Motel One has reported a positive Q3 with a sales increase by 19% to £114m from £8.7m in the previous year.
Q3 saw Motel One open its third hotel in Scotland next to Glasgow station. At 374-rooms, it is Scotland’s largest hotel and received investment of around £36.6m by Motel One Real Estate GmbH.
For the period, the average occupancy was 80.3%, slightly above the previous year’s level of 79.4%.
The company showed EBITDA rose by 25% to £41m (previous year: £32m).
Motel One has 66 hotels and 18,438 rooms, further cementing its position in the European hospitality market. Beyond Germany, it has 21 hotels with 6,068 rooms in operation (previous year: 17 hotels with 5,005 rooms), which makes up a third of the total number of hotels in operation. Motel One pictured in Manchester.
The development pipeline consists of 28 hotels with 9,322 rooms (previous year 30 hotels with 9,527 rooms), a testament to the group’s steadily growing portfolio. The fourth quarter of 2018 will see new openings in Munich, Cologne, Frankfurt, Bonn and Leipzig.