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Motel One grows to 50 hotels in 4 countries and further strengthens its future in Europe in the first half of 2014

Motel One, the German budget design hotel chain, released its 2014 half year financial statement this week showing impressive results, with financial figures and hotel numbers going from strength to strength.

Key Highlights in the first half of2014
• Motel One grows to 50 Hotels across 4 countries
• 4 new hotels opened with 1,249 rooms including Brussels and Edinburgh-Princes
• Realisation of EUR 114m sales (last year EUR 95m)
• After tax profits reach EUR 15m (last year EUR 14m)
• Occupancy continues to be high at 72%

The European hotel market as a whole, has displayed substantial growth so far in 2014 and Motel One supports these signs of growth with sales up 20% on last year. With new openings in Brussels and the opening of their second hotel in Edinburgh this year, along with 2 new Swiss locations confirmed (Zurich and Basel), the chain is showing no signs of slowing down. The number of hotels under development is currently 23 with 6,862 rooms. Growth until mid 2017 has been secured at a level of 73 hotels with approximately 18,400 rooms.

The addition of Motel One in Switzerland is an exciting development for the company. Its locations in Basel (scheduled for 2015 with 136 rooms) and Zurich (scheduled for 2016 with 380 rooms) have been secured together with Swiss Prime Site AG.

"The new Motel One provides Zürich and Basel with a hotel that offers guests a combination of smart design, high-quality interior, reasonable prices and prime locations" says Dieter Müller, CEO and founder of the German hotel chain.

During the second half of 2014 a further 6 hotels will be opened with 1,500 rooms in the following locations;
• Berlin-Leipziger Platz
• Bremen am Brill
• Wien-Staatsoper
• Magdeburg am Dom
• London-Tower Hill
• Prague

Such positive results show the company’s continued success in expanding this unique but budget friendly designer hotel chain concept. Its financial performance definitely promises a strong start to the second half of 2014.

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