The Spanish market authorities have authorised the delisting of ex-NH Group, now a subsidiary of Minor Hotels International. This marks the end of a process that began six months ago, coinciding with the publication of excellent results for the first half of the financial year.
Minor Hotels Group Continental Holding will acquire the 4.1% stake in Minor Hotels Europe & Americas still held by private shareholders.
This delisting is a decisive step in creating a more agile, efficient and focused organisation. It strengthens our ability to seize global growth opportunities and generate greater value for our shareholders. Dillip Rajakarier, CEO of Minor International Group
The approved transaction coincides with the publication of half-year results by Gonzalo Aguilar, CEO of MHE&A, which show Minor Europe & Americas’ revenue at €1.2 billion, up 5%, and a 6% improvement in RevPAR, exceeding €102. Gross margin (EBITDA) amounted to €317 million and net profit for the period rose 58% to €112 million, including €26 million from the sale of assets.
The profitable results enabled a significant reduction in debt (to €114 million) following the early repayment of €400 million in bonds.
About Minor Hotels
Minor Hotels is a global leader in the hospitality industry with over 560 hotels, resorts and branded residences across 57 countries. The group crafts innovative and insightful experiences through its hotel brands including Anantara, Elewana Collection, The Wolseley Hotels, Tivoli, Minor Reserve Collection, NH Collection, nhow, Avani, Colbert Collection, NH, Oaks, and iStay, as well as a diverse portfolio of restaurants and bars, travel experiences, and spa and wellness brands. With over four decades of expertise, Minor Hotels builds stronger brands, fosters lasting partnerships, and drives business success by always focusing on what matters most to our guests, team members and partners.
Minor Hotels is a proud member of the Global Hotel Alliance (GHA) and recognises its guests through one unified loyalty programme, Minor DISCOVERY, part of GHA DISCOVERY.
Discover our world at minorhotels.com and connect with Minor Hotels on Facebook, Instagram, LinkedIn, and YouTube.
