Elegant Hotels Group PLC (LON: EHG), an owner of five beach front hotels and a beachfront restaurant on the island of Barbados is certainly climbing up the ladder of success. In some recent positive developments, the company has shown a substantial growth over the peak winter period with a 7.6% rise in revenues to $36.4 million. Talking about the pre-tax profits, it has steeped by 14.5% to $12.1million.
Elegant Hotel group offers a luxurious stay for you and your family along with unparalleled services in the serene and spectacular beaches situated on the west and south coasts of sun-soaked Barbados. The reviews online from their happy customers speak for themselves.Elegant Hotels Group has completed a £63 million share placing and admission to the Alternative Investment Market in London in the month of May and further the revenue recorded per available room in the half year was up by 7.8% to $319 from $296.
Elegant Hotels Group PLC (LON:EHG) consists of three outstanding Breakfast Plan resorts- Tamarind Hotel, Colony Club Hotel and the Intimate House-apart from two of the best all-inclusive properties in the Turtle Beach Resort, Caribbean and Crystal Cove Hotel. Speaking happily about one of the achievements made by their Colony Club Hotel, Chief executive, Sunil Chatrani said, “We benefitted from the refurbishment of Colony Club and the improvements we have made at our other hotels over the last few years, combined with efficient revenue management”.
“Looking forward we will focus on delivering sustainable returns and generating value for our shareholders as we pursue further growth from the existing portfolio as well as expansion in the Caribbean”, he added further. This announcement is hinting towards a positive development for the anticipating investors and the existing shareholders as there is a visible way of growth.