasyHotel also said it has opened its new 87-room franchise hotel in the Netherlands.
"We continue to expand our franchise portfolio in key international destinations and I am delighted that we are strengthening our presence in both of these important European tourist resorts, working alongside highly experienced partners. These additions will take our franchise portfolio to 1,728 rooms opened with 1,857 under development and the Board looks forward to announcing further opportunities in due course," said Chief Executive Guy Parsons.
Shares in easyHotel remained flat at 110.00 pence on Thursday.