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August 31, 2015 7:27 AM ET

Hotels, Restaurants and Leisure

Company Overview of Elegant Hotels Group Plc

Company Overview

Elegant Hotels Group Plc owns and operates hotels in Barbados. The company operates five hotels, including Colony Club, Tamarind, The House, Crystal Cove, and Turtle Beach, as well as a beachfront restaurant under Daphne's name located along the beaches on the west and south coasts of Barbados. Its hotels consists a portfolio of 483 rooms. The company also provides amenities, including spas and fitness centers; hotel shops; and complimentary water sports, such as snorkeling, sailing, boogie boards, kayaking, and windsurfing. Elegant Hotels Group Plc was founded in 1998 and is based in St. James, Barbados.

Paynes Bay

St. James,  

Barbados

Founded in 1998

Phone:

246-432-5525

Fax:

246-432-5255

Key Executives for Elegant Hotels Group Plc

Elegant Hotels Group Plc does not have any Key Executives recorded.

Elegant Hotels Group Plc Key Developments

Elegant Hotels Group Plc, Special/Extraordinary Shareholders Meeting, Jul 23, 2015

Elegant Hotels Group Plc, Special/Extraordinary Shareholders Meeting, Jul 23, 2015.

Elegant Hotels Group Plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2015

Elegant Hotels Group Plc reported unaudited consolidated earnings results for the six months ended March 31, 2015. For the period, the company reported sales of USD 36,427,000 against USD 33,865,000 a year ago. Profit before taxation was USD 12,137,000 against USD 10,604,000 a year ago. Net profit and other comprehensive income for the year were USD 9,973,000 or 17.7 cents per basic and diluted share against USD 8,743,000 or 15.9 cents per basic and diluted share a year ago. Net cash from operating activities was USD 10,301,000 against USD 8,728,000 a year ago. Purchase of property, plant and equipment was USD 1,948,000 against USD 1,973,000 a year ago. Adjusted EBITDA was USD 16,259,000 against USD 14,559,000 a year ago. RevPAR (revenue per available room) growth of 7.8% to USD 319 (2014: USD 296) reflecting strong average room rate performance and refurbishment programme.

Elegant Hotels May Acquire Properties In Barbados And Surrounding Islands

The Directors of Elegant Hotels Group PLC are of the opinion that profitability can be increased by, leveraging the Elegant's existing infrastructure, by enlarging the Elegant's hotel portfolio through management contracts and selective acquisition of additional properties in Barbados and surrounding islands.

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