>A true financial success story. Full year Occpupancy of 250%
Japan Leisure Hotels (AIM: JPLH) announces its final results for the year ended 31 December 2008. JPLH’s current portfolio comprises 6 hotels with 242 rooms.
* Successful first full year of trading notwithstanding current economic climate; occupancy rates of the portfolio over 250% for 2008 *
* EBITDA margin before asset management fees increased to 34.5% in 2008 from 32% in 2007 *
* Cash from operations in 2008 of JP¥213 million (£1.1 million); cash position of approximately JP¥260 million (£2.0 million) as at 31 December 2008 with no debt