Elegant Hotels Group plc (LON:EHG), the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, announced today that copies of its Annual Report and Financial Statements for the year ended 30 September 2017, together with the Notice of Annual General Meeting and Form of Proxy, will be posted to shareholders today.
Electronic copies of the Annual Report and Financial Statements, the Notice of Annual General Meeting and Form of Proxy are available to view on the Company’s website, www.eleganthotelsgroup.com.
The Annual General Meeting will be held at the offices of Macfarlanes LLP at 20 Cursitor Street, London, EC4A 1LT on Monday 19 February 2018 at 11:00 a.m.
Elegant Hotels Group plc owns and operates seven luxury freehold hotels and a beachfront restaurant, Daphne’s, on the island of Barbados. The Group’s portfolio currently comprises 588 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Six of the seven properties are situated along the prestigious west coast of Barbados commonly known as the “Platinum Coast”. The properties are all freehold, with a total aggregate plot size of approximately 23 acres and an aggregate beachfront of 2,600 feet.
In the year ended 30 September 2017, the Group achieved revenue of $59.9 million and EBITDA before non-recurring items of $18.1 million.