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 was founded in 1998 and is headquartered in St James, Barbados.
Tamarind Cove Hotel
St James, 24023
Founded in 1998
Elegant Hotels Group plc Signs Management Contract in Antigua
Nov 8 16
Elegant Hotels Group plc announced that it has signed a management contract with Hodges Bay Resort in Antigua. Hodges Bay Resort is currently under construction and is expected to open its doors in mid to late 2017, when it will be branded as "Hodges Bay Resort & Spa by Elegant Hotels". It will be a 122-room luxury beachfront resort, spa and residential development in a prime location on the popular north shore of Antigua. It is ideally located for many of the island's main attractions, and is within easy reach of both V.C. Bird International Airport and the island's capital, St. John's. The accommodation choices will include stunning ocean-front apartments and villas, as well as executive suites and penthouses. The property will be a breakfast-inclusive hotel with various high-end dining choices and a self-catering option for the villa occupants. Other features of the property include a heated ocean-side infinity pool, a heated lounge pool, a luxury five-therapy room spa with advanced technology hydro pool, three dining outlets, a coffee shop, an al-fresco all-day poolside grill, six bars, and a wide range of water-sport and other fitness, leisure and entertainment facilities. In addition, guests will be able to take advantage of the usual Elegant Signature activities, including free water-sports, free Wi-Fi, beach and pool Ambassador service, kids and teens clubs, and bespoke tours and daily activities.
Elegant Hotels Group Plc Announces Second Dividend for the Year Ended September 30, 2016; Provides Revenue Guidance for the Year Ended September 30, 2016; Announces Agreement to Bring New Hotel in Antigua
Oct 14 16
Elegant Hotels Group Plc announced that the Board has paid an interim dividend for the period to September 30, 2016 of 3.5 pence per ordinary share. The board intends to follow this with a second dividend of 3.5 pence in February 2017, representing a total of 7.0 pence per ordinary share for the year ended September 30, 2016.
The company provided revenue guidance for the year ended September 30, 2016. The Board believes it is prudent to have a cautious outlook, with Group revenue for the current year currently expected to be broadly flat in comparison with the fiscal year 2015.
The company also announced that it has reached an agreement in principle to bring a 123-room luxury hotel in Antigua into Elegant Hotels' portfolio under a management contract. The hotel is currently under construction and is expected to open its doors in mid to late 2017. The 193 rooms that will be added to Elegant Hotels' portfolio as a result of the Waves acquisition and the New Management Contract represent a 40% increase since the company's admission to AIM in May 2015.
Elegant Hotels Group plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2016; Declares Interim Dividend, Payable on July 15, 2016; Provides Earnings Guidance for the Full Year to 30 September 2016
Jun 14 16
Elegant Hotels Group Plc reported unaudited consolidated earnings results for the six months ended March 31, 2016. For the period, the company reported revenue of USD 36,481,000 against USD 36,427,000 a year ago. Operating profit was USD 17,732,000 against USD 14,061,000 a year ago. Profit before taxation was USD 16,986,000 against USD 12,137,000 a year ago. Net profit and other comprehensive income attributable to equity holders of the parent company were USD 13,589,000 or 15.3 cents per basic and diluted share against USD 9,973,000 or 17.6 cents per basic and diluted share a year ago. Net cash from operating activities was USD 11,235,000 against USD 12,225,000 a year ago. Purchase of property, plant and equipment was USD 2,041,000 against USD 1,948,000 a year ago. Adjusted EBITDA was USD 16,691,000 against USD 16,259,000 a year ago. Adjusted operating profit was USD 15,097,000 against USD 14,721,000 a year ago. EBITDA was USD 19,326,000 against USD 15,599,000 a year ago. Net debt was down USD 42.0 million to USD 54.8 million (first half of 2015: USD 96.8 million) due to the use of the IPO proceeds, partially offset by increased borrowings of USD 20.5 million for Waves Hotel & Spa.
The interim dividend for the period of 3.5 pence per share will be paid on 15 July 2016 to shareholders on the register on 24 June 2016, and the Company's ordinary shares will become ex-dividend on 23 June 2016.
With the major booking period now over, the Board expects full year like for like sales to be slightly below fiscal year 2015, and consequently adjusted EBITDA for the full year to 30 September 2016 is now expected to be between USD 20 million and USD 21 million.