REG - PPHE Hotel Grp Ltd - Refinancing of Park Plaza Victoria London

PPHE HotelAnnouncement

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RNS Number : 6643L  PPHE Hotel Group Limited  16 December 2025

 

16 December 2025

 

PPHE Hotel Group Limited

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

 

Refinancing of Park Plaza Victoria London

 

PPHE Hotel Group, the international hospitality real estate group which
develops, owns and operates hotels and resorts, is pleased to announce that it
has entered into an agreement to refinance Park Plaza Victoria London (the
"Hotel").

 

The new £88 million facility has been arranged by Santander UK plc and ABN
AMRO Bank N.V and is part of an ongoing programme for the long-term
refinancing of certain of the Group's assets following the successful
refinancing of Park Plaza London Riverbank in November 2025. This new facility
for Park Plaza Victoria London will replace the existing facility with Barings
LLC, which matures in Q1 2026.

 

The new facility is for a term of 5 years and will bear a floating interest
rate, of which 90 per cent is hedged at an all-in rate of 3.9%. This compares
with an all-in fixed rate of 3.42% that applied under the existing facility.

 

The new facility will be secured, inter alia, by a first legal charge over the
Hotel and pledges over the company which owns the freehold of the hotel and
its related operating subsidiaries.

 

The new facility agreement is subject to certain conditions precedent being
fulfilled, and funding is expected to take place on 18 December 2025.

 

The facility agreement includes financial covenants based on loan to value and
debt service common with this type of facility.

 

Daniel Kos, Chief Financial Officer of the Company, commented:

 

"We are pleased to announce a second major refinancing this quarter,
underlining the strength and breadth of our banking partnerships. Park Plaza
Victoria London was one of the Group's first London hotels and has been a
strong contributor to the Group since opening in 2001. The hotel is currently
undergoing a capex investment programme, which will see all guest rooms
upgraded in the first half of 2026. The new facility supports our overall
ambition of driving value for our shareholders and delivering an outstanding
guest experience.''

 

- Ends -

 

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, Executive Vice President of Commercial Affairs

 H2Radnor

 Iain Daly / Joshua Cryer                                       Tel: +44 (0) 203 897 1830

 Hudson Sandler                                                 Tel: +44 (0)20 7796 4133
 Wendy Baker / India Laidlaw                                    pphe@hudsonsandler.com (mailto:pphe@hudsonsandler.com)

 

 

Notes to Editors:

 

PPHE Hotel Group is an international hospitality real estate company, with
a £2.2 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 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) |
www.radissonhotels.com (http://www.radissonhotels.com)

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