Haldane McCall Plc: Haldane McCall PLC announces completion of Suru Express Hotel Ikeja, Lagos

Haldane McCall Plc / Key word(s): Product Launch/Miscellaneous

04.06.2012 / 13:14

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Press Release

Haldane McCall PLC announces completion of Suru Express Hotel Ikeja, Lagos

Haldane McCall PLC, a European Company investing in emerging markets Africa
today reports it has completed its second Suru Express Hotel in Lagos
Nigeria.

The hotel called Suru Express Ikeja, is a 35 bedroom budget hotel, situated
at the centre of Ikeja GRA Lagos. The new hotel will open to the public by
1st August 2012.
Investors are advised that this will have a positive impact on the bottom
line cash flow which currently stands at EUR8.9m (31 December 2011:
EUR6.7m)
  
ABOUT HMK 

Haldane McCall PLC is a European Company investing in emerging markets,
primarily in Africa. HMK invests in real estate in the low cost housing
segment in West Africa. The Group operates the Best Western hotel brand in
West Africa. The Company owns Best Western hotels and controls several
others via franchise licensing in Nigeria. HMK operates own Suru Express
hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru
Homes Ltd.) and dedicated financial services (Independent Prolific Micro
Finance Bank Ltd.) to provide a full package -from financing to sale- to
the lower income population in Africa. In addition HMK invests in real
estate and hotels in selected European metropolises.
Please send enquiries to: info@haldanemccallplc.com or
Visit our website: www.haldanemccallplc.com

Safe Harbor Statement; The statements contained herein are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the forward-
looking statements, including, but not limited to, certain delays beyond
the company's control with respect to market acceptance of new technologies
or products, delays in testing and evaluation of products, and other risks
detailed from time to time.


End of Corporate News

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172731 04.06.2012