Pphe Hotel Group's Eight: month sale hunt ends without a deal; shares crash

PPHE Hotel

02/07/2026 09:44

    July 2 (Reuters) - The Netherlands' PPHE Hotel Group PPH.L on Thursday said it is concluding a strategic review and ending an eight-month pursuit for a buyer after not securing an offer, sending shares down more than 10%.
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A £920.9 million  ($1.23 billion) takeover bid from Israel's Fattal Hotel Group collapsed last month when a key PPHE shareholder blocked it.
PPHE said on Thursday it is no longer in talks with any party for a potential sale, without disclosing any further plans for the company's future.
Shares of the Amsterdam-based company were down 10.2% at 1,536 pence.
The company had launched its review last November, a week after Euro Plaza's Eli Papouchado and Boris Ivesha said they were willing to consider a partial sale of their stakes. 
PPHE, which operates Park Plaza and Art'otel hotels, in May had disclosed another preliminary proposal, without naming the bidder, and cautioned that talks were at a very early stage.
($1 = £0.7492)

(Reporting by Yamini Kalia in Bengaluru; Editing by Harikrishnan Nair)
((Yamini.Kalia@thomsonreuters.com))