"We are working to double the number of hotel establishments in the short term"

28 Nov 2022 09:22 CET

Interview with the president of Hoteles BESTPRICE, Oscar Sánchez, a Spanish hotel chain that has recently started trading on EURONEXT PARIS

November 28, 2022. How is this 2022 going?

We started the year with difficulties due to the last wave of COVID that limited mobility and affected the development of operations. But as normality returned, we can say that we have left the worst moments of the pandemic behind with a great summer for the company that has touched 100% occupancy and monthly operating margins of over 50%, like a true technology startup. , and that comes to confirm our business model and quality for our guests, clients and investors. Our proposal for deluxe rooms combines modernity, excellence, comfort and the supreme quality of our human team.

What have been the results in the first 9 months of this 2022?

Hoteles BESTPRICE has reached in its first 9 months of the year record operating profits with a figure of €1,385,000. The turnover exceeds €3,200,000 and an operating margin on sales of more than 50% per month since the end of the pandemic. We have announced annual turnover forecasts of 4 million euros for this 2022 and an operating profit of around €1,500,000. The company's cash position also reaches a record that allows us to face new investments in new hotels and expand the number of establishments.

This year they have started trading on EURONEXT PARIS

We celebrate the IPO of our hotel chain, which will allow us to execute our ambitious plan to multiply the company by 10. We perceive the entry of new investors as a boost to our project of leading the sector in our category, with hotels in the main provincial capitals. We possibly provide investors with one of the best returns in the hotel sector and excellent value for money to our guests who rank us among the best in each city we are in. Our value proposition to our shareholders is one of more than excellent professional management with possibly one of the best human teams in our hotel sector.

What objectives do you pursue by listing on EURONEXT PARIS?

Listing on the STOCK EXCHANGE will allow us to attract new financial resources that allow the expansion of our hotel chain and its leadership in the category in which we operate. It is a historic step for the company that will allow us to grow the number of hotel establishments and a greater presence in more cities in Spain. Investors will also celebrate our growth with huge rates of return given the attractive return model we offer them. Our pipeline of new establishments is very active.

How has your debut at EURONEXT PARIS been?

We have had important partners who have helped us to have a brilliant and successful start to our stock market debut. The banking entities CaixaBank, BBVA, Sabadell, Openbank, ActivoBank and Interactive Brokers support BESTPRICE Hotels with stock brokerage in EURONEXT PARIS in our debut on the STOCK MARKET. The support received by these entities with the inclusion of BESTPRICE Hotels in their brokerage platforms for our company's shares has allowed BESTPRICE Hotels to start its debut on the Stock Market on the right track. The market capitalization reaches 29.6 million euros and represents a growth of 45% in its first month of listing. Sabadell has acted as agent bank in the IPO. The ISIN code of the company is ES0105664009 and the acronym of the company in the EURONEXT PARIS is MLHBP.

Hoteles BESTPRICE is a new boutique hotel chain that debuts in the hotel catering market with a cutting-edge, unique, exclusive, and very appealing concept for all customers. Hoteles BESTPRICE provides the best hotel rates along with a modern design of the facilities and an agile,  customized and professional service from highly skilled reception personnel. It has four boutique hotels, BESTPRICE Diagonal and BESTPRICE Gracia in Barcelona, BESTPRICE MADRID Alcalá and BESTPRICE Girona. For further information: https://hotelesbestprice.com/