PPHE Hotel Group lists on the London Stock Exchange
PPHE will be included in both the London Stock Exchange indices from the start of trading on June 24, 2019.
After the latest quarterly review, PPHE Hotel Group is now officially included in the London Stock Exchange’s FTSE 250 and FTSE All Share indices
In early June, PPHE Hotel Group announced that from the next quarter it would join both the FTSE 250 and FTSE All Share Indices on the London Stock Exchange (LSE).
PPHE Hotel Group is an international hospitality real estate group which owns, co-owns and develops hotels, resorts and campsites. They are based in the United Kingdom and currently operate four brands with 46 properties around Europe.
Improved trading position in Q3 2019
In the latest quarterly review by global index provider FTSE Russell, it was confirmed that PPHE Hotel Group has met the requisite criteria and will be included in both indices from the start of trading on June 24, 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.
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the LSE.
Planning for ongoing growth
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 development strategy is to target real estate in prime locations and attractive geographies where the company believes there is significant upside potential to drive growth and long-term value through both the property portfolio and operations.
PPHE Hotel Group has a €1.8 billion ($2.02 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,” Mr Ivesha went on to say.
About the PPHE Hotel Group
PPHE Hotel Group benefits from having an exclusive licence from the Radisson Hotel Group 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.
PPHE Hotel Group is also 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. The 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.
Let’s take a look at a few other projects currently underway by PPHE Group:
ABOUT THE CHAIN
ABOUT THE CHAIN
PPHE Hotel Group owns, leases, develops, manages and franchises primarily full-service four-star, four-star deluxe and contemporary lifestyle hotels in major gateway cities and regional centres primarily in Europe.
[tweetshareinline tweet=”After the latest quarterly review, PPHE Hotel Group is now officially included in the London Stock Exchange’s FTSE 250 and FTSE All Share indices
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