REG - PPHE Hotel Grp Ltd - Completion of the acquisition of development site

PPHE HotelAnnouncement

05/09/2025 09:30

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RNS Number : 2097Y  PPHE Hotel Group Limited  05 September 2025

5 September 2025

 

 PPHE Hotel Group Limited

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

 

Completion of the acquisition of a prime development site near The City of
London

Site earmarked for PPHE's first select service hotel in London

 

Further to the announcement on 23 June 2025, the Company is pleased to
announce that, via a subsidiary of its European Hospitality Fund (the "Fund"),
it has now completed the acquisition of a development site near The City of
London for a consideration of £17.5 million.

 

The 13,000 sqm mixed-use development site is located in a prime central
location near the City of London and Tower Bridge and has planning
permission. Due to open in 2029, the development will feature a select service
Radisson RED lifestyle hotel, with a minimum of 182 bedrooms, a restaurant,
bar and gym and 41,000 sq ft of office space. The Group expects an all in
investment of circa £90 million for this project, including the site
acquisition price of £17.5 million, with an expected running unlevered
annual yield of high single digit at stabilisation. The development will focus
on sustainability targeting a BREEAM 'Excellent' environmental accreditation.

 

This acquisition marks the second property to be acquired by the Fund in line
with its strategy, following the earlier acquisition and development of the
recently opened five-star art'otel Rome Piazza Sallustio.

 

Enquiries:

 

 PPHE Hotel Group Limited                                       Tel: +31 (0)20 717 8600

 Greg Hegarty, Co-Chief Executive Officer

 Daniel Kos, Chief Financial Officer & Executive Director

 Robert Henke, Vice President Commercial Affairs
 h2Radnor                                                       Tel: +44 (0) 203 897 1830

 Iain Daly / Joshua Cryer
 Hudson Sandler                                                 Tel: +44 (0)20 7796 4133

Email: pphe@hudsonsandler.com (mailto:pphe@hudsonsandler.com)
 Wendy Baker / Nick Moore / India Laidlaw

 

 

Notes to Editors

 

PPHE Hotel Group (LSE: PPH) is an international hospitality real estate
company, with a £2.2 billion portfolio, valued as at December 2024 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(1) 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 ('AHG'), 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.radissonhotels.com
(http://www.radissonhotels.com/)  | www.arenahotels.com
(http://www.arenahotels.com/)  | www.arenacampsites.com
(http://www.arenacampsites.com/)

 

 

 

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