Elegant Hotels

Background

Elegant Hotels owns five freehold hotels, rated four and five stars, in prime Barbados beach locations, one of the world’s leading holiday destinations. Investors can participate in an attractive, resilient and growing tourist market through the strongest positioned luxury hotel group, with some scope for organic and acquisition-driven growth and a proven business model. Management, owning a 5.3% shareholding, has demonstrated an enviable track record. Moreover the shares stand at a substantial discount to adjusted NAV and offer a prospective 7% dividend yield.