easyHotel plc confirmed the completion on the acquisition of Cardiff, following the grant of planning permission and announces a further 174 rooms (five hotels) under development by its Swiss franchisee. The group announced on 30 October 2017 the acquisition of a freehold site in Cardiff. Planning permission for a 120-bedroom hotel has now been granted. Development work for the new purpose-built site, which is located at Fitzalan Place, just 0.3 miles from Cardiff Queen Street Station will now begin and the hotel is anticipated to open in the 2019/20 financial year. The group also confirmed that it has signed an agreement for the development of a further 174 rooms in Switzerland with four hotels to be developed in Zurich and a further hotel in Basel. The hotels are being developed by the Group's Swiss franchisee and are anticipated to open over the course of the next 14 months. easyHotel Belfast will open on August 10, taking the total number of hotels in the Group's portfolio to 29. With the addition of the new hotels in Switzerland, the Group's development pipeline currently includes 1,280 owned/lease rooms and a further 1,956 franchise rooms now under development.