PPHE Hotel Group

PPHE Hotel Group Limited, formerly Park Plaza Hotels Europe, is an international hospitality real estate group. It is listed on the London Stock Exchange.

For the hotel brand that PPHE Hotel Group was licensed to use, see Park Plaza Hotels & Resorts.
PPHE Hotel Group
TypePublic
LSE: PPH
ISINGG00B1Z5FH87
IndustryHospitality and real estate
Founded1989
HeadquartersGuernsey (registered office)
Key people
Eli Papouchado, Chairman
Boris Ivesha, CEO
BrandsPark Plaza Hotels and art'otel
Revenue£357.7 million (2019)[1]
£81.1 million (2019)[1]
£42.6 million (2019)[1]
Total assets£1,585.1 million (2019)[1]
Number of employees
4,700 (2019)[1]
Websitepphe.com

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 1,019-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. "Annual Report 2019" (PDF). PPHE Hotel Group. Retrieved 28 February 2020.
  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". London. Reuters. 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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