HOTELS BESTPRICE ANNOUNCES THE START OF WORKS FOR ITS NEW HOTEL PROJECT IN LOGROÑO

Issuer

HOTELES BESTPRICE S.A.

The redevelopment of the former Casino Sagasta marks a new milestone in the Company's growth pipeline.

Hoteles BESTPRICE, S.A. (ISIN: ES0105664009 | Ticker: MLHBP), listed on Euronext Paris, informs shareholders and investors that construction works have commenced on the redevelopment of the historic former Casino Sagasta building, located in Calle Sagasta, in the historic center of Logroño, Spain.

The project represents a significant milestone within the Company's expansion strategy and follows the granting of the necessary planning and construction permits obtained earlier this year. The asset will be transformed into a new BESTPRICE boutique hotel comprising approximately 63 rooms and is expected to open during the second quarter of 2027.

The investment associated with the project is estimated at approximately €5 million and forms part of Hoteles BESTPRICE's ongoing strategy of acquiring and developing high-quality hospitality assets in prime urban locations across Spain.

Located in one of the most emblematic buildings in the city, the future hotel will contribute to the regeneration of a landmark property while strengthening Logroño's tourism infrastructure. The redevelopment will preserve key architectural and heritage elements of the building, including its protected façade and other historic features.

The project is expected to create employment, stimulate local economic activity and further reinforce the Company's presence in strategic provincial capitals with strong tourism fundamentals. Logroño continues to experience sustained growth in visitor numbers and hotel demand, supporting the long-term attractiveness of the investment.

This development forms part of Hoteles BESTPRICE's broader growth plan, which combines organic expansion, new hotel openings and the selective incorporation of high-potential hospitality assets. Upon completion, the Logroño property will further strengthen the Company's portfolio and contribute to future revenue and earnings growth.

Hoteles BESTPRICE remains committed to delivering sustainable long-term value creation for shareholders through disciplined expansion, operational excellence and investment in strategic hospitality assets.

Hoteles BESTPRICE, S.A.
ISIN: ES0105664009
Ticker: MLHBP
Market: Euronext Paris

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