PPHE (PPH.L) Building the future
PPHE, the owner and operator of Park Plaza hotels in Europe, deliveredanother strong performance in FY14. As importantly, the foundations
continue to be laid for growth with four major projects under construction
and with three major refurbishments also nearly ready to start. The share
price is now on an eight year high but continues to trade at significant
discounts to NAV and to its peers.
PPHE Hotel Group is a hospitality company. Through its subsidiaries, jointly controlled entities and associates, Co. owns, co-owns, leases, operates, franchises and develops hotels in cities, regional centers and select resort destinations, primarily in Europe. The majority of Co.'s hotels operate under the Park Plaza or art'otel brands. The art'otel brand is wholly owned by Co. Co. has a licence from Carlson Hotels to develop and operate Park Plaza Hotels & Resorts in 56 countries in Europe, the Middle East and Africa. As of Dec 31 2017, Co.'s portfolio of owned, co-owned, leased, managed and franchised hotels comprised 39 hotels providing a total of nearly 9,000 rooms.
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