PPHE Hotel Group has developed a collection of popular, full-service, four-star, deluxe and lifestyle hotels (39 properties; over 9,000 rooms) with a good geographic spread and guest mix. With a focus on European cities (gateway and regional), there is particular representation in the important lodging markets of London, Amsterdam and Berlin, where the hotels are predominantly owned and operated under the Park Plaza brand. Consolidation of resort activities in Croatia in 2016 brought a re-shaping in terms of business and seasonality. Current development projects include two new art’otels in London. PPHE was floated on AIM in 2007 and moved to the Official List of the London Stock Exchange in 2011.
Daniel Kos, CFO of PPHE, provides an update on the business. He describes the strength of the company’s proven model, primarily as owner / operator, and its associated development record. He further explains the borrowing policy in view of apparently high net debt in absolute terms. He concludes with an overview on opportunities to deploy excess liquidity and existing drivers of growth.