REG - PPHE Hotel Grp Ltd - Directorate Change

PPHE HotelAnnouncement

09/01/2025 13:15

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RNS Number : 7936S  PPHE Hotel Group Limited  09 January 2025

9 January 2025

 

PPHE Hotel Group Limited

("PPHE" or the "Group")

 

Directorate Change

 

PPHE Hotel Group, the international hospitality real estate group which
develops, owns and operates hotels and resorts, announces that Mr Eli
Papouchado has decided to step aside from his role as Non-Executive Chairman
and Director of the Board with immediate effect. Ken Bradley (currently
Non-Executive Deputy Chairman) has been appointed as successor.

 

Mr Papouchado has taken this decision pending the outcome of an HR-related
claim against him by an employee of a company outside of the PPHE Hotel Group
but which also names the Group as co-respondents. Mr Papouchado strenuously
refutes this claim and is contesting it.

 

Mr Papouchado, a founder of the Group, has held the role of Chairman since its
formation in 1989. Over this period, he has played an instrumental role in
both the Group's growth and development, and the expansion of the Park Plaza
and art'otel brands across Europe.

 

Given the context of the current claim, the Group is limited in what further
information it can provide at this time.  A further announcement will be made
as and when appropriate.

 

-ends-

 

Enquiries:

 

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

 Daniel Kos, Chief Financial Officer & Executive Director

 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 / Lucy Wollam

 

Notes to Editors

 

PPHE Hotel Group is an international hospitality real estate company, with a
£2.2 billion portfolio, valued as at December 2023 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(1), one of the world's largest hotel groups, to
develop and operate Park Plaza®(1) 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(1) owns, and
operates under, the Arena Hotels & Apartments®(1) and Arena
Campsites®(1) brands.

 

PPHE Hotel Group is a Guernsey(1) registered company with shares listed on the
London Stock Exchange. PPHE Hotel Group also holds a controlling ownership
interest in Arena Hospitality Group(1) ('AHG'), whose shares are listed on the
Prime market of the Zagreb Stock Exchange.

 

Company(1) 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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