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Standard & Poor's raises the credit rating on NH Hotel Group to “B” with a stable outlook

• Improvements in the Group’s liquidity and stronger operating and financial performance among the reasons for the upgrade of the Group’s credit rating.

• With a stable outlook, S&P expects NH Hotel Group to continue improving its operating performance while controlling its costs, liquidity, working capital and investment in CAPEX.

• NH Hotel Group continues with the positive trend in the perception of its credit quality initiated with the recent rating assigned by Moody’s.

Madrid, August 2, 2016 - Standard & Poor’s has raised its long-term corporate credit rating on NH Hotel Group from “B-” to “B” with a stable outlook, as well as its senior secured debt from “B+” to “BB-”.

In a press release distributed today, Standard & Poor's highlights that the upgrade reflects the significant improvement in the Group’s liquidity and its stronger operating and financial performance, which exceeded the agency expectations, derived from the positive impact of NH Hotel Group’s 5 Year Strategic Plan.

The credit rating agency also considers that the outlook is stable and expects that NH Hotel Group will continue to improve its operating performance while controlling its costs, liquidity, working capital and CAPEX investment.

Last week, credit rating agency Moody’s assigned for the first time NH Hotel Group a corporate family rating of “B2”, thereby confirming the improvement of the Company’s credit quality in the third year of its strategic plan to transform the Company. This plan involves, among others, the repositioning of its portfolio, the optimization of its brands and the implementation of a new revenue management strategy, together with the reduction of its debt leverage.

About NH Hotel Group

NH Hotel Group (www.nhhotelgroup.com) is a consolidated multinational operator and one of the world’s leading urban hotel groups. The Company operates close to 400 hotels with almost 60,000 rooms in 30 countries across Europe, America, Africa and Asia, including top city destinations such as Amsterdam, Barcelona, Berlin, Bogota, Brussels, Buenos Aires, Düsseldorf, Frankfurt, London, Madrid, Mexico City, Milan, Munich, New York, Rome and Vienna.

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About NH Hotel Group

Over NH Hotel Group

NH Hotel Group is beursgenoteerd in Spanje met bijna 400 hotels in 30 landen in Europa, Afrika en Noord- en Zuid-Amerika. Onder de NH Hotel Group vallen de 3- en 4-sterren urban NH Hotels, de NH Collection flagship hotels, de nhow designhotels en de Hesperia vakantieresorts. Wereldwijd staan meer dan 20.000 medewerkers dag en nacht klaar om de beste service tegen de beste prijs te leveren voor de jaarlijks ruim 16 miljoen gasten. De hotels van NH Hotel Group zijn bekroond met de Zoover Award voor Beste Hotelketen 2014, 2015 en 2016. Kijk voor meer informatie op www.nh-hotels.com en www.nh-collection.com.

About NH Hotel Group

NH Hotel Group is listed on the IBEX 35 stock exchange of Madrid and has nearly 400 hotels in 30 countries in Europe, Africa and North- and South-America. The portfolio of the NH Hotel Group includes the 3- and 4- star urban NH Hotels, the NH Collection flagship hotels, the nhow designhotels and the Hesperia holiday resorts. Worldwide more than 20.000 employees work day and night to deliver the best service for the best price to the 16 million guests the hotel chain welcomes yearly. The hotels of NH Hotel Group have been rewarded with the Zoover Award for Best Hotel Chain of 2014, 2015 and 2016. For more information, visit www.nh-hotels.com and www.nh-collection.com.

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