PPHE Hotel Group Limited Inclusion in the FTSE 250 Index (3055B)
June 06 2019 - 1:01AM
UK Regulatory
TIDMPPH
RNS Number : 3055B
PPHE Hotel Group Limited
06 June 2019
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 GBP1.6 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 GBP1.6 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(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) 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
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END
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