INTERVIEW: Elegant Hotels Group Treasure Beach Hotel Acquisition

Elegant Hotels Group Plc (LON:EHG) CEO Sunil Chatrani talks to DirectorsTalk about it’s latest acquisition Treasure Beach Hotel. Sunil explains the criteria used when deciding if Treasure Beach was an attractive acquisition target for Elegant Hotels, what its strengths are as a property, how it fits in with their existing portfolio, how the sales and marketing agreement with The Landings Resort and Spa in St Lucia is progressing and provides a bit more detail on Elegant’s expansion strategy.

Elegant Hotels Group Plc owns and operates six luxury hotels and a beachfront restaurant, Daphne’s, on the island of Barbados. The Group’s portfolio comprises 553 rooms, making it twice as large (by room number) as the closest competitor in the Barbados luxury hotel room market. Five of the six 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 22 acres and an aggregate beachfront of 2,500 feet. In the year ended 30 September 2016, the Group achieved revenues of $57.0 million and EBITDA before non-recurring items of $19.6 million. Together, the Group’s six existing hotels – Colony Club, Tamarind, The House, Crystal Cove, Turtle Beach and Waves Hotel & Spa – offer styles encompassing classic and contemporary, family-friendly and adults-only.

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