PPHE Hotel Group

Last updated
PPHE Hotel Group
Company type Public
LSE:  PPH
ISIN GG00B1Z5FH87
Industry Hospitality and real estate
Founded1989
HeadquartersGuernsey (registered office)
Key people
Eli Papouchado, Chairman
Boris Ivesha, CEO
BrandsPark Plaza Hotels and art'otel
RevenueIncrease2.svg £442.8 million (2024) [1]
Increase2.svg £89.4 million (2024) [1]
Increase2.svg £27.7 million (2024) [1]
Total assets Decrease2.svg £1,897.1 million (2024) [1]
Total equity Decrease2.svg £526.1 million (2024) [1]
Website pphe.com

PPHE Hotel Group Limited, formerly Park Plaza Hotels Europe, is an international hospitality real estate group. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The company was established by Eli Papouchado, an Israeli property developer, in 1989. [2] It was floated on the Alternative Investment Market in 2007 [3] and it signed a contract to open 20 hotels in Russia in 2008. [4]

In 2010, it opened a c.1,000-bedroom Park Plaza Hotel at Westminster Bridge in London [5] and, in 2013, it opened a 107-bedroom art’otel branded hotel in Amsterdam. [6] In 2016 the company announced its intention to develop the art'otel London Battersea Powerstation and the art'otel London Hoxton. [7]

Operations

The majority of the group’s hotels operate under the Park Plaza Hotels & Resorts brand (part of Radisson Hotel Group), over which the Group has exclusive rights in countries in Europe and the middle east. [8]

References

  1. 1 2 3 4 5 "Annual Results 2024". PPHE Hotel Group. Retrieved 27 February 2025.
  2. ↑ "PPHE Hotel Group" (PDF). Edison. 1 May 2019. p. 7. Retrieved 17 June 2019.
  3. ↑ "Eli Papouchado to float hotel co Park Plaza in London". Globes. 20 June 2007. Retrieved 17 June 2019.
  4. ↑ Jones, Marc (17 April 2008). Bryar, Quentin (ed.). "UK's Park Plaza to open 20 Russian hotels". Reuters. London. Retrieved 4 February 2019.
  5. ↑ "800 new jobs at South Bank hotel". London SE1. Retrieved 17 June 2019.
  6. ↑ "Amsterdam to welcome art'otel in 2013". Sleeper. 29 November 2012. Archived from the original on 2 March 2020. Retrieved 17 June 2019.
  7. ↑ "PPHE to open two London hotels in 2019". Food Service News. 7 April 2016. Retrieved 17 June 2019.
  8. ↑ "Park Plaza Merges Europe /Middle East Operations with Partner" (Press release). Scottsdale, Arizona: Park Plaza Worldwide. November 1, 2000. Archived from the original on October 21, 2002. Retrieved January 31, 2019.

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