Switch Hospitality Management completed a tender process for Park Regis Birmingham along with 3 other management companies.
The owners of Park Regis selected Switch due to their commitment to double digit growth and they have been rewarded with:
- The Switch Hospitality proposal understood the banking covenants and expectations of the owners and committed to exceed those targets.
- In 2018/19 Switch exceeded all covenant targets and achieved an EBITDA figure 30% higher than the best comparison from the other two management companies.
- Park Regis EBITDA will increase by 100% from the 2018/19 financial year to the 2021/22 financial year.
- Park Regis is the No1 hotel in the UK & in Birmingham 2021 & 2022
- Park Regis has been chosen as an athletes village by the commonwealth games in 2022 (The only Birmingham Hotel)
- Park Regis remained open and in profit through the pandemic