Motel One reports 10% sales increase for Q3 2016
German design-led budget brand Motel One has reported a sales increase of 10% for the third quarter of 2016 across its 55-strong portfolio.
Sales increased to €97m (£83.3m) from last year's figures of €88m (£75.6m), while EBITDA rose by 10% from €30m (£26m) to €33.5m (£29m).
Motel One opened a 222-bedroom hotel in Newcastle earlier this year, marking the fifth property for the business in the UK, alongside two hotels in Edinburgh and one each in Manchester and London.
The group said it was thanks to "good start-up phases" at this year's newly opened hotels, also including hotels in Basel, Munich and Stuttgart, that Q3 concluded with 80% occupancy across the group's hotels, up from 79% the year before.
The group's development pipeline consists of 25 new hotels including a second Manchester property due to open in 2017 and a hotel in Glasgow due to open in 2018.
The report stated the group was "delighted" to report positive sales figures "despite the challenging market conditions brought on by Brexit".
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