14
MAIN FIGURES
HOTELS
COUNTRY
ROOMS
NH Trier
Germany
215
Hesperia London Victoria
United Kingdom
212
Hesperia Gelmirez
Spain
138
NH Praha Radlicka
Czech Republic
134
NH Mercader
Spain
124
NH Condor
Spain
78
Hesperia Sport Barcelona
Spain
63
NH Venus Sea Garden Resort
Italy
59
Hesperia Patricia
Spain
44
Hesperia Carlit
Spain
38
TOTAL EXITS
1,105
Exit from non-core hotels
Hotels exited by the NH Group in 2012
ASSET MANAGEMENT
One of the other important strategic initiatives
in 2012 was the continued streamlining of
NH’s hotel portfolio: the chain exited 10
establishments and cancelled two lease
arrangements.
2012
KEY
MILESTONES
Successful completion of the
refinancing process
Following the pertinent negotiations with its
creditor banks, NH Hoteles officially culminated
its refinancing process. The new notarised
agreement was signed by all 33 banks
holding
100%
of the debt subject to refinancing. The
transaction implied the refinancing of €729.8M
of corporate bank debt and another €75M of
debt at the Italian subsidiary level.
New appointments and corporate
governance model
NH Hoteles reformed its
corporate governance
model by appointing a new non-executive
Director to chair its highest governing body and a
new CEO, thereby splitting these roles and duties.
Organisational transformation
NH Hoteles overhauled its entire organisational
structure at a vigorous pace, aligning the
business model with its
multinational reality,
emerging consumer trends and its unwavering
commitment to efficient management. The
Group’s comprehensive overhaul was kick-started
with the introduction of various plans designed
to tackle its business development and sector
leadership from a position of strength, while
cushioning the consequences of the lingering
global recession which remains particularly
virulent in some of the Group’s core markets. The
Company focused its efforts on responding to
the challenges thrown up by the sector in terms of
efficiency,
sales strategy, technology, quality
standards
and its
online presence.
Hesperia Bilbao, Bilbao - Spain
PERFORMANCE OF OPENINGS AND INCORPORATIONS
Organic Growth
Acquisitions
Hesperia Incorporation
By number of rooms
2004
1,008
2011
1,416
2012
853
2005
2,329
2006
2,445
2010
2,101
2009
2,718
7,456
2008
3,048
2007
1,926
8,999
