Park Plaza Hotels
Telephone:020 7034 4800
Fax:020 7034 4819
Website:https://www.pphe.com/ (Opens in New Window)
PPHE Hotel Group Limited (‘PPHE’ or the ‘Group’) is an international hospitality real estate company, with a £1.6 billion portfolio of primarily prime freehold and long leasehold assets in Europe and an EPRA NAV per share of £24.21 as at 30 June 2018. The Group’s guiding principle is to generate attractive returns from operations and long-term capital appreciation. Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate. Its primary focus is full-service upscale, upper upscale and lifestyle hotels in major gateway cities and regional centres, as well as hotel, resort and campsite properties in select resort destinations. The Group benefits from having an exclusive and perpetual licence from the Radisson Hotel Group, one of the world’s largest hotel groups, to develop and operate Park Plaza® branded hotels and resorts in Europe, the Middle East and Africa. In addition, the Group wholly owns, and operates under, the art'otel® brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments® and Arena Campsites® brands. This multi-brand approach enables the Group to develop and operate properties across several segments of the hospitality market. The Group is one of the largest owner/operators of hotels in central London and its property portfolio comprises of 38 hotels and resorts in operation, offering a total of approximately 8,800 rooms and 8 campsites, offering approximately 6,000 units. The Group's development pipeline includes two new hotels in London which are expected to add an additional 500 rooms by the end of 2022. PPHE is a Guernsey registered company and its shares are listed on the Premium Listing segment of the Main Market of the London Stock Exchange. PPHE also holds a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, whose shares are listed on the Zagreb Stock Exchange.
Non-Executive Chairman: Eli Papouchado President & Chief Executive Officer: Boris Ivesha Chief Financial Officer & Executive Director: Daniel Kos Executive Vice President UK and Chief Commercial Officer: Greg Hegarty Executive Vice President Corporate Affairs and Customer Experience: Robert Henke Executive Vice President People & Culture | Head of HR: Jaklien van Sterkenburg General Counsel: Inbar Zilberman The Group is progressing with extensive renovation and repositioning programmes across several of its hotels in the United Kingdom and the Netherlands and it has identified several renovation opportunities across hotels in Germany and Croatia and campsites in Croatia. The Group's development pipeline includes two new hotels in London – art’otel london hoxton and art’otel London Battersea power station - which are expected to add an additional 500 rooms by the end of 2022. While the Group’s focus will continue to be on repositioning and developing its existing portfolio and committed pipeline, the Group’s strong cash position allows the Board to consider further asset acquisitions to broaden the Group’s portfolio.
The group aims to become a leading hotel owner/operator in the mid to upscale sector in Europe, the Middle East and North Africa and intends to have more than 8,000 bedrooms by 2010. In July 2007, the group announced that it would open another four hotels by the end of 2010 to take its total bedroom tally to 6,000. It has also signed franchise deals for another 12 hotels in Ireland, North Africa and the Gulf, which would add another 2,210 rooms to its portfolio. Hotels in the pipeline include:
- Park Plaza and art’otel Marrakech, Morocco (mid-2009)
- art’otel Cologne (2009)
- Park Plaza Westminster Bridge (2010)
- art’otel, Hoxton, London (2012)
- Park Plaza in Nuremberg
PPHE’s business model is centre around transferring hospitality real estate potential into value and profits. The Group creates shareholder value through developing, owning and operating hospitality real estate. It currently own or co-own the majority of its portfolio and has a proven track record in generating attractive operating returns and asset value appreciation. Typically, the Group acquires properties which it believes have significant upside potential. It embarks on a journey of (re)developing, redesigning and continuously improving the operation, creating significant value along every part of the value chain. This diligent process is managed by its experienced senior management team, consisting of specialists in every relevant discipline. Through refinancing its properties the Group is able to release capital for new investments, enabling further growth of our Group.
Full-year results to 31 December 2017 Occupancy: 77.3% (2016: 76.0%) Average room rate: £120.2 (2016: £111.0) RevPAR: £92.9 (2016: £84.4) UK hotels London: Park Plaza County Hall London, Park Plaza LondonPark Royal, Park Plaza London Riverbank, Park Plaza London Waterloo, Park Plaza Sherlock Holmes London, Park Plaza Victoria London, Park PlazaWestminster Bridge London, Plaza on the River London Outside London: Nottingham, Leeds and Cardiff Financial Snapshot: Full year 2017 Reported total revenue: £325.1 million (2016: £272.5 million) EBITDA: £107.3 million (2016: £94.1 million) Normalised profit before tax: £32.1 million (2016: £31.7 million) Half year 2018 Reported total revenue: £148.8 million (2017: £141.8 million) EBITDA: £40.6 million (2017: £39.9 million) Normalised profit before tax £5.1 million (2016: £3.1 million) Financial year end: 31 December 2017 Half-year end: 30 June 2018
Full year 2017 Reported total revenue: £325.1 million (2016: £272.5 million) EBITDA: £107.3 million (2016: £94.1 million) Normalised profit before tax: £32.1 million (2016: £31.7 million) Half year 2018 Reported total revenue: £148.8 million (2017: £141.8 million) EBITDA: £40.6 million (2017: £39.9 million) Normalised profit before tax £5.1 million (2016: £3.1 million) Financial year end: 31 December 2017 Half-year end: 30 June 2018
Address:County Hall – Riverside Building
2nd Floor, Belvedere Road, London