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NH Hotel maintains 2018 guidance, provides 2019 forecast

NH Hotel Group is maintaining its 2018 earnings before interest, taxes, depreciation and amortization target of €260 million.

The company said the target is on track despite the leaseback deal for its hotel in Amsterdam and the possible refurbishment of its New York hotel.

For 2019, the company expects pro forma EBITDA of roughly €300 million and recurring net profit of roughly €100 million.