REG - PPHE Hotel Grp Ltd - Appointment of Co-Chief Executive Officer

PPHE HotelAnnouncement

08/02/2024 07:15

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RNS Number : 4071C  PPHE Hotel Group Limited  08 February 2024

 

 

8 February 2024

 

PPHE Hotel Group Limited

("PPHE", the "Group" or the "Company")

 

Appointment of Greg Hegarty as Co-Chief Executive Officer

 

PPHE Hotel Group, the international hospitality real estate group which
develops, owns and operates hotels and resorts, is pleased to announce the
appointment of Greg Hegarty as Co-Chief Executive Officer (Co-CEO) of the
Company with immediate effect.

 

Greg has been with the Group for 18 years in various leadership positions and
was appointed as Chief Operating Officer of the Group in 2019 and Deputy Chief
Executive Officer & Chief Operating Officer in 2020. During this time, he
has held overall responsibility for creating and implementing the Group's
operational strategies, including Operations, People & Culture and
Commercial, while driving PPHE's corporate vision and growth strategy. He was
appointed an Executive Director of the Company and joined the Board in May
2023. He has almost three decades of experience in the wider hospitality
sector.

 

Prior to joining the Group, Greg held senior management roles at recognised
brands and owner/operators such as Clermont Hotel Group (formerly GLH /
Thistle Hotels) and RBH (formerly Redefine BDL Hotels). He holds a Masters'
Degree in Business Administration (MBA) and has further shown his commitment
to the hospitality industry by becoming a Fellow of the Institute of
Hospitality and Master Innholder.

 

Greg will assume his Co-CEO role alongside Boris Ivesha, the Company's
long-serving President & CEO. He will manage the day-to-day running of the
business as well as have a key role in defining and implementing the Group's
long-term strategy as it continues in its current phase of significant growth.
He will also continue to be responsible for the Group's ongoing proactive
engagement with shareholders. Boris Ivesha will continue to focus on pursuing
growth and development opportunities for the Group, including concept
creation.

 

Greg Hegarty, incoming Co-CEO, PPHE Hotel Group commented:

"I am delighted to have been appointed as Co-CEO and look forward to
continuing to lead the Group in its long-term strategic objectives. PPHE is in
a very exciting phase of growth, building on its strong footprint of Park
Plaza hotels while also completing and opening several large pipeline projects
across capital cities including London, Belgrade, Berlin, Rome, and across
different market segments and brands including art'otel and Radisson RED.

Our continued growth is a testament to both the Company's strong corporate
vision and unique business model, as well as the hard work and dedication of
our teams around the world, who remain fundamental to our success and our
customer proposition."

Boris Ivesha, President & CEO, PPHE Hotel Group commented:

"Greg's appointment to Co-CEO provides important additional leadership support
for the Group, as we deliver the latest phase of our exciting growth
trajectory. His appointment is in keeping with the Group's longstanding
emphasis on promoting internal talent and intra-group mobility, and we are
very proud of his progression since joining PPHE. With his breadth of
experience and knowledge, Greg has made a vital contribution to the Company's
success over the last decade, and I look forward to continuing to work closely
with him in his new role."

 

- Ends -

 

Enquiries:

 

 PPHE Hotel Group Limited                                      Tel: +31 (0)20 717 8600
 Daniel Kos, Chief Financial Officer & Executive Director
 Robert Henke, Executive Vice President of Commercial Affairs
 Hudson Sandler                                                Tel: +44 (0)20 7796 4133
 Wendy Baker / Charlotte Cobb / India Laidlaw                  pphe@hudsonsandler.com (mailto:pphe@hudsonsandler.com)

 

Notes to Editors:

 

PPHE Hotel Group is an international hospitality real estate company, with a
£2.0 billion portfolio, valued as at December 2022 by Savills and Zagreb
nekretnine Ltd (ZANE), of primarily prime freehold and long leasehold assets
in Europe.

 

Through its subsidiaries, jointly controlled entities and associates it owns,
co-owns, develops, leases, operates and franchises hospitality real estate.
Its portfolio includes 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. The Group's strategy is
to grow its portfolio of core upper upscale city centre hotels, leisure and
outdoor hospitality and hospitality management platform.

 

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® 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 a Guernsey registered company with shares listed on the
London Stock Exchange. PPHE Hotel Group also holds a controlling ownership
interest in Arena Hospitality Group, whose shares are listed on the Prime
market of the Zagreb Stock Exchange.

 

Company websites: www.pphe.com (http://www.pphe.com) |
www.arenahospitalitygroup.com (http://www.arenahospitalitygroup.com)

 

For reservations:

www.parkplaza.com (http://www.parkplaza.com) | www.artotel.com
(http://www.artotel.com) | www.arenahotels.com (http://www.arenahotels.com) |
www.arenacampsites.com (http://www.arenacampsites.com)

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