NH Hotel Group

NH Hotel Group, S.A.
public Sociedad Anónima
Industry Travel, tourism
Founded 1978
Founder Antonio Catalan Diaz
Headquarters Madrid, Spain
Number of locations
 380 Hotels
Products Hotels and resorts, hospitality and other services for the public and private sectors
Number of employees
 18,000
Rating B (Fitch Ratings, March 2017)[1]
Website www.nhhotelgroup.com

NH Hotel Group (officially NH Hotel Group SA, BMAD: NHH) is a Spanish-based hotel chain headquartered in Madrid.[2] NH offers moderately priced and 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. The group has 380 hotels in 29 countries[3] with over 53,000 rooms. In 2016, China becomes the 30th country that NH Hotel Group enter. It expects to open two hotels in Haikou and Sanya in the second half of 2016. It has 54 projects for new hotels under construction, which would add almost 8,000 new rooms.

NH Hotel Group is listed on the Madrid Stock Exchange, where it is a member of the Madrid Stock Exchange General Index, and is also quoted on the New York Stock Exchange (OTC Market).

NH ("Navarra Hotels", named after the region in Spain) was founded in 1978 by Antonio Catalan. 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, four brands were create to commercialize its properties: NH Hotels, NH Collection, nhow, and Hesperia Resorts.

The company was severely affected by the economic crisis and changed top management often: Gabriele Burgio (now Alpitour), Mariano Pérez Claver (ex Bankia) and Federico González Tejera (now Carlson). The latter managed to steer the company throughout a strategic plan.[4]

Shareholders

As of 27 February 2017, HNA Group was the largest shareholder for 29.34% shares.[5] However, after HNA Group acquired the competitor of NH Hotel Group, Carlson Hotels Inc., 4 directors of NH Hotel Group that were nominated by HNA Group were removed by the company in mid-2016.[1]

References

  1. 1 2 "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 19 December 2015.
  4. ↑ Diego, Enrique de; Susaeta, Lourdes; Arboledas, José Ramón Pin; Ruz, Esperanza Suárez (2016-11-17). "NUEVO RUMBO ESTRATÉGICO Y REESTRUCTURACIÓN: EL CASO NH HOTEL GROUP". Universia Business Review (in Spanish). 0 (52). ISSN 1698-5117. doi:10.3232/UBR.2016.V13.N4.03.
  5. ↑ "Consolidated Financial Statements and Management Report 2016" (PDF). NH Hotel Group. 23 June 2017. Retrieved 25 July 2017.
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