• Market capitalisation of €20.4 million on the day of listing
  • 61st listing on Euronext in 2022

Paris – 6 October 2022 Euronext congratulates Hoteles BESTPRICE, a Spanish boutique hotel chain with a unique accommodation concept that offers value-for-money services, on its listing on Euronext Access Paris (ticker code: MLHBP.PA).

Hoteles BESTPRICE broke into the hospitality market in 2014 with an exclusive deluxe concept designed to offer maximum comfort and quality rooms for all customers. Hoteles BESTPRICE provides the best hotel rates together with modern facilities design and agile, customized and professional service from highly-skilled reception personnel. The company has four fully-operational hotel properties, BESTPRICE Diagonal and BESTPRICE Gracia, both in the city of Barcelona, BESTPRICE MADRID Alcalá and BESTPRICE Girona.

Hoteles BESTPRICE’s listing on Euronext Access Paris was completed through the admission to trading on 6 October 2022 of its 20,400,000 ordinary shares, through the direct listing procedure. The reference price was set at €1 per share. Market capitalization was €20.4 million on the day of listing.

Óscar Sánchez, president of Hoteles BESTPRICE, said: “Trading on Euronext will allow us to accelerate our growth and expand our presence in more cities in Southern Europe. We aim to be a reference in the urban hotels category. Our value proposal is modernity, excellence, comfort and the supreme quality of our human team. We look for new investors and partners to grow.»