Brainspark PLC BSP Ora Hotel Update

  Brainspark PLC (BSP) - Ora Hotel Update

RNS Number : 0404Q
Brainspark PLC
01 November 2012





 1 November 2012



                                Brainspark Plc

                       ("Brainspark" or "the Company")

                                      

                                      

                                  ORA HOTELS



Brainspark, the AIM  quoted international  investment company  (AIM: BSP),  is 
pleased to announce that  its hotel management subsidiary,  ORH SpA ("ORH"  or 
"ORA  Hotels  Group")  has  signed  an  advisory  agreement  to  improve   the 
performance of the hotel Vista  Palace (www.vistapalacehotel.com), one of  the 
world's most prestigious hotels located in the French Riviera and  overlooking 
Monaco.



The owners  of  the  70  room  hotel plan  a  EUR  80  million  investment  to 
restructure and modernise  the hotel over  the next three  years, to  increase 
capacity, enhance  quality of  service  and highlight  the uniqueness  of  its 
geographical location.



Brainspark considers  this  strategic  alliance an  important  opportunity  to 
showcase a business model that  provides support for hoteliers with  contracts 
ranging from hotel management, direct management and web franchising.

In addition to  this important  strategic alliance, Brainspark  is pleased  to 
announce that two further  European hotels have signed  up with the Ora  Hotel 
Group:

In Sicily, following the successful management of the Ora Luxury Catania Grand
Hotel Villa Itria, ORH has commenced  the direct management of the Hotel  Baia 
Azzurra (50 rooms) in Taormina. Further,  the company will shortly be  awarded 
the web franchise for the Boscone Suite  Hotel in Madesimo which, with its  71 
rooms, will increase the presence of  Ora Hotels Group in the mountain  region 
of northern Italy.

Brainspark's strategy for ORH  is to be managing  over 6,500 rooms around  the 
world by  2016, via  direct  management under  the  Ora Hotel  brand,  formula 
management, web management and franchise.





Alfredo Villa, CEO of Brainspark  commented, "These are exciting  developments 
for Ora Hotels  and we  expect to  cement further  similar relationships  with 
equally prestigious  hotels  around the  world  in the  near  future.  Today's 
announcement is  a clear  indictment  of the  management skills  and  industry 
expertise of the ORH team."



                                    -ends-



For further information please contact:





Brainspark
plc
+39 02 525 051

Alfredo Villa, CEO



Westhouse Securities  (Nominated Adviser  and  Broker) 
+44 (0) 20 7601 6100

Antonio Bossi

Jonathan Haines



Leander                                                             (Financial 
PR)
+44 (0) 7795 168 157

Christian Taylor-Wilkinson







About Brainspark

Brainspark plc  (AIM: BSP)  is an  AIM listed  investment company  pursuing  a 
dynamic strategy to  create a comprehensive  portfolio of companies  primarily 
encompassing the leisure  and real  estate sectors  mainly in  Italy but  also 
other European  countries. The  Company  may be  either  a passive  or  active 
investor and Brainspark's investment rationale ranges from acquiring  minority 
positions with strategic  influence through to  larger controlling  positions. 
For further information, please visit, www.brainsparkplc.com







                     This information is provided by RNS
           The company news service from the London Stock Exchange

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NRAMBBTTMBBJTLT -0- Nov/01/2012 07:00 GMT