Latest investment deal demonstrates appetite for Whitbread-let and operated sites. Whitbread has completed a c. £52 million forward funding investment deal for its new hub by Premier Inn which is under construction in Shoreditch, East London. The deal with an un-named UK pension fund follows three recent forward funding
Whitbread PLC announces that Costa has acquired 49% of its South China Joint Venture from its JV partner, Yueda, for RMB 310 million (£35 million). This acquisition provides full ownership in this important growth market and is in line with Whitbread’s strategy to focus on key international opportunities. Costa
Expanding Premier Inn Germany business completes deals for four new hotels in Düsseldorf, Hamburg and Stuttgart Premier Inn announced today that it has completed deals to secure four new sites as it continues to build its portfolio in Germany. The company is announcing new hotels in Düsseldorf, Hamburg (two
Whitbread has had a good start to the year with sales growth of 7.6% Whitbread PLC today reports its trading performance for the 13 weeks to 1 June 2017 Sales update (% change vs. prior year) for the 13 weeks to 1 June 2017 Like for like sales Total
As part of its planned Board succession, Whitbread PLC has today announced that Sir Ian Cheshire will step down from the Whitbread Board, and as Senior Independent Director, at the end of Whitbread’s Board meeting on 21st September 2017. Adam Crozier, who joined the Board on 1 April 2017,
WHITBREAD DELIVERS ANOTHER YEAR OF STRONG SALES AND PROFIT GROWTHWhitbread Plc results for the 52-week financial year to 2 March 2017 2016/17 was a 52-week year whereas 2015/16 was a 53-week year. In order to provide a clearer comparison, year-on-year growth relating to revenue, underlying profit and underlying earnings
Good total sales growth of 8.6% for the third quarterOn track to deliver full year results in line with expectations Whitbread PLC today reports its trading performance to 1 December 2016. Sales update (% change vs. prior year) Alison Brittain, Chief Executive of Whitbread, comments: “We continue to make
Whitbread announces today it has completed two sale and leaseback transactions on prime London hotels. These transactions are in line with our property strategy to carry out modest sale and leasebacks in order to recycle capital into strong returning new growth opportunities, and are further evidence of how we
Whitbread PLC has today announced the appointment of Adam Crozier as a Non-Executive Director. Adam Crozier is chief executive of ITV plc and has been Chief Executive of a number of public and private sector organisations over the last 21 years, in the media, logistics and retail sectors. Adam
Whitbread PLC is hosting an investor day today at Nomura, 1 Angel Lane, London EC4R 3AB. The event will commence at 12.00 hours UK time and include presentations from senior executives across the Group. Today, we will address the longer term outlook for our business. We will detail how
