Fattal makes £930m takeover bid for PPHE hotel group

PPHE hotel group has received a £930m takeover bid from Fattal hotel group.

The board of PPHE, whose UK portfolio includes Art’otel London Battersea, Art’otel London Hoxton, Park Plaza Westminster Bridge and Park Plaza Riverbank, has determined the bid “represents fair value”.

In response, it has formed an independent offer committee, while it engages with shareholders.

Israel-based Fattal’s offer for the business represents a valuation of £22 a share.

Fattal has confirmed it is in discussions with the PPHE board “with a view towards announcing a firm offer within the next four weeks”.

Fattal, whose brands include Leonardo and NYX, operates across 20 countries.

PPHE is an international hospitality real estate company with a £2.2b portfolio of primarily freehold and long leasehold assets in Europe.

It announced in November 2025 it was to undertake a strategic review ahead of a potential sale of the business.

At the time, founder Eli Papouchado and PPHE president Boris Ivesha, who collectively own 44% of the voting rights, approved the strategic review.

PPHE reported that like-for-like revenue rose by 3.7% to £457m in 2025.