From budget to stock market: Motel One writes history
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Breaking News: Motel One to go public
Since announcing its new record turnover of 852 (previous year: 639) million euros today, Motel One is on its way to the IPO. The company value has thus risen to 4.1 billion euros thanks to a share buyback.
Record revenue paves the way to stock exchange
Motel One Q4 and FY 2023: The German Motel One Group continues its success story and closes the financial year 2023 with record revenue of EUR 852 million (previous year: EUR 639 million), an increase of around 33% on the previous year. EBITDA rose by 64% to EUR 281 million (previous year: EUR 171 million). Earnings before taxes (EBT) almost doubled in 2022, rising to EUR 226 million (previous year: EUR 116 million). The Motel One Group thus closed the most successful financial year in the company's history.
Between lifestyle and space efficiency
An overnight stay in Europe's first The Cloud One in Hamburg costs only €10-20 more per room than in the budget design hotel Motel One. On the other hand, breakfast is twice as sumptuous, and a number of the new brand's hotels in southern countries will also have a rooftop pool. Is this lifestyle brand shaking Motel One's profitable space efficiency? Never, management says.