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PPHE Hotel Group

PPHE Hotel Group

Sector: Hotels And Motels Region: Netherlands


: | London Stock Exchange: PPH


PPHE Hotel Group is a pan-European hospitality company, with a turnover of over EUR270m. Our high-quality portfolio of hotels and resorts is primarily located in Europe. Our primary activities are owning, leasing, developing, operating and franchising full-service upscale and lifestyle hotels.

We enjoy an exclusive licence from CarlsonSM, a global privately owned hospitality and travel company, under which we develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa. We fully own the art’otel® brand, and can develop this innovative concept across the world, while our significant minority ownership interest in the Arenaturist group, one of Croatia’s premier hospitality companies, gives us a strong presence on the Istrian Peninsula.

Our portfolio of owned, leased, managed and franchised hotels features 38 properties offering 8,300 guest rooms in total. Our development pipeline includes four new hotel projects, three of which are located in London and one in Nuremberg, Germany. In addition, we have one extension and reconfiguration and two rebranding projects. These developments are expected to add over 1,000 new rooms to our portfolio by the end of 2016 and an additional 352 rooms by the end of 2019.

Our focus is on expanding our presence in the affordable upscale market segment through strategic development and partnership projects. Our business model accommodates a range of hotel contracts as outlined below.

Owned and part owned hotels
We wholly own 12 hotels and part own 16 hotels. This model is capital intensive, but owning the underlying assets enables us to capitalise on any increase in property values and to develop flagship hotels in key locations.

Operating leases
We lease six of our hotels from third parties. The need for upfront capital investment is eliminated with this model, making it the preferred structure for institutional investors.

Management and franchise
We have four managed and franchised hotels. The hotels are owned by third parties and they either operate their property, or they have entered into a franchise agreement with us. We are actively pursuing similar new arrangements to accelerate the growth of our brands.

Development projects
Our development pipeline includes four new hotel projects, three of which are located in London and one in Nuremberg, Germany. In addition, we have one extension and reconfiguration and two rebranding projects. These developments are expected to add over 1,000 new rooms to our portfolio by the end of 2016 and an additional 352 rooms by the end of 2019.

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Company Profile

Executives

Eli Papouchado, Non-Executive Chairman
Chairman of the Group since formation. Founder of the Red Sea Group and acted as its Chairman for 10 years. Wealth of experience in the construction, design, development, financing, acquisition and management of leading hotels, including Park Plaza Westminster Bridge London, Park Plaza Riverbank London and many others. Involved in the development of hundreds of thousands of square metres of retail space in shopping malls and large residential projects in the US, Eastern Europe and the Middle East. Served as Chairman of the Israel Hotel Association.
Boris Ivesha, President and Chief Executive Officer
President of PPHE Hotel group since 1991. Brought Park Plaza® Hotels & Resorts brand to the Group in 1994 in collaboration with the Red Sea Group. Major influencer in the expansion of the Group’s portfolio. Established the Yamit Hotel, Israel in 1984 and served as its President. Director of the Carlton Hotel in Israel (1979-1984). General Manager of the Royal Horseguards Hotel in London (1972-1979).
Chen Moravsky, Deputy Chief Executive Officer & Chief Financial Officer
Appointed Deputy Chief Executive Officer in August 2014. Chief Financial Officer of PPHE. Financial Director of the Red Sea Group (2001 – 2004). Extensive experience in the hotel/leisure business and real estate investment market. Previously Audit Manager at Deloitte. Certified Public Accountant (ISR). MBA from the University of Manchester and Bachelor of Business from the Tel Aviv College of Management.
Kevin McAuliffe, Non-Executive Director, Senior Independent Director
Member of the Society of Trust and Estate Practitioners and a director of various regulated investment companies. Retired Chairman of Carey Group (since joining as Chief Executive in 1999). Head of Advisory Services for Paribas International Private Banking and Managing Director of Paribas Suisse in Guernsey (1992-1999). Served as Finance Director of Ansbacher offshore banking group, appointed as Chief Executive of Ansbacher’s Guernsey bank and trust company business in 1994. Held posts in 3 different departments in the States of Guernsey (1973 -1980).
Elisha Flax, Non-Executive Director
Real estate entrepreneur engaged in various real estate activities in Eastern Europe. Served as non-executive director of Delek Global Real Estate plc, an AIM-listed real estate company until 2010. Previously a solicitor at the London offices of US law firms Chadbourne & Parke and Akin, Gump, Strauss, Hauer & Feld and General Counsel at PlaneStation Limited. LLB law degree from Keio University in Tokyo, Japan and qualified solicitor in England and Wales.
Nigel Jones, Non-Executive Director
Member of the Royal Institution of Charted Surveyors (since 1989). Chief Executive of ComProp Limited (2001-2007) whilst it traded as an AIM-listed property company and during that time was responsible for major office developments including headquarter offices for Fortis, Kleinwort Benson and Generali, along with retail stores for B&Q and Waitrose. Initially worked in Southampton for Humberts and dealt with management of coastal land forming part of the Crown Estate. Moved to Guernsey and later established the Island’s first dedicated Commercial property practice in 1995.

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