PARIS, FRANCE: Hoteles BESTPRICE, a boutique hotel chain listed on the EURONEXT PARIS stock market, has announced its best year in history, with a net revenue of €5.46 million in 2023, a 29% increase from the previous year. The company also achieved an operating profit of €2.1 million, a 35% increase from 2022.

The hotel chain, which operates six hotels in Spain, has also invested in three new projects in Madrid, Malaga, and Barcelona, aiming to double its EBITDA by 2026 and reach €10 million in revenue. The company expects to reach €7 million in revenue in 2024, with two new openings in Valencia and Santillana del Mar.

Hoteles BESTPRICE boasts an exceptional occupancy rate of around 95% throughout the year, as well as an average daily rate of €102.60 and a revenue per available room of €97.68. The company attributes its success to its innovative, unique, and exclusive concept, which offers deluxe rooms and first-class service at the best prices.

The hotel chain, which has 37 employees, has also celebrated its first anniversary as a listed company, with a 220% growth in market capitalization, reaching €66 million. The company debuted with a price of €1 per share and an initial capitalization of €20.4 million. The company’s ISIN code is ES0105664009 and its acronym on EURONEXT PARIS is MLHBP.

Hoteles BESTPRICE is a new player in the hotel industry market, with a vision to offer a high-quality and affordable experience to its clients, and an attractive growth model to its investors. The company plans to expand its portfolio and geographical scope in the coming years, with a pipeline of new hotels available on its website: https://hotelesbestprice.com/pipeline-hoteles-bestprice/

In the words of Oscar Sánchez, president of Hoteles BESTPRICE, “a beautiful year of consolidation of our business model and picking up speed of expansion with significant investments to double the company, growing with very good occupancy results and profits that allow us to undertake an exciting growth project with the incorporation of new hotel projects. Our proposal of deluxe stays combines modernity, excellence, comfort, and supreme quality of our human team.”

Summerset Group posts record profit and growth despite challenges