Qhotels group business settles in with £30m revenue hike

LEEDS hotel group Devonshire Point Group, which trades as Qhotels with 21 sites, has seen turnover increase £30m.

Non-annual accounting periods made it difficult to compare performances following its administration as part of a refinancing deal in 2013, but Qhotels said that growth in the spa market and a recovery in conferencing and events last year helped its continued improvement.

For the 62-week period to 3 January 2016, the hotel group turned over £168.5m and made a £4.1m pre-tax loss.

In the the last accounting period covering the 33 weeks prior to 28 October 2014, the company made revenues of £69.6m and a loss of £3.3m.

During the period, £12m was invested in its hotels, and a major £50m investment plan was announced last November.

At the same time, managing director of QHotels Michael Purtill said that with 12% growth in revenues, it was aiming for £200m in turnover this year.

Registered as Devonshire Point Group and trading as Qhotels, the company operates 21 hotels which are reported on in its results.There are 26 in the group but Stratton Point Group, which own the remainder, have accounts overdue at Companies House.

Yorkshire hotels under the brand’s umbrella include The Queens in Leeds, Tankersley Manor near Sheffield and Aldwark Manor Golf and Spa Hotel near york.

In November 2014 the company acquired six former De Vere Hotels and De Vere Luxury Lodges, and last year QHotels sold over one million rooms and reported a turnover of £132m, excluding the six De Vere properties.

In January 2013 QHotels Group Ltd was placed into administration as part of a refinancing deal.