NH Hotel Group

NH Hotel Group SA is a Spanish hotel chain headquartered in Madrid, that operates over 350 hotels in 28 countries.[2] NH offers mid-scale and up-scale modernly-furnished hotel rooms and lobbies, located primarily in Europe and Latin America. NH Hotel Group ranks third in the European ranking for business hotels. NH Hotel Group is listed on the Madrid Stock Exchange, where the shares of NH Hotel Group is a constituent of the Madrid Stock Exchange General Index. The shares are also traded on the OTC Market.

NH Hotel Group
public
Traded asBMAD: NHH
ISINES0161560018 
IndustryTravel, tourism
Founded1978
FounderAntonio Catalán Díaz
HeadquartersMadrid, Spain
Number of locations
380 Hotels
Key people
  • Alfredo Fernández Agras (chairman)
  • Ramón Aragonés Marín(CEO)
ProductsHotels and resorts, hospitality and other services for the public and private sectors
Number of employees
18,000
ParentMinor International
RatingB (Fitch Ratings, March 2017)[1]
Websitewww.nh-hotels.com

Since 2018, NH Hotel Group is part of MINOR Hotels. Minor Hotels manages more than 520 hotels, resorts and branded residences across five continents. Minor encompasses a total of 8 hotel brands, from luxury to mid-scale, as well as a collection of related hospitality businesses and partnerships with other hotel brands worldwide. Minor Hotels is part of publicly listed Minor International (MINT), one of the largest hospitality and leisure companies in the Asia Pacific region. Minor International is also known for its international retail and lifestyle brands, and its subsidiary, Minor Food Group, is one of Asia's largest restaurant companies, with more than 2100 outlets in 20 countries.


History

NH ("Navarra Hoteles", named after the region in Spain) was founded in 1978 by Antonio Catalán. Throughout the 1980s, 1990s and 2000s, it made a series of acquisitions (Jolly in Italy, Krasnapolsky in the Netherlands, Astron in Germany) which increased its size to close to 400 hotels. In 2014, three brands were created to commercialize its properties: NH Hotels, NH Collection and nhow.

The group has 380 hotels in 29 countries[3] with over 53,000 rooms.

Shareholders

As of 27 February 2017, HNA Group was the largest shareholder with 29.34% of shares.[4] However, after HNA Group acquired the competitor of NH Hotel Group, Carlson Rezidor Hotel Group, 4 directors of NH Hotel Group that were nominated by HNA Group were removed by the company in mid-2016.[1]

References

  1. "Fitch Revises NH Hotel Outlook to Positive; Affirms IDR at 'B'" (Press release). Fitch Ratings. 24 March 2017. Retrieved 26 July 2017.
  2. "Contact us." NH Hotels. Retrieved on 24 January 2011. "Address: Investor Relations Department c/ Santa Engracia 120 28003 Madrid."
  3. "NH Hotels – Hotel Directory". NH Hotels. Retrieved 15 November 2018.
  4. "Consolidated Financial Statements and Management Report 2016" (PDF). NH Hotel Group. 23 June 2017. Retrieved 25 July 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.