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
Executive Chairman |
INTOSOL Holdings
Plc |
Tel: +44 (0) 20 7236
1177 |
Charles
Goodfellow / Martin Lampshire
(Corporate Broker) |
Peterhouse
Corporate Finance |
Tel: +44 (0) 20 7220
9791 |
Juliet
Earl / Gaby Jenner
(Financial PR) |
St Brides Partners
Ltd |
Tel: +44 (0) 20 7236
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.