Hotel Directors Meeting March 2020

Update from Quorn Grange Hotel covering February 2020.

Hotel Leadership team The team met on the 10 th February and all team meeting dates confirmed (Minutes circulated by IR).

Site

Confirmation that all site recharges covering the following have been set up

(See attached document for full breakdown)

 Site Maintenance  ET rent  Finance and marketing, H/R support. ( includes Georgia marketing support)  Confirmation of daily rate for GFTU Classrooms

Hotel Trading

Trading for February is below budget with one of the main contributing factors the loss of the weekend booking of all the bedrooms and function areas weekend of the 21 st and 22nd of February. The booking was cancelled 2 weeks prior to the event and offers were immediately marketed throughout the movement and the general public and rates were flexed accordingly to mitigate the loss. The mix of business throughout the month continues to build covering all Market segments, Corporate accounts, affiliated unions, non-affiliated unions, weddings, local Food and beverage and Sunday Lunches, and Valentine evening both dinner and rooms. Total sales for the month were £141 k this figure is down against budget by £27 K. The average room rate came in behind budget at £63.00 compared to the budget of £67.00 per night. The average room rate is down as a direct result of flexing the rate and the special offer over the weekend of the cancellation. Occupancy for the month was 65% again down by 9% on budget. Attached Business mix of accommodation from Rezlynx.