New standard listing: Hostmore hopes for hospitality recovery

Hostmore has been spun out of Electra Private Equity and introduced to the premium list. The company’s brands are US-focused restaurants Friday’s, formerly TGI Friday’s and 63rd+1st, which is a cocktail-focused bar and restaurant. There are 87 restaurants in total with a new one due to open in Harrogate before the end of the year. The spend per site was £49,000 in 2019

Recent trading has been tough, but Hostmore has taken advantage of opportunities to new sites that will cost less to fit-out...

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