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Motel One HY revenues rise 7.5% as European expansion continues

Motel One HY revenues rise 7.5% as European expansion continues

In this episode we speak to brothers Alex and Adrien Grosjean, young entrepreneurs who have recently acquired The Residence Inn by Marriott Manchester Piccadilly. We discussed the reasons why Manchester’s visitor market is booming, and their decision to invest in this area, why they see extended-stay accommodation as a major opportunity in what is one of the UK's fastest-growing cities, how they plan to enhance their portfolio of hotels, and their advice for the next generation of hospitality disruptors.

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-based hotel operator said it now has a contractually secured portfolio of 134 hotels with nearly 38,000 rooms. New properties in Paris and Vienna, along with its entry into the Portuguese market, have supported the group’s expansion strategy.

Motel One opened a new site in Paris in July, with further openings planned in Vienna’s Donau City and Lisbon in 2025. The Lisbon project, The Cloud One Lisbon, will be the group’s first property in Portugal.

The Cloud One Hotels, launched in 2022, doubled its number of operating properties year-on-year, from three to six. The brand now operates in cities including New York, Hamburg, Gdańsk and Prague, targeting travellers seeking “a design-led atmosphere and distinctive ambience”, the company said.

Motel One said it now runs 55 hotels outside Germany – six more than a year earlier – with international properties making up 40% of its secured room portfolio.

Second-quarter results showed the company maintained stable occupancy at 69%, up from 68% the previous year, with RevPAR increasing from €93 (£80) to €96 (£82). Management EBITDA rose slightly to €113m (£97m) from €111m (£95m).

Stefan Lenze, co-chief executive of Motel One, said: “Travel to Europe’s cities is back, and our hotels are the perfect place for it: central, stylish and affordable.

“Our brand proves its appeal even without major events – that’s a genuine stress test we have passed with flying colours.”

Founded in 2000, Motel One operates 100 hotels with more than 28,000 rooms in 13 countries.

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