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Mövenpick in line with its objective

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Published on 02/04/07 - Updated on 17/03/22

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With overall sales of € 437million Mövenpick Hotels & Resorts was able to improve its EBITDA by 22 % to 11.2 million. In addition to the opening of four hotels, management agreements were signed for a total of nine new projects in 2006. At the end of 2006, the group’s portfolio comprised 58 hotels and around 13,800 rooms. Currently, Mövenpick Hotels & Resorts has a total of 30 projects in the development or construction phase and is thus well on the way to reaching its stated target of expanding its portfolio to 100 hotels worldwide by 2010.With overall sales of € 437million Mövenpick Hotels & Resorts was able to improve its EBITDA by 22 % to 11.2 million. In addition to the opening of four hotels, management agreements were signed for a total of nine new projects in 2006. At the end of 2006, the group’s portfolio comprised 58 hotels and around 13,800 rooms. Currently, Mövenpick Hotels & Resorts has a total of 30 projects in the development or construction phase and is thus well on the way to reaching its stated target of expanding its portfolio to 100 hotels worldwide by 2010.

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