PPHE Hotel Group Limited Acquisition of freehold site (2002V)
02 December 2019 - 6:00PM
UK Regulatory
TIDMPPH
RNS Number : 2002V
PPHE Hotel Group Limited
02 December 2019
PPHE Hotel Group Limited
("PPHE Hotel Group" or the "Group")
Acquisition of freehold site
PPHE Hotel Group, the international hospitality real estate
group which owns, co--owns and develops hotels, resorts and
campsites, is pleased to announce that it has acquired the freehold
interest in a site located in London SE1 (the "Site") with a view
to developing the Site into a hotel, subject to planning permission
being obtained.
The Site was acquired from a third party seller at a total
investment of GBP12 million (excluding taxes and associated costs)
funded from the Group's existing cash. The Group acted quickly to
secure this attractive opportunity, which is situated near to Park
Plaza London Waterloo. The acquisition is aligned to PPHE Hotel
Group's proven development strategy of targeting real estate in
prime locations and attractive geographies where there is
significant upside potential to drive growth and long-term value
through both the property portfolio and operations.
Enquiries:
PPHE Hotel Group Limited
Daniel Kos, Chief Financial Officer & Executive
Director
Robert Henke, Executive Vice President of Commercial Tel: +31 (0)20 717
and Corporate Affairs 8600
Lisa Woodman, Director of Corporate Communications Tel: +44 (0)20 7034
4800
Hudson Sandler Financial Public Relations
Wendy Baker / Lucy Wollam Tel: +44 (0)20 7796
4133
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.7 billion portfolio (valued as at summer of
2019) of primarily prime freehold and long leasehold assets in
Europe.
PPHE Hotel 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.
PPHE Hotel 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(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) brands.
This multi-brand approach enables PPHE Hotel Group to develop and
operate properties across several segments of the hospitality
market.
PPHE Hotel 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. PPHE
Hotel Group's development pipeline includes two new hotels in
London and one in New York City which are expected to add an
additional 600 rooms by the end of 2022/2023.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange and a constituent of the FTSE
250. PPHE Hotel Group also holds a controlling ownership interest
in Arena Hospitality Group, whose shares are listed on the Prime
market of the Zagreb Stock Exchange.
Company websites
www.pphe.com
www.arenahospitalitygroup.com
For reservations
www.parkplaza.com
www.artotels.com
www.arenahotels.com
www.arenacampsites.com
For images and logos visit
www.vfmii.com/parkplaza
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END
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