–The hotel brand added eight new hotels to its portfolio in 2022, including UK locations —
International hotel group, Motel One, is ending its 2022 financial year on a high with a revenue increase of EUR 401 million and the addition of eight new hotels to its portfolio.
According to the brand’s recent Q4 report, revenue for the full 2022 business year rose to EUR 639 million, in comparison to EUR 238 million in 2021.
Last year, the Motel One Group revealed its best quarterly result in the company’s history, with 2022 Q3 results showing a revenue increase of nearly 40% from pre-Covid (2019) to EUR 202 million. The group is committed to resuming pre-pandemic levels of performance and occupancy in its hotels – with occupancy stats sitting at 74% in Q4.
Alongside the openings of hotels in Germany, Austria, Spain and the Netherlands, the brand also launched Motel One Manchester-St. Peter’s Square last year. Motel One currently has eight UK hotels, located in Edinburgh, London, Manchester, Newcastle and Glasgow.
Motel One is expected to welcome five new hotels to its portfolio this year in Rotterdam, Mannheim, Würzburg, Karlsruhe as well as the hotel group’s first Irish hotel in Dublin this spring.
The Cloud One Hotels, the chain’s new lifestyle brand, will also make its debut in Germany with locations in Hamburg-Kontorhaus and Düsseldorf-Kö Bogen. This follows the successful launch of the first-ever The Cloud One Hotel in Downtown New York on 1st December. The urban jungle-inspired hotel boasts a sixth-floor wine bar, lounge and terrace, and unobstructed city skyline views.
Daniel Müller, co-CEO of Motel One Group, said: “Our fourth quarter of 2022 painted a much more positive picture compared to the pre-pandemic levels of 2019. Our occupancy rate has remained at 74% and we’re on track to launch a further five hotels across Europe in 2023. We’ll also be introducing Europe to The Cloud One Hotels later this year – with our first two hotels set for Hamburg and Dusseldorf.”
In November 2022, the business scooped two Hospitality HR Awards, presented by the German Hotel Academy, in the Recruiting and Employee Retention and Development categories. In December, Motel One also received the Most Wanted Investment Partner 2022 award from the TREUGAST Solutions Group and a AAA ranking from the TREUGAST Rating 2022.
For more information on Motel One hotels across Europe, visit www.motel-one.com.