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United States

NH Hotel Group SA (NHH.MC)

NHH.MC on Madrid SE C.A.T.S.

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29 May 2017
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Latest Key Developments (Source: Significant Developments)

NH Hotels Q1 recurring net loss narrows to 27.7 mln euros
Thursday, 11 May 2017 02:25am EDT 

May 11 (Reuters) - NH HOTEL GROUP SA ::Q1 RECURRING NET LOSS 27.7 MILLION EUROS VERSUS LOSS 37.7 MILLION EUROS YEAR AGO.Q1 REVENUE 328.6 MILLION EUROS VERSUS 301.8 MILLION EUROS YEAR AGO.Q1 POSITIVE EBITDA AFTER ONE-OFFS 11.8 MILLION EUROS VERSUS NEGATIVE 3.5 MILLION EUROS YEAR AGO.Q1 REVPAR UP 11.9 PERCENT AT 56.6 EUROS VERSUS 50.5 EUROS YEAR AGO.REITERATES GUIDANCE FOR 2017 AND OUTLOOK FOR 2018.Q1 OCCUPANCY RATE AT 63.9 PERCENT VERSUS 60.2 PERCENT YEAR AGO.  Full Article

NH Hotels finalises agreement with Hesperia to manage 28 hotels in Spain
Thursday, 20 Apr 2017 01:34am EDT 

April 20(Reuters) - NH Hotels Group SA ::Said on Wednesday it signed the final agreement with Grupo Inversor Hesperia to rebranding and investing in repositioning its portfolio of hotels.The 28 Hesperia hotels total 4000 rooms and represent 30 pct of the portfolio operated under management contracts by NH Hotel Group.The new management contract represents for NH Hotel Group an estimated net contribution of 7.2 million euro($7.7 million) this year .  Full Article

DB announces results of tender for NH Hotels senior notes due 2019
Monday, 27 Mar 2017 06:16am EDT 

NH Hotel Group SA : Deutsche Bank AG, London Branch (the offeror), announces the indicative results of its invitation to holders of the 6.875% senior secured notes due 2019 to tender their notes for purchase by the offeror .The offeror received valid tenders of 121.5 million euros ($132.0 million) in aggregate nominal amount of the notes pursuant to the offer.  Full Article

NH Hotels completes issue of 115.0 mln euros in notes for debt refinancing
Monday, 27 Mar 2017 04:28am EDT 

NH Hotel Group SA : Said on Friday it signed a purchase agreement in which it will issue and Deutsche Bank AD London Branch will fully subscribe senior secured notes worth 115.0 million euros ($125.0 million) .New notes to be issued at 103.375 percent of nominal value which implies a yield to maturity of 3.17 percent.  Full Article

NH Hotels intends to issue up to 115.0 mln euros in notes for debt refinancing
Friday, 24 Mar 2017 04:00am EDT 

NH Hotel Group SA : Intends to issue simple senior secured notes totalling up to 115.0 million euros ($124.0 million), due 2023, with an annual interest of 3.75 percent .Says with the new issue and available cash intends to refinance 150.0 million euros of nominal aggregate amount of the senior secured notes due 2019, with an annual coupon of 6.875 percent.  Full Article

NH Hotels considers new senior secured notes issue to refinance debt
Monday, 20 Mar 2017 03:33am EDT 

NH Hotels Group SA : Sees to launch new notes issue, to run a partial refinancing of its 2013 notes . To issue 3.750 percent senior secured notes due in 2023 on the same terms as its 285 million euros issue from Sept. 2016 . Sees to refinance 150 million euros of the 250 million euros of senior secured notes due in 2019 with 6.875 percent interest .To offer 107.9 percent of the face value plus accrued and unpaid interest for the 150 million euros part of the issue due in 2019.  Full Article

NH Hotels reports 5.7 pct growth in FY revenue, proposes dividend
Tuesday, 28 Feb 2017 12:24pm EST 

NH Hotel Group SA : FY revenue 1.47 billion euros ($1.56 billion) versus 1.40 billion euros year ago . FY recurring net profit 11.5 million euros versus loss 2.7 million euros year ago . FY EBITDA excluding one-offs 180.9 million euros versus 149.5 million euros year ago . To propose first dividend since 2008 of 0.05 euros gross per share . Sees FY 2017 EBITDA at about 220 million euros - 225 million euros . Sees FY 2017 net financial debt to recurring EBITDA ratio at 3.0-3.25x . Sees cost savings of 7 million to 8 million euros a year in 2017 .FY REVPAR (revenue per available room) up 5.8 percent at 62 euros versus year ago.  Full Article

China's HNA Group lowers stake in NH Hotels to avoid mandatory takeover bid
Tuesday, 28 Feb 2017 05:23am EST 

HNA Group Co Ltd: Said on Monday it sold 541,931 shares of NH Hotels to avoid launching a mandatory takeover bid .After the sale, holds via Tangla Spain 102.8 million shares of NH Hotels, representing 29.34 percent of capital and 29.98 percent of voting rights in NH Hotels.  Full Article

NH Hotels proposes Ramon Aragones Marin as new CEO
Wednesday, 25 Jan 2017 08:46am EST 

NH Hotel Group SA :Board of Directors proposes nomination of its previous Executive Managing Director of Business & Operations Ramon Aragones Marin as new chief executive officer (CEO) to the general meeting.  Full Article

NH Hotel's new deal with Gihsa to bring around 7.2 mln euros in 2017
Monday, 5 Dec 2016 07:51am EST 

NH Hotel Group SA : Says new deal with Grupo Inversor Hesperia (Gihsa) to bring in 2017 around 7.2 million euros ($7.7 million) . To rebrand urban hotels of Gihsa to NH brand .To pay 31 million euros for early termination of current contract with Gihsa.  Full Article

More From Around the Web

BRIEF-NH Hotels finalises agreement with Hesperia to manage 28 hotels in Spain

* Said on Wednesday it signed the final agreement with Grupo Inversor Hesperia to rebranding and investing in repositioning its portfolio of hotels