Catalonia Hotels’ Revenue Rises By 12% To €413M In 2016
8 February 2017 – Expansión
The hotel chain Catalonia Hotels recorded revenues of €413 million in 2016, which represented an increase of 12% with respect to the previous year. It also increased its EBITDA, by 15%, to €125 million.
Catalonia Hotels, which is owned by the Vallet family, is one of the most important hotel companies in Cataluña, with a portfolio comprising 66 establishments. The group focuses its growth primarily in Europe and the Caribbean. Last year, it invested €23 million remodelling some of its hotels and it plans to spend a similar amount this year.
Original story: Expansión
Translation: Carmel Drake