NH will vote at the shareholders meeting to change its name to Minor Hotels Europe

The NH Collection and Nhow trademarks will remain unchanged

MADRID, 18 Abr. (EUROPA PRESS) -

NH Hotel Group, controlled since 2018 by the Thai group Minor Hotels, will vote at its next shareholders meeting to be held this Friday in Madrid to change its current corporate name to Minor Hotels Europe.

In this way, the group led by Ramón Aragonés will adopt in its corporate name the name of its owner, the Thai giant Minor Hotels, which holds 95.8% of the capital of the hotel group. The previous change of NH's corporate name took place in 2014, when it changed its name from NH Hoteles to NH Hotel Group.

According to the explanation offered by the group to the National Securities Market Commission (CNMV), the change in corporate name will allow the company to "benefit from a globally recognized corporate name", Minor Hotels, with the addition of the 'Europe' locator.

The NH Collection and Nhow trademarks will remain unchanged and Minor Hotels will continue to operate the Anantara, Avani and Tivoli brands.

Minor International, parent of Minor Hotels, completed a public acquisition offer (OPA) for NH Hotel Group in October 2018, which gave it control of more than 95% of the Spanish hotel company, after a total investment of 2,327 million euros. . Before the takeover bid, Minor already owned 46.38% of NH.

The Spanish hotel group registered a record net profit of 128.1 million euros in 2023, which represents an increase of 27.7% compared to the previous year. Its income, also in record figures, rose by 23%, reaching 2,163 million euros, 26% above pre-pandemic data.

The initials NH come from Navarra Hotels. The hotel group, founded by Antonio Catalán, began its journey in 1978 with the Ciudad de Pamplona hotel and today has more than 350 hotels in 28 countries.

The current owner of NH Hotel Group, Minor, currently has more than 540 hotels in 56 countries and has set a goal of adding more than 200 properties to its global portfolio over the next three years.

Along with the change of company name and the approval of the 2023 accounts, the general meeting of shareholders of NH Hotel Group will vote on the re-election of Stephen Andrew Chojnacki, William Ellwood and Heinecke and Emmanuel Jude Dillipraj Rajakarier as proprietary directors for a period of three years .

Likewise, the re-election of Rufino Pérez as executive director for a period of three years will be voted on and the ratification of the appointments, by co-option and with the qualification of independent directors, of Miriam González-Amézqueta, Tomás López Fernebrand and María will be put to a vote. Segimón de Manzanos.

It will also be delegated to the board of directors so that it can increase the capital, one or more times and at any time, within a period of five years, and so that it can issue obligations, convertible bonds, shares, as well as warrants, as well. in a maximum period of five years.