6 June 2019
PPHE HOTEL GROUP LIMITED
("PPHE Hotel Group" or the "Company")
Inclusion in the FTSE 250 Index
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 is to join both the FTSE 250 and FTSE All Share Indices.
The latest quarterly review by FTSE Russell, the global index provider, confirmed that the Company has met the requisite criteria and will be included as a constituent of both indices with effect from the start of trading on 24 June 2019.
This follows the transfer of PPHE Hotel Group's ordinary shares to the Premium Listing segment of the FCA's Official List in July 2018.
Boris Ivesha, President & CEO of PPHE Hotel Group said:
"Inclusion in the FTSE 250 is another significant corporate milestone for PPHE Hotel Group. This is the culmination of much recent corporate activity which has been focused on engaging with a wider potential investor base and improving liquidity. We look forward to continuing to widen our existing strong investor base in the years ahead.
PPHE Hotel Group's proven development strategy is to target real estate in prime locations and attractive geographies where we believe there is significant upside potential to drive growth and long-term value through both the property portfolio and operations. PPHE Hotel Group has a £1.6 billion portfolio (as valued in the summer of 2018) of primarily freehold and long leasehold assets in Europe in leading cities, urban markets and resort destinations.
We take an integrated and entrepreneurial approach and have a strong 30-year track record in creating value through owning, developing and operating hospitality real estate, a robust financial position and an attractive pipeline to deliver future growth in profits and real estate assets. We look forward to progressing these new opportunities along with our committed repositioning and renovation projects."
Enquiries:
PPHE Hotel Group Limited |
Daniel Kos Chief Financial Officer & Executive Director |
+31 20 717 8600 |
Inbar Zilberman General Counsel |
+31 20 717 8600 |
Tulchan |
|
David Allchurch / Jessica Reid |
0207 353 4200 |
Notes to editors
PPHE Hotel Group is an international hospitality real estate company, with a £1.6 billion portfolio (valued as at summer of 2018) 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® branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel 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 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 and its shares are listed on the Premium Listing segment of the Main Market of the London Stock Exchange. PPHE Hotel Group 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.
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
