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

PPHE HotelAnnouncement

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RNS Number : 2559I  PPHE Hotel Group Limited  20 November 2025

 

20 November 2025

 

PPHE Hotel Group Limited

("PPHE" or the "Group")

 

Refinancing of Park Plaza London Riverbank

 

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 its existing loan with Aareal Bank
AG ("Aareal'') in relation to Park Plaza London Riverbank (the "Hotel"). This
refinancing extends the existing 2016 facility with Aareal (the "Existing
Facility") from its original maturity date of June 2026, with a new maturity
date in June 2030.

 

Under the new terms, the £95.8m facility will continue to attract an all-in
fixed interest rate of 3.248% until the original maturity date of June 2026.
Following this, 85 per cent of the loan will bear a fully fixed interest rate
of 5.72% until maturity, with a competitive floating interest rate applying to
the remainder of the loan. This compares with an all-in fixed interest rate of
3.248% that applied under the terms of the Existing Facility. Additionally,
under the new terms, the loan will no longer be subject to amortisation which
is expected to partially offset the impact of the increased interest on cash
flow.

 

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

 

The new facility is non-recourse and will be secured by Aareal's existing
security package, including a mortgage over the Hotel.

 

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

 

"This extended facility continues our strong relationship with long-standing
lender, Aareal Bank AG. The Group's high-quality and stable asset base in key
city-centre locations, such as Park Plaza Riverbank in London, enable us to
secure long term financing on attractive rates"

 

- 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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