Elegant Hotels Group (AIM:EHG) trading in line…any shareholder perks?
The owner and operator of some stupendous looking hotels on the island of Barbados, issued a positive trading update for the year ending 30 September 2015. The prospective 6%+ dividend yield has its attractions but shareholders might also be encouraged to stay at one of its offerings!
Elegant Hotels owns and operates five luxury hotels and a beachfront restaurant, Daphne’s, on the island of Barbados. The Group’s portfolio comprises 483 rooms, which represents almost 25% of Barbados’ quality leisure tourist room stock. Four of the five Group hotels are situated along the prestigious west coast of Barbados commonly known as the “Platinum Coast”. The value attributed to Elegant’s portfolio as at 15 April 2015 was $235.5m. Trading since the interim results in June has remained solid and the operating results for the year ended 30 September 2015 are in line with expectations at the EBITDA and earnings…