EasyHotel submits planning application for Paris development

Budget accommodation operator EasyHotel has submitted a planning application for a new 209-room new-build hotel near Paris' Charles de Gaulle Airport.

EasyHotel has inked an exclusive letter of intent with Groupe ADP, the owner and operator of Paris' three main airports, for an operating lease agreement for the hotel, with the final agreement still subject to planning permission being granted and full legal documentation being agreed upon.

The AIM-listed firm's hotel will be opened in the 2020/21 financial year on the perimeter of Europe's second largest airport.

Chief executive Guy Parsons, said: "Following the recent opening of our 204-room hotel in Barcelona this project is early testament to our growing ambitions for the brand in Continental Europe."

"We see a number of attractive opportunities, particularly in France, Germany and Spain where the board believes there is potential for the brand to target 10 to 15 cities in each of these countries and we look forward to announcing further opportunities in due course."

As of 1015 GMT, EasyHotel shares had slipped 1.73% to 85p.