Whitbread bets on a sale and leaseback strategy to drive its growth
📈 Whitbread, Premier Inn's parent company, is selling £1 billion in properties for its five-year growth strategy. Revenue fell 1% to £2.92 billion for the 52 weeks ending 27 February 2025, with UK Premier Inn sales down 3% to £2.69 billion. Adjusted profits dropped 14% to £483 million; statutory pre-tax profits decreased 19% to £368 million. The company plans 1,000-1,200 new UK rooms and a £250 million share buyback. Premier Inn Germany grew 21% to £231 million, cutting losses and projecting £5-10 million adjusted profits this year. Whitbread sold two hotels for £56 million, targeting a £2 billion raise for expansion and shareholder returns.
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