INVESTOR DAY: €13 million CAPEX investment by Hoteles BESTPRICE to increase revenue to €13.5 million and operating profit to €7 million by 2026

06 Nov 2024 08:52 CET

Hoteles BESTPRICE celebrates its Investor Day with announcements of upward revisions to its revenue and profit forecasts. With investments currently totaling over €13 million, the hotel chain has raised its 2026 revenue forecast to €13.5 million, with expected operating profits of €7 million, excluding new CAPEX investments and structural costs. Investments are being made in the last 4 hotels added to its portfolio, which now includes 10 hotel properties. The CAPEX execution rate is at 47%.

The hotel chain also outlines plans for adding new hotel properties under lease arrangements, aiming to operate up to 14 hotels by 2026. This would increase revenue to an estimated €16 million, with operating profits projected at €8 million. Active hotel pipeline: https://hotelesbestprice.com/pipeline-hoteles-bestprice/

Hoteles BESTPRICE currently operates 4 hotels in Barcelona, 2 in central Madrid, one each in Valencia, Girona, and Málaga, and one in Santillana del Mar, one of Spain's most beautiful towns. All locations are unique settings in well-established tourist cities.

2026 Key Projections:

• Operating profit (EBITDA) estimated at €7 million for 10 operational hotels, 100% above current levels, excluding new CAPEX investments, structural costs, and new leases.
• Projected revenue of €13.5 million, up from the expected €7.7 million for 2024.
• Total CAPEX investments of over €13 million in the last 4 hotels, with 47% execution rate.
• 10 operational hotels by 2026 from the current signed portfolio: 3 owned and 7 leased.
• Addition of 4 new leased hotels, bringing the portfolio to 14 properties.
• Operating margin around 45% of revenue, maintaining operational efficiency and productivity.
• Expected occupancy rate of approximately 93.9%, with an estimated ADR of €112.
• Projected RevPAR of around €105.
• The average workforce estimated to be around 67 employees by 2026.
• Active hotel pipeline: https://hotelesbestprice.com/pipeline-hoteles-bestprice/

The company recently reported record operating profits for the first 9 months, totaling €2,497,000. Net revenue surpassed €5,319,000, with an operating margin of over 46.9%, up from 44% last year, reflecting improved efficiency and productivity.

In 2024, Hoteles BESTPRICE achieved record occupancy and RevPAR for the first 9 months. Third-quarter occupancy rose to an impressive 98.3%, and ADR reached €111.40. The average RevPAR soared to €109.50 in Q3 and €97.80 for the year. Occupancy improved to an impressive 93.7% for the first 9 months of 2024.

The hotel chain strengthened its financial position in the first 9 months, increasing Total Assets to €13,477,922 (up from €9M, +131% from the previous year). Cash reserves reached €4,352,000, enabling investment commitments in new hotel developments in Madrid, Barcelona, and Málaga.

2024 Key Figures:

• Operating profit (EBITDA) reached €2.5 million, 37% higher than the same period last year.
• Net revenue reached €5,319,000 compared to €4,123,000, a 29% increase from the previous year.
• Operating margin of 46.9%, up from last year’s 44%, showing gains in efficiency and productivity.
• Several months with an operating margin exceeding 50%.
• Average occupancy of 93.7%, consistently above 90% over the past 24 months.
• ADR reached €104.38, with average RevPAR at €97.80.
• 7 operational hotels, with 3 more set to open soon.
• Estimated 2024 gross revenue of €7.7 million.
• Active hotel pipeline: https://hotelesbestprice.com/pipeline-hoteles-bestprice/
• MARKET CAP stands at €71 million on EURONEXT PARIS STOCK MARKET.

Oscar Sánchez, President of Hoteles BESTPRICE, said, "We are investing to lead the urban budget hotel category in Spain and expand our presence nationwide. We aspire to be a benchmark in quality and affordability with deluxe accommodations that combine modernity, excellence, comfort, and the superior quality of our team."

Hoteles BESTPRICE is an emerging boutique hotel chain with an innovative, unique, and exclusive concept that appeals to all customers and offers an attractive growth model for investors. The chain provides top-quality, deluxe rooms at the best rates, with a first-class reception team, modern facilities, and an agile, personalized, and professional service from a highly trained Guest Services team. Currently, the chain operates seven boutique hotels: BESTPRICE Diagonal and BESTPRICE Gracia in Barcelona, BESTPRICE Madrid Alcalá, BESTPRICE Girona, BESTPRICE Valencia, the recently opened BESTPRICE Santillana del Mar, and the new BESTPRICE Barcelona Stadium hostel. Three more hotels will soon be added in Madrid, Barcelona, and Málaga, bringing the total to 10 properties.

Press Contact: María Díaz

Tech Sales Comunicación – Gabinete de Prensa

mdiaz@techsalesgroup.es

http://www.techsales.es