Elegant Hotels (EHG.L) Intitiation, Prime Barbados hotels with a 7% dividend yield
Elegant Hotels owns five freehold hotels, rated four and five stars, in prime beach Barbadian locations, comprising 333 suites and 150 rooms. This comprises some 25% of the island’s upscale stock. It has seen a 23% growth in visitors since 2010 (on an unchanged number of locations). Post IPO, loan-to-value will be under 20%. With this robust asset base, Elegant Hotels is a resilient proposition and has a strong history of raising ROCE (14% post tax in FY15E) and profits. Under management which joined in 2009 – Simon Sherwood, (Group Chairman), and 2010 – Sunil Chatrani, (Group CEO) selective investment has raised returns, as have operational enhancements. There also is an evolutionary move growing the higher margin direct distribution routes-to-market.Elegant Hotels Group is a holding company. Through its susidiaries, Co. is engaged in the ownership and operation of hotels and restaurants in the Caribbean, principally on the island of Barbados. As of Sept 30 2017, Co. owned and operated seven freehold beachfront hotels and a beachfront restaurant on the island of Barbados.
We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.
Our expert team of sector analysts and market professionals collectively have over 400 years of experience. This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.
Our smaller, boutique structure allows us to provide first-class customer service and to deliver a wide range of ad-hoc services for multiple clients with different needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.