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Firmdale Hotels report record £232m turnover
EBITDA rose 5.1% to £33 million as the hotel group expanded in London and New York and kept investing in new properties.
- Firmdale reported record turnover of £232 million for the financial year ending 31st January 2026, a 5.3% increase. Chairman Tim Kemp said he was "delighted to report another record year."
- Group Earnings Before Interest, Tax and Depreciation rose 5.1% to £33 million, while conversion of hotel revenues to Gross Profit improved to 46.1%, reflecting operational strength.
- Firmdale operates 11 luxury hotels in London and New York with over 1,840 employees and received recognition in The Sunday Times Best Places for 2024 and 2025.
- Future expansion includes the Bedford Place Hotel, expected to open in 2027 as the group's 9th London property, plus a freehold site acquired on Shoreditch High Street in May 2025.
- Trading into 2026 continues to perform well in London and New York, while the group maintains property assets exceeding £1.2 billion and cash balances of £29.0 million.
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