Hoteles BESTPRICE launches its Affiliation Program for independent and family-run hotels that wish to delegate hotel management.

30 Sep 2024 11:00 CEST

After a record-breaking summer for the seven operational hotels of Hoteles BESTPRICE, the hotel chain is launching its Affiliation Program aimed at independent and family-run hotels interested in joining Hoteles BESTPRICE. This program offers a unique opportunity for hotels to benefit from the comprehensive management services provided by Hoteles BESTPRICE while retaining ownership of their establishments. The program maximizes revenue with guaranteed income and additional earnings based on performance. Hoteles BESTPRICE is known for its high standards in hotel management, exceptional quality, customer service, and profitability for hotel owners.

The chain experienced a record summer with an average occupancy rate of 98% and an average room rate exceeding €106. This growth has led to a 31.1% increase in revenue compared to the previous year, with estimated annual earnings of around €7 million. Hoteles BESTPRICE is heavily investing in new establishments in Madrid, Barcelona, and Málaga, aiming to expand its portfolio to 10 operational hotels.

The company has strengthened its financial position with assets totaling €13.15 million in the first half of the year, compared to €5.69 million the previous year, representing a 131% increase. This strong cash position allows the company to pursue its current investments in new hotels.

Hoteles BESTPRICE is listed on EURONEXT PARIS, with support from financial institutions such as CaixaBank, BBVA, Sabadell, and others for stock market brokerage. The company’s market capitalization stands at €71 million, and it trades under the ticker MLHBP with ISIN code ES0105664009.

Oscar Sánchez, president of Hoteles BESTPRICE, stated: "We had an excellent summer with outstanding occupancy results, allowing us to move forward with exciting growth projects and profitability through our new Affiliation Program. Our deluxe stays combine modernity, excellence, comfort, and top-tier service from our talented team."

Hoteles BESTPRICE is a boutique hotel chain offering a unique, innovative, and exclusive concept for guests, as well as an attractive growth model for investors. The chain is known for providing deluxe rooms at the best prices, with first-class service from a highly trained Guest Services team. The current portfolio includes seven boutique hotels: BESTPRICE Diagonal and BESTPRICE Gracia in Barcelona, BESTPRICE Madrid Alcalá, BESTPRICE Girona, BESTPRICE Valencia, BESTPRICE Santillana del Mar, and the new BESTPRICE Barcelona Stadium Hostel.

For more information, interested parties can contact: inversores @hotelesbestprice. com

AFFILIATION program Hoteles BESTPRICE