PPHE Hotel Group Ltd
LSE:PPH
PPHE Hotel Group Ltd
PPHE Hotel Group Ltd. engages in owning, leasing, developing, operating, and franchising full service upscale and lifestyle hotels. The company is headquartered in Amsterdam, Noord-Holland. The company went IPO on 2007-07-12. Company's portfolio includes freehold and long leasehold assets in Europe. PPHE Hotel Group's guiding principle is to generate attractive returns from operations and long-term capital appreciation. Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates, and franchises hospitality real estate. Its primary focus in hotel, resort, and campsite properties in resort destinations. PPHE Hotel Group benefits from having an license from the Radisson Hotel Group, 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 also holds a controlling ownership interest in Arena Hospitality Group.
PPHE Hotel Group Ltd. engages in owning, leasing, developing, operating, and franchising full service upscale and lifestyle hotels. The company is headquartered in Amsterdam, Noord-Holland. The company went IPO on 2007-07-12. Company's portfolio includes freehold and long leasehold assets in Europe. PPHE Hotel Group's guiding principle is to generate attractive returns from operations and long-term capital appreciation. Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates, and franchises hospitality real estate. Its primary focus in hotel, resort, and campsite properties in resort destinations. PPHE Hotel Group benefits from having an license from the Radisson Hotel Group, 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 also holds a controlling ownership interest in Arena Hospitality Group.
Revenue Growth: PPHE reported first-half revenue up 4.7% to £199.9 million, supported by new and refurbished hotels.
EBITDA Decline: EBITDA fell 5.7% to £45.5 million, mainly due to the ramp-up of new properties and increased payroll costs, but cost control efforts limited wage inflation.
Occupancy Gains: Occupancy increased by 180 bps to 72.4%, offsetting some average room rate declines.
Dividend Maintained: An interim dividend of 17p per share was proposed, the same as last year.
Pipeline Progress: Five new hotels opened across five capital cities in two years, with recent openings in Rome and London Hoxton still stabilizing.
Outlook Stable: Full-year EBITDA for 2025 is expected to be broadly in line with 2024, with new hotels targeted to add at least £25 million EBITDA upon stabilization.
Cost Efficiency: Significant efficiency gains achieved through AI adoption and back-office automation, with more tech upgrades planned.
External Headwinds: Management remains cautious about rising costs and potential VAT increases in the Netherlands in 2026.
