NH Hotel Group

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NH Hotel Group, S.A.
public Sociedad Anónima
IndustryTravel, tourism
Founded1978
FounderAntonio Catalan Diaz
HeadquartersMadrid, Spain
Number of locations
380 Hotels
Key people
  • Alfredo Fernández Agras (Chairman)
  • Ramón Aragonés Marín(CEO)
ProductsHotels and resorts, hospitality and other services for the public and private sectors
Number of employees
18,000
RatingB (Fitch Ratings, March 2017)[1]
Websitenh-hotels.com

NH Hotel Group SA (BMADNHH) 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. 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).

History[edit]

NH ("Navarra Hoteles", named after the region in Spain) was founded in 1978 by Antonio Catalán. 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, three brands were created to commercialize its properties: NH Hotels, NH Collection and nhow.

The group has 375 hotels in 29 countries[3] with over 53,000 rooms.

Shareholders[edit]

As of 27 February 2017, HNA Group was the largest shareholder with 29.34% of shares.[4] 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[edit]

  1. ^ a b "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 15 November 2018.
  4. ^ "Consolidated Financial Statements and Management Report 2016" (PDF). NH Hotel Group. 23 June 2017. Retrieved 25 July 2017.

External links[edit]