Mint Hotels revenue jumps 7%

Mint Hotels revenue jumps 7%

Revenues at city centre hotel group Mint Hotels are reported to be 7% ahead of this time last year.

The figure came as the company opened its first overseas hotel in Amsterdam – the eighth in the portfolio.

Mint now operates 2,783 rooms of which almost half have been added in the past year creating more than 500 new jobs.

The company also announced that strategic review on “future options” for Mint being undertaken with advisors JP Morgan Cazenove was progressing well.

“The board is very positive about the future opportunities for the group,” said co-founder and chief executive David Orr.

Mint confirmed the appointment to the board of David Shearer, described an experienced director in both the listed and private equity arenas.

“David brings a wealth of business experience to the company as it looks to expand as a dominant hotel brand in key cities,” Mint said.

The opening of the hotel in the Dutch city follows the launch of the Tower of London Hotel last December, where midweek occupancy of 95% is being claimed.

Orr said: “This opening in the heart of Amsterdam is an exciting development in our history. It follows our successful rebranding in November 2010 and the opening of our Tower of London Hotel in December 2010.

“Customer feedback is exceptional and trading at the Tower of London has been very positive. We are also pleased with the performance of the rest of the group where revenues are currently 7% ahead of last year.

“We welcome David Shearer to the Board where he has already made a significant contribution in an advisory capacity.”


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