Exclusive Agreement with Thomas Cook

RNS Number : 3780J

Clear Leisure PLC

16 July 2013

 



16 July 2013

Clear Leisure Plc

("Clear Leisure" or "the Company")

ORH SpA: EXCLUSIVE AGREEMENT WITH THOMAS COOK GROUP PLC

Thomas Cook Group plc ("Thomas Cook") and the Company's 73.43 per cent. owned Italian hotel management company, ORH SpA, have signed an important agreement on the Watamu Bay Resort Hotel in Kenya.  Thomas Cook, one of the world's biggest tour operators, will be entitled to the exclusive booking rights in all main European markets for the Watamu Bay Resort Hotel, one of the hotels managed by ORH SpA.

Commercialisation of the hotel will be through all European Thomas Cook brands and the exclusivity agreement will run between 1 November 2013 and 20 December 2015. In Italy the resort will still be booked through Italian operators.

This important first step for the Ora Hotels brand, to sell its holidays outside its home market of Italy, shows the quality of the holiday products sold by ORH and is the start of its strategy to enlarge the customer base for Ora Hotels across Europe.

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For further information please contact:

Clear Leisure Plc                                                                                            [phone]

Alfredo Villa, CEO

Westhouse Securities                                                                               [phone]

Antonio Bossi

Jonathan Haines

Ian Napier

Leander PR                                                                                               [phone]

Christian Taylor-Wilkinson

About Clear Leisure Plc

Clear Leisure Plc (AIM: CLP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy but also other European countries. The Company may be either a passive or active investor and Clear Leisure's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions. For further information, please visit, www.clearleisure.com

 

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