INTOSOL Holdings plc New Boutique Hotel in Cape Town Strengthens Portfolio
28 December 2018 - 6:00PM
UK Regulatory
TIDMINTO
INTOSOL Holdings Plc / Ticker: INTO / Index: LSE / Sector: Travel & Leisure
28 December 2018
INTOSOL Holdings Plc ('INTOSOL' or the 'Company')
New Boutique Hotel in Cape Town Strengthens Portfolio
INTOSOL Holdings Plc, the award-winning international luxury travel company, is
delighted to announce that it has added a sixth property to its portfolio of
owned and managed boutique hotels, the SOUL on Llandudno located in Cape Town,
in line with its strategy of increasing revenues and margins.
Highlights
* Excellent progress strengthening boutique hotel portfolio
* Agreement to manage luxury Cape Town hotel, SOUL on Llandudno
* Building +15,000-strong client base and strengthening sales team
* Pipeline of new travel experiences planned for 2019
* Continued strong market dynamics within high-end tourism sector
INTOSOL Executive Chairman, Rainer Spekowius, said: "Since listing in London in
October, we have made excellent progress developing our portfolio, building our
client base and strengthening our team. SOUL on Llandudno is an excellent
addition to our SOUL Private Collection and I am confident that given its
premier location, boutique interiors, high-end service and stunning views, it
will emulate the success of our highly cash-generative flagship property,
Oceans Wilderness, and provide further proof of our business concept. This
agreement follows the acquisition of a site for the development of the Leadwood
Safari lodge.
"Whilst INTOSOL expands both in our home market and into new markets, our focus
remains the same - to provide clients with a dedicated service, designing
bespoke, one-off travel experiences. In line with this, we are bolstering our
team of private travel designers to support our growing client base currently
standing at over 15,000. Our growth strategy is underpinned by strong market
fundamentals for high-end tourism and we are encouraged to note the proposed
$3.2billion acquisition of hotel group Belmond by LVMH, the world's largest
luxury group by revenues, which highlights the potential of this market.
"I'd like to take this opportunity to thank staff and shareholders for their
continued support during the year and I look forward to updating the market on
several exciting new travel experiences that are in the pipeline for 2019."
Development of the SOUL Private Collection
In line with its strategy focused on building its portfolio of owned and
managed boutique hotels, the SOUL Private Collection
www.soulprivatecollection.com, the Company has signed a two year contract to
manage a luxury hotel based in Cape Town, SOUL on Llandudno,
www.soulonllandudno.co.za.
SOUL on Llandudno has six spacious suites, all with impressive ocean views, and
is situated high above Llandudno Beach, considered one of Cape Town's best
beaches and top surfing spots. It is perfectly located for exploring Cape
Town's attractions being close to Camps Bay, Table Mountain and the Waterfront.
Guests receive high-end service in line with the SOUL Private Collection
ethos, with up to three members of staff for every guest.
Under the terms of the two-year management contract, INTOSOL will earn 35%
commission on revenue generated, with the seller maintaining any profit.
Furthermore, INTOSOL has an option to buy SOUL on Llandudno for ZAR 28
million, with any profits paid to the seller deducted from the purchase price.
Follow this link to view the Property's marketing video: https://bit.ly/
2zSeDOP.
This is the sixth property within INTOSOL's portfolio, which continues to
generate robust revenues and margins. As reported 14 November 2018, its
flagship property, Oceans Wilderness, generated revenue of ZAR 5,297,624 on an
83.7% gross margin and 42.6% pre-tax profit margin, significantly ahead of
internal expectations. This is in line with the steady growth trend within the
high-end tourism sector and underpins the Company's business model of providing
travel design to its growing client base, which currently stands at +15,000.
**ENDS**
For further information on INTOSOL visit the Company's website
www.intosolholdingsplc.com or contact:
Rainer Spekowius INTOSOL Holdings Plc Tel: +44 (0) 20 7236
Executive Chairman 1177
Charles Goodfellow / Martin Peterhouse Corporate Tel: +44 (0) 20 7220
Lampshire Finance 9791
(Corporate Broker)
Juliet Earl / Gaby Jenner St Brides Partners Ltd Tel: +44 (0) 20 7236
(Financial PR) 1177
Notes
INTOSOL Holdings PLC is a London listed international luxury travel company
that merges private travel design with hotel management and property ownership
to provide bespoke, high-end global travel experiences across the world. Its
profitable private design business which blends personal contact with
proprietary technology, VIRTOSOL, already services a growing client base of
over 15,000 and the Company is focussed on further expansion into
English-speaking markets. To increase margin and asset backing, it is building
its SOUL Private Collection of leased and owned boutique properties. In line
with this, it is in the process of purchasing and developing a number of sites
in South Africa including Oceans Wilderness, a luxury nine-bedroom boutique
hotel in the Garden Route and a commercial safari lodge in the renowned
Leadwood Big Game Estate, one of the premier places to see the Big 5.
The luxury travel market continues to grow and tends to be immune to economic
fluctuations, with high-end customers favouring bespoke and exclusive
experiences regardless of the greater economic climate. INTOSOL is ideally
positioned to capitalise on this trend and execute its growth strategy to
become a leading bespoke travel company with an international client base, a
global experience portfolio and a range of high-end properties across the world
providing high margin revenue and asset backing.
END
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