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Nh Hoteles Sells Three Properties In Mexico For Us 57 Million And Focuses Its Mexican Strategy On Urban Hotels

Wed, 03 Mar 2010 15:22:00 +0200

NH Hoteles is fortifying its liquidity in a $57M operation in Mexico that involves the following agreements: The sale of three company-owned hotels that are currently operated under franchise agreements as Hilton-brand hotels. The cancelation of the management contracts for the Krystal vacation hotels operated by the company in Cancún, Puerto Vallarta and Ixtapa and the sale of the Krystal brand. NH Hoteles has 11 urban hotels in Mexico and plans to open two additional hotels in Mexico City and Querétaro during this year.

NH Hoteles And Hesperia Formalize Their Integration

Tue, 03 Nov 2009 10:00:18 +0200

NH Hoteles and Hesperia have closed the agreement for the integration of their respective hotel management businesses. Through this deal, NH Hoteles will manage 51 hotels that are currently owned or operated by Hesperia and the multinational hotel chain will increase its total number of operating hotels to 400 and its number of rooms to over 60,000.

NH Hoteles and Hesperia agree the integration of the hotel management business and Hesperia joins the Board of NH Hoteles

Tue, 15 Sep 2009 10:47:06 +0200

NH Hoteles and Hesperia have signed an agreement aiming to integrate their respective hotel management businesses. This deal, supported by both of the Boards, implies the creation of the largest Spanish hotel group within the urban segment.

NH Hoteles consumption in all of the areas of interest of the Group has come down considerably.

Mon, 07 Sep 2009 13:19:53 +0200

NH Hoteles sees the Environment as a strategic interest group. The Company focuses on taking an ecological, sustainable approach throughout its business cycle, from the work of planning, designing and building the hotels up to its everyday operations and the service it provides its customers.

NH Hoteles Strengthens Its Financial Situation And Continues To Drive Its Efficiency Plan

Mon, 07 Sep 2009 13:15:16 +0200

NH Hoteles has reacted to this adverse situation with a significant efficiency and cost reduction plan, thereby achieving a decrease in expenses of €74M | NH Hoteles strengthens its liquidity and ends with a successful capital increase of €221M | Additionally, the Group props up its financial situation due to the fact that the bank syndicate postpones the measuring of financial debt ratios, agreed with NH Hoteles in the syndicate credit that it signed in 2007, to 31 December 2010

NH Hoteles Announces A Capital Increase To Strengthen Its Balance Sheet

Fri, 22 May 2009 11:40:46 +0200

On May 12, the Board of Directors of NH Hoteles approved the proposal to be put to the coming Annual General Meeting (16 June 2009) for a capital increase consisting of an issue of 98,646,972 new shares. The aim of NH Hoteles in this operation is to strengthen its Balance Sheet to adapt to the current adverse situation.

NH Hoteles´ Sales Grew By 7.5% To June

Tue, 02 Sep 2008 14:36:26 +0200

In the first six months of 2008, the Group's sales rose by 7.5%, to €771M, confirming the improvement in performance compared to the same period of the previous year. EBITDA (operating profit) was €146.1M, 2.7% higher, and net income fell to €32.4M, because of the reversible provision (€12.3M) set up to cover the change in the price of the shares used to cover the incentives plan approved by the Group in 2007. It is therefore important to take into account that after eliminating the effect of this provision, the net income of the Group would have been higher than for the same period last year.

NH Hoteles And Philips Partner For Two Year Study Into Consumer Well-Being

Tue, 08 Jul 2008 17:13:45 +0200

NH Hoteles and Philips have announced that they will conduct an intensive two-year study into the optimization of well-being amongst hotel guests. To support the research, NH Hoteles and Philips have teamed up as a first step to create a unique room at NH Hoteles’ flagship Barbizon Palace hotel in Amsterdam featuring the latest in ambient solutions. Researchers will collect consumer insights into how different room settings and technologies affect the guests’ hotel going experience and well-being as well as their interaction and relationship with entertainment systems and lighting.

NH Hotel´s Activity Increase By 11% In The First Quarter

Tue, 29 Apr 2008 15:06:02 +0200

An 11% increase in hotel sales in the first quarter shows that the fundamental business of NH Hoteles is strong. The Group's revenues (hotel, real estate and Non-recurrent business) totalled €324.4M, 2% more than in the first quarter of last year. This slower growth in total revenues is explained by the fact that there were no Non-recurrent revenues compared to the same period last year.

Dutch Television Broadcasting "Hotel" - a Documentary that Takes Place in Three NH Hotels in the Netherlands; Earns 10% Viewer Share

Fri, 18 Apr 2008 10:08:07 +0200

Life at a hotel is dynamic and ever-changing. For the people who stay at the hotel, it is just a moment in their daily life, or a pleasant, restful experience during their free time.

Hotel offers smashing good time

Thu, 05 Jul 2007 00:00:00 +0200

MADRID | A Madrid hotel combined its need to refurbish its rooms and stressed-out city residents' need for an outlet, letting them take sledgehammers to their rooms. For Pablo Varela, a 30-year-old teacher who deals with "difficult pupils," it was just the ticket. "I'm exhausted, but very relaxed. I've never done anything like this before," he said Tuesday after producing an avalanche of plaster in one hotel bedroom.

Morgan Stanley Real Estate Funds Have Acquired A Major Holding In The Capital Of NH Hoteles

Wed, 14 Mar 2007 00:00:00 +0200

The real estate funds of Morgan Stanley have taken a 6.35% holding in the capital of NH Hoteles. These funds have a positivily assessed the company's growth expectations and its leading position in Europe.

NH Hoteles, Framon To Merge Italian Ops | forbes.com

Mon, 27 Mar 2006 00:00:00 +0200

NH Hoteles SA and Italian hotel chain Framon have signed an agreement to create a joint venture for their Italian operations, Expansion reported, citing unnamed sector sources close to the operation. In January, NH Hoteles said it was in talks to acquire Framon. According to Expansion, the Spanish hotel chain will hold the majority stake in the joint venture and also will manage the new company. It also plans to pay Framon 'a very small amount' for its hotel assets, which are not owned by the company but are rented or under management contract.

NH's Fast Good, The Gastronomic Phenomenon, Is Consolidating Its Expansion With 3 New Project Signings

Sun, 05 Feb 2006 00:00:00 +0200

NH Hoteles has just signed another 3 new "Fast Good" projects in Spain. The new gastronomic culture created by NH Hoteles in collaboration with Ferran Adrià has become a consolidated gastronomic phenomenon since it started out back when the first "Fast Good" opened in the NH Eurobuilding (Madrid). So far the company has opened 3 "Fast Good" restaurants, two in Madrid and one in Santiago de Chile.

NH Hoteles Enters France With A New Hotel In Lyon

Tue, 13 Dec 2005 00:00:00 +0200

NH Hoteles will enter the French market with a new hotel at Lyon's Saint Exupéry airport. This new hotel is part of NH Hoteles' continuing growth and expansion strategy in Europe where it will be present in 20 countries. The hotel, due to open in 2008, will be part of a new area planned opposite terminal 1 of the city's airport.

NH Hoteles Nearly Triples Its On-line Sales

Tue, 25 Oct 2005 00:00:00 +0200

NH Hoteles has nearly tripled its internet sales compared to last year's figures, after expanding and improving the services of its web site, which first came online in 2004. To make customer access easier, a more personalised page has been set up according to each customer's profile and the access routes have been simplified.

NH Hoteles Opens Its First Hotel In Santiago De Compostela, The NH Obradoiro

Wed, 28 Sep 2005 00:00:00 +0200

Madrid, NH Hoteles has opened its first hotel in Santiago de Compostela, the NH Obradoiro. The new 5-star hotel will be operated under a lease contract and has involved an investment of €2.5 million for NH Hoteles.

NH Hoteles Opens Its First Hotel In Badajoz, The Nh Gran Casino De Extremadura

Tue, 31 May 2005 00:00:00 +0200

NH Hoteles will open the 5 star hotel NH Gran Casino de Extremadura, in Badajoz, Spain. With this new incorporation NH Hoteles counts with its first hotel in this city and the second one in Extremadura. The NH Gran Casino de Extremadura will be under a management contract and will need a total investment of €31.5 million.

NH Hoteles Opens Its First Hotel In London

Fri, 01 Apr 2005 00:00:00 +0200

NH Hoteles enters the London market with the Harrington Hall Hotel (www.harringtonhallhotel.co.uk), which has been acquired together with the real estate company Losan. This transaction has involved an investment of 72 million euros, 75% being provided by Losan and NH participating with 25%. The Harrington Hall is a four-star-superior urban hotel located in the South Kensington area (Chelsea), one of the most exclusive areas of London, next to Hyde Park, Kensington Palace, Kensington Gardens, the Science Museum, the Natural History Museum and the Royal Albert Hall.

NH Hoteles Invoiced 3% More And Increased Its Operating Profit By 16% In 2004

Wed, 02 Mar 2005 00:00:00 +0200

NH Hoteles recorded earnings totalling €42.13 million in 2004, on sales that were 3% higher than the year before, at €953.8 million euros. This year there were no extraordinary earnings, compared to the €28.4 million recorded last year. Operating earnings (EBITDA) were €180 million, 16% higher than in 2003, confirming the upward trend in the business.